Quinn Opportunity Partners LLC Has $6.20 Million Position in Informatica Inc. (NYSE:INFA)

Quinn Opportunity Partners LLC boosted its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 160.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 239,164 shares of the technology company's stock after buying an additional 147,415 shares during the period. Quinn Opportunity Partners LLC owned 0.08% of Informatica worth $6,202,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. PNC Financial Services Group Inc. lifted its stake in shares of Informatica by 35.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after purchasing an additional 667 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of Informatica in the 4th quarter valued at $32,000. KBC Group NV lifted its holdings in shares of Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after acquiring an additional 1,325 shares in the last quarter. Pacer Advisors Inc. boosted its position in Informatica by 30.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company's stock worth $159,000 after purchasing an additional 1,437 shares during the period. Finally, Cooper Financial Group raised its position in Informatica by 6.6% in the fourth quarter. Cooper Financial Group now owns 24,236 shares of the technology company's stock valued at $628,000 after purchasing an additional 1,504 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the sale, the executive vice president now directly owns 328,799 shares of the company's stock, valued at approximately $5,977,565.82. This represents a 3.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 48.10% of the company's stock.

Analysts Set New Price Targets

INFA has been the topic of several analyst reports. Guggenheim reiterated a "buy" rating and set a $37.00 target price on shares of Informatica in a report on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and set a $24.00 price target (down previously from $34.00) on shares of Informatica in a research note on Friday, February 14th. Wedbush downgraded Informatica to a "neutral" rating in a research note on Friday, February 14th. UBS Group cut their price target on Informatica from $30.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday, February 14th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $19.00 target price (down from $35.00) on shares of Informatica in a research note on Friday, February 14th. Thirteen 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, the stock has an average rating of "Hold" and a consensus price target of $24.15.

Informatica Stock Performance

NYSE INFA traded down $0.01 on Wednesday, hitting $17.58. The stock had a trading volume of 2,786,972 shares, compared to its average volume of 2,113,575. The company's 50-day moving average is $19.02 and its two-hundred day moving average is $23.54. Informatica Inc. has a one year low of $15.65 and a one year high of $36.49. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 586.20, a P/E/G ratio of 4.44 and a beta of 1.06. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The business had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. On average, analysts expect that Informatica Inc. will post 0.63 earnings per share for the current year.

About Informatica

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.