Vanguard Group Inc. Buys 2,409,023 Shares of Informatica Inc. (NYSE:INFA)

Vanguard Group Inc. grew its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,844,546 shares of the technology company's stock after acquiring an additional 2,409,023 shares during the quarter. Vanguard Group Inc. owned about 3.55% of Informatica worth $281,199,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings 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 purchasing an additional 2,662,379 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of Informatica during the 4th quarter valued at $36,236,000. JPMorgan Chase & Co. boosted its stake 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 worth $37,519,000 after buying an additional 1,324,006 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Informatica by 16.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock worth $209,075,000 after acquiring an additional 1,168,158 shares during the period. Finally, Geode Capital Management LLC increased its position in Informatica by 34.5% during the third 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. Hedge funds and other institutional investors own 98.45% of the company's stock.

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Informatica Price Performance

Shares of NYSE INFA traded up $2.04 during mid-day trading on Wednesday, reaching $17.90. The company's stock had a trading volume of 6,891,765 shares, compared to its average volume of 2,105,498. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $39.80. The stock has a fifty day moving average of $19.69 and a two-hundred day moving average of $23.76. The firm has a market capitalization of $5.42 billion, a PE ratio of 596.93, a P/E/G ratio of 4.44 and a beta of 1.06.

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 for the quarter, missing the consensus estimate of $0.38 by ($0.17). The business 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%. As a group, sell-side analysts anticipate that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on INFA. Bank of America cut Informatica from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Wedbush downgraded shares of Informatica to a "neutral" rating in a report on Friday, February 14th. Royal Bank of Canada cut shares of Informatica from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from $35.00 to $19.00 in a report on Friday, February 14th. UBS Group dropped their price target on shares of Informatica from $30.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday, February 14th. Finally, The Goldman Sachs Group lowered Informatica from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $38.00 to $20.00 in a research note on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Informatica presently has a consensus rating of "Hold" and a consensus price target of $24.67.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the sale, the executive vice president now directly owns 328,799 shares in the company, valued at approximately $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 48.10% of the stock is currently owned by corporate insiders.

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.