Diamond Hill Capital Management Inc. Makes New $36.24 Million Investment in Informatica Inc. (NYSE:INFA)

Diamond Hill Capital Management Inc. bought a new position in shares of Informatica Inc. (NYSE:INFA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,397,451 shares of the technology company's stock, valued at approximately $36,236,000. Diamond Hill Capital Management Inc. owned 0.46% of Informatica as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in INFA. ORG Wealth Partners LLC purchased a new stake in shares of Informatica in the 4th quarter valued at approximately $32,000. Quarry LP acquired a new position in shares of Informatica in the 3rd quarter valued at $38,000. National Bank of Canada FI boosted its holdings in shares of Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company's stock valued at $43,000 after buying an additional 1,644 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Informatica in the 4th quarter valued at $54,000. Finally, PNC Financial Services Group Inc. boosted its holdings 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 buying an additional 667 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Stock Performance

Shares of INFA stock traded down $0.06 during mid-day trading on Tuesday, hitting $18.36. The stock had a trading volume of 2,289,955 shares, compared to its average volume of 2,015,641. The company's 50-day simple moving average is $22.48 and its 200-day simple moving average is $24.72. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market cap of $5.56 billion, a PE ratio of 612.17, a PEG ratio of 4.44 and a beta of 1.04. Informatica Inc. has a fifty-two week low of $16.37 and a fifty-two week high of $39.80.

Remove Ads

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on INFA shares. Deutsche Bank Aktiengesellschaft cut shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 target price for the company. in a report on Friday, February 14th. Wedbush cut shares of Informatica to a "neutral" rating in a research note on Friday, February 14th. Baird R W cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 14th. Guggenheim reiterated a "buy" rating and set a $37.00 price target on shares of Informatica in a research note on Friday, January 31st. Finally, Robert W. Baird reiterated a "neutral" rating and set a $19.00 price target (down previously from $35.00) on shares of Informatica in a research note on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $24.67.

Insider Activity

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the transaction, the executive vice president now owns 328,799 shares in the company, valued at approximately $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 48.10% of the company's stock.

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.