27,106 Shares in Informatica Inc. (NYSE:INFA) Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new stake in shares of Informatica Inc. (NYSE:INFA - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 27,106 shares of the technology company's stock, valued at approximately $685,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Informatica by 11.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company's stock valued at $201,000 after acquiring an additional 810 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Informatica by 4.3% in the second quarter. The Manufacturers Life Insurance Company now owns 21,824 shares of the technology company's stock valued at $674,000 after purchasing an additional 902 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of Informatica in the second quarter valued at $32,000. Amalgamated Bank lifted its holdings in shares of Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company's stock valued at $108,000 after purchasing an additional 1,037 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in shares of Informatica in the first quarter valued at $43,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Insiders Place Their Bets

In other news, EVP John Arthur Schweitzer sold 8,501 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the sale, the executive vice president now directly owns 393,686 shares of the company's stock, valued at approximately $10,535,037.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Mark Pellowski sold 10,026 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the sale, the chief accounting officer now directly owns 142,671 shares of the company's stock, valued at approximately $3,817,875.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Arthur Schweitzer sold 8,501 shares of Informatica stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the sale, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 48.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on INFA. The Goldman Sachs Group reduced their target price on Informatica from $44.00 to $38.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. Scotiabank reduced their target price on Informatica from $33.00 to $27.00 and set a "sector perform" rating for the company in a report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their target price on Informatica from $38.00 to $34.00 and set an "overweight" rating for the company in a report on Friday. Robert W. Baird cut their price objective on Informatica from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, July 31st. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $35.00 price objective on shares of Informatica in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.18.

Informatica Stock Up 0.3 %

Informatica stock traded up $0.07 during mid-day trading on Friday, hitting $26.72. 1,164,006 shares of the company's stock were exchanged, compared to its average volume of 1,667,728. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. The stock has a market cap of $7.88 billion, a P/E ratio of -1,350.00, a P/E/G ratio of 5.20 and a beta of 1.06. Informatica Inc. has a 1-year low of $18.71 and a 1-year high of $39.80. The stock has a 50 day moving average of $25.30 and a two-hundred day moving average of $27.85.

Informatica (NYSE:INFA - Get Free Report) last posted its earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $400.63 million for the quarter, compared to the consensus estimate of $402.97 million. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 earnings per share. As a group, analysts anticipate that Informatica Inc. will post 0.5 EPS 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.