Trexquant Investment LP Grows Stock Position in Informatica Inc. (NYSE:INFA)

Trexquant Investment LP grew its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 554.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 139,070 shares of the technology company's stock after acquiring an additional 117,825 shares during the quarter. Trexquant Investment LP's holdings in Informatica were worth $3,606,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in INFA. Wellington Management Group LLP grew its stake in shares of Informatica by 29.9% in the third quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company's stock worth $292,339,000 after acquiring an additional 2,662,379 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Informatica by 52.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock valued at $184,804,000 after purchasing an additional 2,459,197 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 2,409,023 shares during the period. Diamond Hill Capital Management Inc. bought a new stake in shares of Informatica during the 4th quarter valued at $36,236,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Informatica by 826.8% in the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company's stock valued at $37,519,000 after acquiring an additional 1,324,006 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

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Informatica Stock Performance

Shares of NYSE INFA traded up $0.13 during midday trading on Friday, reaching $17.32. 9,639,430 shares of the stock were exchanged, 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. The firm has a 50-day simple moving average of $19.35 and a two-hundred day simple moving average of $23.64. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $39.80. The firm 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 released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The firm had revenue of $428.31 million during the quarter, compared to analysts' expectations of $457.55 million. As a group, analysts anticipate that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on INFA. Bank of America cut shares of Informatica from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Royal Bank of Canada downgraded shares of Informatica from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $35.00 to $19.00 in a research note on Friday, February 14th. Cantor Fitzgerald assumed coverage on Informatica in a research report on Friday, January 17th. They set a "neutral" rating and a $29.00 price target on the stock. Wedbush lowered Informatica to a "neutral" rating in a report on Friday, February 14th. Finally, Guggenheim reiterated a "buy" rating and set a $37.00 price objective on shares of Informatica in a research note on Friday, January 31st. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Informatica has an average rating of "Hold" and a consensus price target of $24.67.

Insider Activity

In other news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction 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 sale, the executive vice president now directly owns 328,799 shares of the company's stock, valued at approximately $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 48.10% of the company's stock.

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.