Quantbot Technologies LP Acquires 111,205 Shares of Informatica Inc. (NYSE:INFA)

Quantbot Technologies LP boosted its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 1,213.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,367 shares of the technology company's stock after purchasing an additional 111,205 shares during the period. Quantbot Technologies LP's holdings in Informatica were worth $3,121,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in INFA. Wellington Management Group LLP boosted its stake in shares of Informatica by 29.9% during the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company's stock valued at $292,339,000 after buying an additional 2,662,379 shares during the period. Diamond Hill Capital Management Inc. acquired a new stake in Informatica during the fourth quarter valued at $36,236,000. JPMorgan Chase & Co. boosted its position in Informatica by 826.8% during the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company's stock valued at $37,519,000 after purchasing an additional 1,324,006 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Informatica by 16.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock valued at $209,075,000 after purchasing an additional 1,168,158 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Informatica by 34.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company's stock worth $30,677,000 after purchasing an additional 311,003 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

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Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the company'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 value of $209,124.54. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 48.10% of the company's stock.

Informatica Stock Performance

Shares of NYSE INFA traded down $0.23 during trading hours on Thursday, hitting $18.53. 1,983,353 shares of the company's stock were exchanged, compared to its average volume of 2,030,529. The company's 50-day moving average price is $21.55 and its 200-day moving average price is $24.42. Informatica Inc. has a 1-year low of $16.37 and a 1-year high of $39.80. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 617.71, a PEG ratio of 4.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). The business had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. On average, sell-side analysts expect that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INFA has been the subject of several research reports. Wedbush lowered Informatica to a "neutral" rating in a report on Friday, February 14th. Royal Bank of Canada downgraded shares of Informatica from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $35.00 to $19.00 in a research report on Friday, February 14th. Baird R W lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 14th. UBS Group reduced their price objective on shares of Informatica from $30.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday, February 14th. Finally, Cantor Fitzgerald began coverage on shares of Informatica in a research report on Friday, January 17th. They set a "neutral" rating and a $29.00 target price on the stock. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $24.67.

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.