OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 15,000 Shares of Informatica Inc. (NYSE:INFA)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,000 shares of the technology company's stock after selling 15,000 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.07% of Informatica worth $5,186,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. New Age Alpha Advisors LLC acquired a new position in Informatica in the 4th quarter valued at approximately $43,000. FNY Investment Advisers LLC purchased a new stake in shares of Informatica during the fourth quarter worth $54,000. PNC Financial Services Group Inc. raised its holdings in shares of Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after acquiring an additional 667 shares in the last quarter. KBC Group NV boosted its position in Informatica by 69.4% during the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in Informatica in the fourth quarter valued at about $88,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the completion of the sale, the executive vice president now owns 416,410 shares in the company, valued at $7,516,200.50. This trade represents a 2.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 48.10% of the stock is currently owned by company insiders.

Informatica Stock Performance

NYSE:INFA traded up $0.13 during trading hours on Friday, hitting $19.70. 5,050,284 shares of the company traded hands, compared to its average volume of 2,145,793. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $31.65. The firm has a 50-day moving average of $18.13 and a 200 day moving average of $22.38. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 657.02, a P/E/G ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company had revenue of $403.90 million for the quarter, compared to the consensus estimate of $392.14 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The business's revenue was up 3.9% compared to the same quarter last year. On average, analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

INFA has been the subject of several research reports. Bank of America lowered Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Guggenheim restated a "buy" rating and set a $37.00 price target on shares of Informatica in a research note on Friday, January 31st. Truist Financial reiterated a "buy" rating and issued a $24.00 price objective (down from $34.00) on shares of Informatica in a report on Friday, February 14th. DA Davidson lowered their target price on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, The Goldman Sachs Group boosted their price target on Informatica from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Thirteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $23.69.

Informatica Profile

Informatica Inc develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide. Its platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality and observability products to profile, cleanse, standardize, observe, and monitor data to deliver accurate, complete, and consistent data; and master data management products to create an authoritative single source of truth of business-critical data.