Fmr LLC Acquires 10,361,617 Shares of Informatica Inc. (NYSE:INFA)

FMR LLC increased its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 126,639.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,369,799 shares of the technology company's stock after purchasing an additional 10,361,617 shares during the period. FMR LLC owned approximately 3.40% of Informatica worth $268,889,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Captrust Financial Advisors boosted its holdings in Informatica by 23.7% during the third quarter. Captrust Financial Advisors now owns 8,364 shares of the technology company's stock worth $211,000 after purchasing an additional 1,604 shares during the last quarter. State Street Corp grew its stake in Informatica by 25.1% in the third quarter. State Street Corp now owns 1,051,013 shares of the technology company's stock valued at $26,570,000 after purchasing an additional 210,843 shares in the last quarter. National Bank of Canada FI raised its position in 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 acquiring an additional 1,644 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Informatica in the third quarter valued at approximately $325,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Informatica in the third quarter valued at $396,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. This represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 48.10% of the stock is owned by insiders.

Remove Ads

Informatica Trading Down 1.0 %

INFA stock traded down $0.17 during midday trading on Wednesday, hitting $17.42. The company had a trading volume of 3,413,531 shares, compared to its average volume of 2,119,710. 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 52 week low of $15.65 and a 52 week high of $36.49. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 580.86, a PEG ratio of 4.44 and a beta of 1.06. The stock's 50 day moving average price is $19.02 and its 200 day moving average price is $23.54.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings data 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 return on equity of 5.76% and a net margin of 0.61%. The business had revenue of $428.31 million during the quarter, compared to analysts' expectations of $457.55 million. As a group, equities research analysts expect that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on INFA shares. Royal Bank of Canada lowered Informatica from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $35.00 to $19.00 in a report on Friday, February 14th. Wedbush lowered shares of Informatica to a "neutral" rating in a research report on Friday, February 14th. The Goldman Sachs Group cut shares of Informatica from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $38.00 to $20.00 in a report on Friday, February 14th. DA Davidson reduced their price objective on Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Baird R W lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Friday, February 14th. Thirteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $24.15.

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.