Sei Investments Co. Boosts Stock Position in Informatica Inc. (NYSE:INFA)

Sei Investments Co. grew its position in Informatica Inc. (NYSE:INFA - Free Report) by 23.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 472,383 shares of the technology company's stock after purchasing an additional 90,544 shares during the quarter. Sei Investments Co. owned about 0.15% of Informatica worth $12,249,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Wellington Management Group LLP boosted its position in shares of Informatica by 29.9% in the 3rd 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 in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Informatica in the fourth quarter worth about $36,236,000. JPMorgan Chase & Co. grew its stake in shares of Informatica by 826.8% during the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company's stock worth $37,519,000 after acquiring an additional 1,324,006 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Informatica by 16.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock valued at $209,075,000 after acquiring an additional 1,168,158 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Informatica by 34.5% in 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 purchasing an additional 311,003 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

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Informatica Stock Performance

Shares of NYSE:INFA traded down $0.77 during trading on Thursday, hitting $16.99. 1,658,428 shares of the stock traded hands, compared to its average volume of 2,073,351. The company has a fifty day moving average price of $20.73 and a two-hundred day moving average price of $24.12. Informatica Inc. has a 52-week low of $16.37 and a 52-week high of $39.80. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 566.36, a P/E/G ratio of 4.44 and a beta of 1.04. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

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

Analyst Ratings Changes

Several research firms have weighed in on INFA. Deutsche Bank Aktiengesellschaft downgraded shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 target price on the stock. in a research report on Friday, February 14th. Wedbush downgraded Informatica to a "neutral" rating in a research report on Friday, February 14th. Royal Bank of Canada cut Informatica from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from $35.00 to $19.00 in a research report on Friday, February 14th. Truist Financial reissued a "buy" rating and issued a $24.00 price objective (down from $34.00) on shares of Informatica in a report on Friday, February 14th. Finally, Bank of America downgraded Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Twelve 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, the company presently has an average rating of "Hold" and a consensus target price of $24.67.

Insiders Place Their Bets

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

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.