Informatica Inc. (NYSE:INFA) Stock Holdings Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 437,050 shares of the technology company's stock after selling 61,479 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.14% of Informatica worth $11,333,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in INFA. Wellington Management Group LLP grew its stake in 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 during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Informatica by 16.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock valued at $209,075,000 after acquiring an additional 1,168,158 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Informatica by 826.8% in the 3rd 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 during the period. Geode Capital Management LLC raised its position 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 during the last quarter. Finally, State Street Corp boosted its stake in Informatica by 25.1% during the 3rd quarter. State Street Corp now owns 1,051,013 shares of the technology company's stock worth $26,570,000 after purchasing an additional 210,843 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.

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Insider Activity at Informatica

In other news, EVP John Arthur Schweitzer sold 10,734 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.05, for a total transaction of $290,354.70. Following the completion of the transaction, the executive vice president now owns 353,778 shares in the company, valued at approximately $9,569,694.90. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.06, for a total transaction of $271,547.10. Following the completion of the transaction, the chief accounting officer now directly owns 138,477 shares in the company, valued at $3,747,187.62. This represents a 6.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,272 shares of company stock worth $771,026 over the last quarter. 48.10% of the stock is currently owned by company insiders.

Informatica Stock Performance

Shares of INFA traded up $0.98 during mid-day trading on Friday, reaching $18.37. 2,652,981 shares of the company's stock traded hands, compared to its average volume of 2,542,528. Informatica Inc. has a 12 month low of $16.37 and a 12 month high of $39.80. The stock has a market capitalization of $5.56 billion, a P/E ratio of 612.67, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The business's 50-day moving average price is $22.64 and its 200-day moving average price is $24.77. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

Informatica (NYSE:INFA - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share 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 business had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. Equities analysts predict that Informatica Inc. will post 0.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on INFA shares. Baird R W cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Friday, February 14th. UBS Group reduced their price objective on Informatica from $30.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday, February 14th. Guggenheim reaffirmed a "buy" rating and set a $37.00 price objective on shares of Informatica in a research report on Friday, January 31st. Cantor Fitzgerald began coverage on shares of Informatica in a research report on Friday, January 17th. They issued a "neutral" rating and a $29.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft cut shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 price objective on the stock. in a research note 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 MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.