Informatica Inc. (NYSE:INFA) Shares Acquired by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC boosted its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 160.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 239,164 shares of the technology company's stock after purchasing an additional 147,415 shares during the quarter. Quinn Opportunity Partners LLC owned about 0.08% of Informatica worth $6,202,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of INFA. Wellington Management Group LLP lifted its holdings in shares of Informatica by 13.8% in the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock valued at $341,111,000 after acquiring an additional 1,591,037 shares during the last quarter. Vanguard Group Inc. raised 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 valued at $281,199,000 after buying an additional 2,409,023 shares during the period. FIL Ltd lifted its holdings in shares of Informatica by 0.9% in the 4th quarter. FIL Ltd now owns 10,449,229 shares of the technology company's stock worth $270,949,000 after acquiring an additional 93,685 shares during the last quarter. FMR LLC grew its holdings in Informatica by 126,639.2% during the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock valued at $268,889,000 after purchasing an additional 10,361,617 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted 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 worth $209,075,000 after purchasing an additional 1,168,158 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

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Analyst Ratings Changes

INFA has been the subject of several research analyst reports. Wells Fargo & Company downgraded Informatica from a "buy" rating to an "equal weight" rating in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft downgraded shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 target price on the stock. in a research note on Friday, February 14th. Wedbush lowered Informatica to a "neutral" rating in a report on Friday, February 14th. Guggenheim reaffirmed a "buy" rating and set a $37.00 target price on shares of Informatica in a research report on Friday, January 31st. Finally, Royal Bank of Canada downgraded 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. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $24.15.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated 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 in the company, valued at $5,977,565.82. The trade was a 3.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 48.10% of the stock is currently owned by company insiders.

Informatica Stock Up 0.5 %

INFA traded up $0.09 during trading on Tuesday, hitting $17.59. The stock had a trading volume of 10,806,689 shares, compared to its average volume of 2,139,725. The stock has a 50 day simple moving average of $19.18 and a two-hundred day simple moving average of $23.58. The company has a market capitalization of $5.32 billion, a PE ratio of 586.66, a PEG 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. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $38.00.

Informatica (NYSE:INFA - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business had revenue of $428.31 million for the quarter, compared to analysts' expectations of $457.55 million. On average, research analysts predict 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.