LPL Financial LLC Has $2.64 Million Position in Informatica Inc. (NYSE:INFA)

LPL Financial LLC grew its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 23.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,444 shares of the technology company's stock after acquiring an additional 20,410 shares during the quarter. LPL Financial LLC's holdings in Informatica were worth $2,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of INFA. ORG Wealth Partners LLC acquired a new position in shares of Informatica in the fourth quarter valued at $32,000. National Bank of Canada FI raised its stake in shares of Informatica by 3,288.0% in the 3rd 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 in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Informatica during the 4th quarter worth about $54,000. PNC Financial Services Group Inc. boosted its position in shares of Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after acquiring an additional 667 shares in the last quarter. Finally, KBC Group NV increased its stake in Informatica by 69.4% in the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after acquiring an additional 1,325 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.

Informatica Trading Up 0.5 %

Informatica stock traded up $0.09 during mid-day trading on Tuesday, hitting $17.59. The stock had a trading volume of 10,806,692 shares, compared to its average volume of 2,110,635. The stock has a 50-day simple moving average of $19.02 and a two-hundred day simple moving average of $23.54. 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 $5.32 billion, a PE ratio of 586.66, a P/E/G ratio of 4.44 and a beta of 1.06. Informatica Inc. has a 12 month low of $15.65 and a 12 month high of $36.49.

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Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 EPS 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 for the quarter, compared to analyst estimates of $457.55 million. As a group, sell-side analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Insider Transactions at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the sale, the executive vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 48.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

INFA has been the subject of a number of analyst reports. Bank of America cut shares of Informatica from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. The Goldman Sachs Group cut Informatica from a "buy" rating to a "neutral" rating and lowered their price target for the company from $38.00 to $20.00 in a research report on Friday, February 14th. Cantor Fitzgerald initiated coverage on shares of Informatica in a research note on Friday, January 17th. They issued a "neutral" rating and a $29.00 target price on the stock. Wedbush lowered shares of Informatica to a "neutral" rating in a report on Friday, February 14th. Finally, Truist Financial reissued a "buy" rating and set a $24.00 price target (down from $34.00) on shares of Informatica in a report on Friday, February 14th. Thirteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Informatica has a consensus rating of "Hold" and an average price target of $24.15.

Informatica 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.