FIL Ltd Has $270.95 Million Holdings in Informatica Inc. (NYSE:INFA)

FIL Ltd lifted its stake in Informatica Inc. (NYSE:INFA - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,449,229 shares of the technology company's stock after purchasing an additional 93,685 shares during the period. FIL Ltd owned 3.42% of Informatica worth $270,949,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in INFA. ORG Wealth Partners LLC bought a new position in Informatica in the fourth quarter valued at approximately $32,000. Quarry LP bought a new position in shares of Informatica in the 3rd quarter worth $38,000. National Bank of Canada FI grew its stake 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 worth $43,000 after purchasing an additional 1,644 shares during the period. New Age Alpha Advisors LLC bought a new stake in Informatica in the fourth quarter valued at about $43,000. Finally, FNY Investment Advisers LLC acquired a new position in Informatica in the fourth quarter valued at about $54,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the company'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 sale, the executive vice president now directly owns 328,799 shares of the company's stock, 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 48.10% of the company's stock.

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Informatica Stock Up 0.7 %

Shares of NYSE INFA traded up $0.13 during midday trading on Friday, reaching $17.32. The company's stock had a trading volume of 9,639,430 shares, compared to its average volume of 2,093,501. The stock has a 50 day simple moving average of $19.35 and a 200-day simple moving average of $23.63. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 577.36, a PEG ratio of 4.44 and a beta of 1.06. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $38.00.

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 business had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. Equities research analysts predict that Informatica Inc. will post 0.63 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on INFA shares. Royal Bank of Canada lowered Informatica from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $35.00 to $19.00 in a research report on Friday, February 14th. Bank of America downgraded shares of Informatica from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Truist Financial reissued a "buy" rating and set a $24.00 price target (down from $34.00) on shares of Informatica in a research report on Friday, February 14th. Wells Fargo & Company cut shares of Informatica from a "buy" rating to an "equal weight" rating in a research report on Friday, February 14th. Finally, UBS Group decreased their target price on Informatica from $30.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $24.67.

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.