Arrowstreet Capital Limited Partnership Buys Shares of 103,979 Informatica Inc. (NYSE:INFA)

Arrowstreet Capital Limited Partnership purchased a new position in Informatica Inc. (NYSE:INFA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 103,979 shares of the technology company's stock, valued at approximately $2,696,000.

A number of other large investors also recently modified their holdings of the business. FMR LLC increased its stake in shares of Informatica by 555.6% during the third quarter. FMR LLC now owns 8,182 shares of the technology company's stock valued at $207,000 after acquiring an additional 6,934 shares during the period. Captrust Financial Advisors raised its stake in shares of Informatica by 23.7% in the 3rd quarter. Captrust Financial Advisors now owns 8,364 shares of the technology company's stock worth $211,000 after buying an additional 1,604 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Informatica in the third quarter valued at $232,000. Quarry LP acquired a new position in Informatica during the third quarter worth about $38,000. Finally, State Street Corp raised its position in Informatica by 25.1% in the third quarter. State Street Corp now owns 1,051,013 shares of the technology company's stock worth $26,570,000 after acquiring an additional 210,843 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Informatica Stock Down 0.2 %

Shares of INFA traded down $0.03 during trading hours on Tuesday, reaching $17.47. The company's stock had a trading volume of 108,104 shares, compared to its average volume of 2,677,262. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 582.53, a P/E/G ratio of 4.44 and a beta of 1.06. The company has a 50 day moving average of $19.18 and a two-hundred day moving average of $23.58. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $36.49.

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Informatica (NYSE:INFA - Get Free Report) last released its 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 return on equity of 5.76% and a net margin of 0.61%. As a group, research analysts predict that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INFA has been the topic of several recent research reports. Wells Fargo & Company cut shares of Informatica from a "buy" rating to an "equal weight" rating in a research note on Friday, February 14th. Royal Bank of Canada cut Informatica from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $35.00 to $19.00 in a report on Friday, February 14th. Cantor Fitzgerald assumed coverage on Informatica in a research report on Friday, January 17th. They set a "neutral" rating and a $29.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut Informatica from a "buy" rating to a "hold" rating and set a $21.00 target price on the stock. in a report on Friday, February 14th. Finally, Bank of America downgraded Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $24.15.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the transaction, the executive vice president now owns 328,799 shares in the company, valued at approximately $5,977,565.82. This represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 48.10% of the stock is owned by corporate insiders.

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.