Voya Investment Management LLC Buys 160,365 Shares of Informatica Inc. (NYSE:INFA)

Voya Investment Management LLC lifted its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 167.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,327 shares of the technology company's stock after purchasing an additional 160,365 shares during the period. Voya Investment Management LLC owned about 0.08% of Informatica worth $6,647,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INFA. ORG Wealth Partners LLC purchased a new stake in shares of Informatica during the 4th quarter valued at approximately $32,000. New Age Alpha Advisors LLC bought a new stake in Informatica during the fourth quarter valued at $43,000. FNY Investment Advisers LLC bought a new position in Informatica in the 4th quarter worth about $54,000. PNC Financial Services Group Inc. increased its position in shares of Informatica by 35.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after purchasing an additional 667 shares during the last quarter. Finally, KBC Group NV raised its position 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 buying an additional 1,325 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Informatica Stock Up 0.3 %

Shares of NYSE INFA traded up $0.06 on Monday, reaching $19.16. 265,380 shares of the company's stock traded hands, compared to its average volume of 2,108,269. The business's 50 day simple moving average is $18.03 and its two-hundred day simple moving average is $22.84. Informatica Inc. has a 12 month low of $15.65 and a 12 month high of $31.65. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 639.38, a price-to-earnings-growth 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 posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. As a group, equities research analysts forecast that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Insider Transactions at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total value of $207,629.15. Following the completion of the transaction, the executive vice president now directly owns 416,410 shares in the company, valued at $7,516,200.50. The trade was a 2.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 48.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. The Goldman Sachs Group cut shares of Informatica from a "buy" rating to a "neutral" rating and reduced their price target for the company from $38.00 to $20.00 in a research report on Friday, February 14th. Truist Financial reiterated a "buy" rating and issued a $24.00 target price (down previously from $34.00) on shares of Informatica in a research report on Friday, February 14th. Royal Bank of Canada lowered shares of Informatica from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft downgraded Informatica from a "buy" rating to a "hold" rating and set a $21.00 price objective on the stock. in a report on Friday, February 14th. Finally, DA Davidson dropped their target price on Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Thirteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $24.15.

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.