Invesco Ltd. Boosts Stake in Informatica Inc. (NYSE:INFA)

Invesco Ltd. increased its stake in Informatica Inc. (NYSE:INFA - Free Report) by 16.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,626,600 shares of the technology company's stock after purchasing an additional 367,272 shares during the period. Invesco Ltd. owned 0.86% of Informatica worth $68,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Informatica by 13.8% in the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock valued at $341,111,000 after buying an additional 1,591,037 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Informatica by 28.6% in the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after buying an additional 2,409,023 shares in the last quarter. FMR LLC raised its stake in shares of Informatica by 126,639.2% during the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock worth $268,889,000 after buying an additional 10,361,617 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Informatica by 16.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock valued at $209,075,000 after buying an additional 1,168,158 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in Informatica by 52.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock valued at $184,804,000 after acquiring an additional 2,459,197 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

Insider Activity

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction that occurred on Monday, March 10th. The stock was 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 of the company's stock, valued at $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 SEC, which is available at this hyperlink. Company insiders own 48.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Guggenheim restated a "buy" rating and set a $37.00 price objective on shares of Informatica in a research report on Friday, January 31st. Robert W. Baird reiterated a "neutral" rating and issued a $19.00 price objective (down from $35.00) on shares of Informatica in a report on Friday, February 14th. Bank of America lowered Informatica from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Wedbush cut shares of Informatica to a "neutral" rating in a research note on Friday, February 14th. Finally, Baird R W cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Informatica has an average rating of "Hold" and a consensus target price of $24.15.

Informatica Stock Up 0.8 %

INFA stock traded up $0.14 during mid-day trading on Friday, reaching $17.53. The company had a trading volume of 3,597,657 shares, compared to its average volume of 2,121,005. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $35.92. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 584.53, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a fifty day simple moving average of $18.69 and a 200 day simple moving average of $23.44.

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 analysts' consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm had revenue of $428.31 million during the quarter, compared to analysts' expectations of $457.55 million. Analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

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.