Wellington Management Group LLP grew its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 13,155,084 shares of the technology company's stock after acquiring an additional 1,591,037 shares during the quarter. Wellington Management Group LLP owned about 4.35% of Informatica worth $341,111,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. ORG Wealth Partners LLC bought a new position in Informatica in the fourth quarter valued at approximately $32,000. Quarry LP bought a new position in shares of Informatica in the 3rd quarter valued at $38,000. National Bank of Canada FI increased its stake in shares of Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company's stock valued at $43,000 after purchasing an additional 1,644 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Informatica during the 4th quarter worth $43,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Informatica during the 4th quarter worth $54,000. 98.45% of the stock is owned by institutional investors and hedge funds.
Informatica Trading Down 1.6 %
Informatica stock traded down $0.27 during mid-day trading on Friday, hitting $16.70. 2,601,285 shares of the stock were exchanged, compared to its average volume of 2,080,181. Informatica Inc. has a 12 month low of $16.25 and a 12 month high of $39.80. 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's fifty day simple moving average is $20.57 and its two-hundred day simple moving average is $24.04. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 556.69, a PEG ratio of 4.44 and a beta of 1.06.
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). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The firm had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. Analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.
Insider Buying and Selling
In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the 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 transaction, the executive vice president now directly owns 328,799 shares in the company, valued at approximately $5,977,565.82. This represents a 3.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 48.10% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of research analysts have issued reports on INFA shares. Royal Bank of Canada cut Informatica from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Truist Financial reaffirmed a "buy" rating and set a $24.00 price target (down from $34.00) on shares of Informatica in a report on Friday, February 14th. Bank of America downgraded shares of Informatica from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Cantor Fitzgerald began coverage on shares of Informatica in a research note on Friday, January 17th. They set a "neutral" rating and a $29.00 target price on the stock. Finally, Wedbush cut Informatica to a "neutral" rating 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 MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $24.67.
Read Our Latest Report on Informatica
Informatica Profile
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Free Report)
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.
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