Bank of New York Mellon Corp Sells 61,479 Shares of Informatica Inc. (NYSE:INFA)

Bank of New York Mellon Corp cut its position in Informatica Inc. (NYSE:INFA - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 437,050 shares of the technology company's stock after selling 61,479 shares during the period. Bank of New York Mellon Corp owned 0.14% of Informatica worth $11,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of INFA. Wellington Management Group LLP boosted its position in shares of Informatica by 29.9% in the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company's stock valued at $292,339,000 after purchasing an additional 2,662,379 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Informatica by 826.8% in the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company's stock valued at $37,519,000 after acquiring an additional 1,324,006 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Informatica by 16.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock valued at $209,075,000 after purchasing an additional 1,168,158 shares during the period. Geode Capital Management LLC boosted its holdings in Informatica by 34.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company's stock valued at $30,677,000 after purchasing an additional 311,003 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Informatica by 62.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company's stock worth $15,571,000 after purchasing an additional 237,876 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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Informatica Stock Performance

NYSE:INFA traded up $0.98 during trading hours on Friday, hitting $18.37. 2,652,981 shares of the company traded hands, compared to its average volume of 2,542,528. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a twelve month low of $16.37 and a twelve month high of $39.80. The firm has a 50-day moving average of $22.80 and a 200 day moving average of $24.81. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 612.67, a P/E/G ratio of 4.44 and a beta of 1.05.

Informatica (NYSE:INFA - Get Free Report) last issued 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 net margin of 0.61% and a return on equity of 5.76%. The firm had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. On average, analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wedbush lowered Informatica to a "neutral" rating in a report 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. The Goldman Sachs Group downgraded 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. Deutsche Bank Aktiengesellschaft cut Informatica from a "buy" rating to a "hold" rating and set a $21.00 price target on the stock. in a report on Friday, February 14th. Finally, Truist Financial reiterated a "buy" rating and set a $24.00 target price (down from $34.00) on shares of Informatica 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. According to data from MarketBeat.com, Informatica has an average rating of "Hold" and an average price target of $24.67.

Insiders Place Their Bets

In related news, CAO Mark Pellowski sold 10,035 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the sale, the chief accounting officer now owns 138,477 shares of the company's stock, valued at $3,747,187.62. The trade was a 6.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the transaction, the executive vice president now directly owns 328,799 shares of the company's stock, valued at approximately $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,272 shares of company stock worth $771,026 over the last 90 days. Corporate 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.