Edgestream Partners L.P. Purchases New Stake in Informatica Inc. (NYSE:INFA)

Edgestream Partners L.P. purchased a new position in shares of Informatica Inc. (NYSE:INFA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 203,054 shares of the technology company's stock, valued at approximately $5,265,000. Edgestream Partners L.P. owned 0.07% of Informatica as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of INFA. Charles Schwab Investment Management Inc. grew its holdings 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 worth $15,571,000 after acquiring an additional 237,876 shares during the period. Summit Partners Public Asset Management LLC bought a new stake in Informatica during the third quarter worth approximately $2,781,000. Wellington Management Group LLP grew its position in Informatica by 29.9% in the third 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. JPMorgan Chase & Co. increased 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 buying an additional 1,324,006 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Informatica by 34.5% during 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 acquiring an additional 311,003 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

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Informatica Price Performance

INFA traded down $0.29 during midday trading on Wednesday, hitting $18.04. The company had a trading volume of 2,496,882 shares, compared to its average volume of 2,544,203. Informatica Inc. has a twelve month low of $16.37 and a twelve month high of $39.80. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The firm's 50-day simple moving average is $23.12 and its 200-day simple moving average is $24.91. The company has a market capitalization of $5.46 billion, a PE ratio of 601.37, a P/E/G ratio of 4.44 and a beta of 1.05.

Informatica (NYSE:INFA - Get Free Report) last posted 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). The company had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. Equities research analysts predict that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INFA has been the subject of a number of analyst reports. Cantor Fitzgerald began coverage on shares of Informatica in a report on Friday, January 17th. They issued a "neutral" rating and a $29.00 target price for the company. UBS Group reduced their target price on Informatica from $30.00 to $19.00 and set a "neutral" rating for the company in a report on Friday, February 14th. Wells Fargo & Company lowered shares of Informatica from a "buy" rating to an "equal weight" rating in a research note on Friday, February 14th. Baird R W cut Informatica from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $19.00 price target (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Informatica has a consensus rating of "Hold" and a consensus target price of $24.67.

Insider Transactions at Informatica

In other Informatica news, CAO Mark Pellowski sold 10,035 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the completion of the transaction, the chief accounting officer now owns 138,477 shares of the company's stock, valued at $3,747,187.62. This represents a 6.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.05, for a total value of $290,354.70. Following the transaction, the executive vice president now directly owns 353,778 shares in the company, valued at $9,569,694.90. The trade was a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 48.10% of the company's stock.

Informatica Company 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.