Charles Schwab Investment Management Inc. Grows Stock Holdings in Informatica Inc. (NYSE:INFA)

Charles Schwab Investment Management Inc. grew its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 757,883 shares of the technology company's stock after buying an additional 141,925 shares during the period. Charles Schwab Investment Management Inc. owned 0.25% of Informatica worth $19,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in shares of Informatica during the fourth quarter valued at approximately $32,000. Quarry LP bought a new stake in shares of Informatica during the third quarter valued at approximately $38,000. National Bank of Canada FI raised its position in shares of Informatica by 3,288.0% during the third 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 during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Informatica during the fourth quarter valued at approximately $54,000. Finally, KBC Group NV raised its position in shares of Informatica by 69.4% during the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after buying an additional 1,325 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INFA. UBS Group reduced their price objective on shares of Informatica from $30.00 to $19.00 and set a "neutral" rating on the stock in a research report on Friday, February 14th. Robert W. Baird restated a "neutral" rating and issued a $19.00 price target (down previously from $35.00) on shares of Informatica in a research report on Friday, February 14th. Baird R W cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. Wedbush cut shares of Informatica to a "neutral" rating in a research report on Friday, February 14th. Finally, Guggenheim restated a "buy" rating and issued a $37.00 price target on shares of Informatica in a research report on Friday, January 31st. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $24.67.

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Insider Activity

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the business's stock in a transaction on 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 48.10% of the company's stock.

Informatica Trading Up 1.0 %

INFA stock traded up $0.18 during mid-day trading on Friday, reaching $18.18. 2,190,030 shares of the stock traded hands, compared to its average volume of 2,029,019. 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 Inc. has a one year low of $16.37 and a one year high of $39.80. The stock has a market capitalization of $5.50 billion, a PE ratio of 606.04, a PEG ratio of 4.44 and a beta of 1.04. The business has a 50-day moving average price of $21.89 and a two-hundred day moving average price of $24.54.

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

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.