JPMorgan Chase & Co. increased its stake in Informatica Inc. (NYSE:INFA - Free Report) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,584,163 shares of the technology company's stock after purchasing an additional 100,016 shares during the period. JPMorgan Chase & Co. owned 0.52% of Informatica worth $41,077,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of INFA. ORG Wealth Partners LLC acquired a new position in shares of Informatica in the fourth quarter valued at about $32,000. Quarry LP purchased a new stake in Informatica in the third quarter valued at approximately $38,000. National Bank of Canada FI increased its holdings in 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 worth $43,000 after buying an additional 1,644 shares during the period. FNY Investment Advisers LLC purchased a new position in Informatica during the 4th quarter worth approximately $54,000. Finally, PNC Financial Services Group Inc. lifted its stake in 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 during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.
Wall Street Analysts Forecast Growth
INFA has been the topic of a number of research reports. Guggenheim reiterated a "buy" rating and issued a $37.00 price objective on shares of Informatica in a research note on Friday, January 31st. Cantor Fitzgerald began coverage on Informatica in a research report on Friday, January 17th. They set a "neutral" rating and a $29.00 price target on the stock. Wedbush cut Informatica to a "neutral" rating in a report on Friday, February 14th. Wells Fargo & Company lowered Informatica from a "buy" rating to an "equal weight" rating in a report on Friday, February 14th. Finally, Baird R W cut Informatica from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. Twelve 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, the stock has an average rating of "Hold" and a consensus target price of $24.67.
Check Out Our Latest Research Report on INFA
Insider Buying and Selling
In related news, EVP John Arthur Schweitzer sold 11,503 shares of the business's 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 completion of the sale, the executive vice president now owns 328,799 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 48.10% of the company's stock.
Informatica Stock Up 0.7 %
Shares of INFA traded up $0.13 during midday trading on Friday, hitting $17.32. The company had a trading volume of 9,639,430 shares, compared to its average volume of 2,121,145. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $39.80. The firm has a market capitalization of $5.24 billion, a P/E ratio of 577.36, a P/E/G 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 company's 50-day simple moving average is $19.35 and its 200-day simple moving average is $23.64.
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. As a group, sell-side analysts expect that Informatica Inc. will post 0.63 EPS for the current year.
Informatica Company Profile
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Free Report)
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.
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