Teacher Retirement System of Texas Sells 2,570,488 Shares of Informatica Inc. (NYSE:INFA)

Teacher Retirement System of Texas decreased its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 97.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,676 shares of the technology company's stock after selling 2,570,488 shares during the quarter. Teacher Retirement System of Texas' holdings in Informatica were worth $1,910,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. ORG Wealth Partners LLC acquired a new position in Informatica during the 4th quarter worth $32,000. Quarry LP bought a new position in shares of Informatica during the third quarter worth about $38,000. National Bank of Canada FI raised its stake in Informatica by 3,288.0% during the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company's stock valued at $43,000 after buying an additional 1,644 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Informatica during the fourth quarter valued at approximately $54,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after buying an additional 667 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Informatica Stock Down 3.7 %

INFA stock traded down $0.68 during mid-day trading on Monday, hitting $17.44. The stock had a trading volume of 2,274,893 shares, compared to its average volume of 2,064,923. Informatica Inc. has a 1-year low of $16.37 and a 1-year high of $39.80. The company has a fifty day moving average of $21.17 and a 200 day moving average of $24.27. 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 stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 581.36, a PEG ratio of 4.44 and a beta of 1.04.

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

Insiders Place Their Bets

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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 48.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on INFA shares. Guggenheim reissued a "buy" rating and set a $37.00 price target on shares of Informatica in a research report on Friday, January 31st. Truist Financial reissued a "buy" rating and set a $24.00 target price (down from $34.00) on shares of Informatica in a report on Friday, February 14th. Cantor Fitzgerald began coverage on shares of Informatica in a report on Friday, January 17th. They issued a "neutral" rating and a $29.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 price objective on the stock. in a research note on Friday, February 14th. Finally, Robert W. Baird restated a "neutral" rating and issued a $19.00 target price (down from $35.00) on shares of Informatica in a research note on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Informatica has an average 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.