Norges Bank Makes New $25.27 Million Investment in Informatica Inc. (NYSE:INFA)

Norges Bank purchased a new stake in shares of Informatica Inc. (NYSE:INFA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 974,346 shares of the technology company's stock, valued at approximately $25,265,000. Norges Bank owned approximately 0.32% of Informatica at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Informatica by 6.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,584,163 shares of the technology company's stock valued at $41,077,000 after buying an additional 100,016 shares in the last quarter. Zions Bancorporation N.A. boosted its position in shares of Informatica by 23.6% in the fourth quarter. Zions Bancorporation N.A. now owns 95,781 shares of the technology company's stock valued at $2,484,000 after acquiring an additional 18,260 shares during the period. EntryPoint Capital LLC bought a new position in shares of Informatica in the fourth quarter valued at approximately $807,000. Horrell Capital Management Inc. purchased a new position in Informatica during the fourth quarter valued at approximately $4,408,000. Finally, Vanguard Group Inc. increased its holdings in Informatica by 28.6% during the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock worth $281,199,000 after acquiring an additional 2,409,023 shares during the period. 98.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group cut 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. Cantor Fitzgerald started coverage on Informatica in a research note on Friday, January 17th. They set a "neutral" rating and a $29.00 price objective for the company. Guggenheim restated a "buy" rating and set a $37.00 target price on shares of Informatica in a research report on Friday, January 31st. Royal Bank of Canada cut Informatica from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $35.00 to $19.00 in a report on Friday, February 14th. Finally, Wedbush lowered Informatica to a "neutral" rating in a report on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $24.67.

Remove Ads

Informatica Trading Up 0.7 %

Shares of Informatica stock traded up $0.13 during trading on Friday, reaching $17.32. The company's stock had a trading volume of 9,639,430 shares, compared to its average volume of 2,121,145. 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 Inc. has a 52-week low of $15.65 and a 52-week high of $39.80. The firm's 50-day moving average is $19.35 and its two-hundred day moving average is $23.64. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 577.36, a PEG ratio of 4.44 and a beta of 1.06.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $428.31 million for 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%. On average, sell-side analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current year.

Insider Buying and Selling

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction on 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 owns 328,799 shares of the company's stock, valued at $5,977,565.82. This represents a 3.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 48.10% of the stock is owned by corporate insiders.

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.