AGF Management Ltd. Acquires Shares of 98,886 Informatica Inc. (NYSE:INFA)

AGF Management Ltd. purchased a new stake in Informatica Inc. (NYSE:INFA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 98,886 shares of the technology company's stock, valued at approximately $2,564,000.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in Informatica by 62.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company's stock valued at $15,571,000 after purchasing an additional 237,876 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new position in shares of Informatica in the 3rd quarter valued at $2,781,000. Wellington Management Group LLP raised its holdings in shares of Informatica by 29.9% during the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company's stock worth $292,339,000 after buying an additional 2,662,379 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Informatica by 826.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company's stock worth $37,519,000 after buying an additional 1,324,006 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Informatica by 34.5% in the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company's stock valued at $30,677,000 after buying an additional 311,003 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Monday, March 10th. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 48.10% of the company's stock.

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Informatica Trading Up 0.8 %

Shares of NYSE:INFA traded up $0.14 during mid-day trading on Monday, hitting $18.43. The company had a trading volume of 1,210,725 shares, compared to its average volume of 2,014,591. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. Informatica Inc. has a one year low of $16.37 and a one year high of $39.80. The firm has a fifty day moving average price of $22.64 and a 200 day moving average price of $24.77. The company has a market capitalization of $5.58 billion, a PE ratio of 614.64, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

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 the consensus estimate of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. As a group, research analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on INFA shares. Bank of America cut shares of Informatica from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. The Goldman Sachs Group downgraded shares of Informatica from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $38.00 to $20.00 in a report on Friday, February 14th. Royal Bank of Canada downgraded Informatica from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from $35.00 to $19.00 in a report on Friday, February 14th. Guggenheim restated a "buy" rating and set a $37.00 price objective on shares of Informatica in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded Informatica from a "buy" rating to a "hold" rating and set a $21.00 target price for the company. in a research report on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $24.67.

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.