Marshall Wace LLP Buys 192,906 Shares of Informatica Inc. (NYSE:INFA)

Marshall Wace LLP boosted its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 159.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 313,883 shares of the technology company's stock after acquiring an additional 192,906 shares during the period. Marshall Wace LLP owned 0.10% of Informatica worth $8,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Walleye Capital LLC purchased a new position in shares of Informatica during the fourth quarter valued at about $3,721,000. Harber Asset Management LLC bought a new position in Informatica during the fourth quarter valued at approximately $11,320,000. Mariner LLC grew its holdings in Informatica by 44.5% during the 4th quarter. Mariner LLC now owns 19,089 shares of the technology company's stock valued at $495,000 after buying an additional 5,883 shares in the last quarter. Barclays PLC increased its stake in Informatica by 5.1% in the 4th quarter. Barclays PLC now owns 71,959 shares of the technology company's stock worth $1,866,000 after acquiring an additional 3,497 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Informatica by 98.6% during the 4th quarter. Sterling Capital Management LLC now owns 4,838 shares of the technology company's stock worth $125,000 after acquiring an additional 2,402 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the company's stock in a transaction dated 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 directly owns 328,799 shares of the company's stock, valued at $5,977,565.82. This represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 48.10% of the stock is owned by insiders.

Analysts Set New Price Targets

INFA has been the topic of several research reports. Wedbush cut shares of Informatica to a "neutral" rating in a research report on Friday, February 14th. Baird R W downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Friday, February 14th. UBS Group lowered their price target on shares of Informatica from $30.00 to $19.00 and set a "neutral" rating for the company in a report on Friday, February 14th. Royal Bank of Canada lowered Informatica from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $35.00 to $19.00 in a research report on Friday, February 14th. Finally, Truist Financial restated a "buy" rating and set a $24.00 price objective (down from $34.00) on shares of Informatica 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. Based on data from MarketBeat, Informatica presently has a consensus rating of "Hold" and an average target price of $24.15.

Informatica Stock Up 2.1 %

Shares of INFA opened at $17.21 on Wednesday. The firm has a fifty day moving average price of $18.18 and a 200-day moving average price of $23.29. 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 firm has a market capitalization of $5.21 billion, a P/E ratio of 573.69, 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 $32.54.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). The company had revenue of $428.31 million during the quarter, compared to analysts' expectations of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. Equities research analysts expect that Informatica Inc. will post 0.63 earnings per share for the current year.

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.

Want to see what other hedge funds are holding INFA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Informatica Inc. (NYSE:INFA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.