Informatica Inc. (NYSE:INFA) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. grew its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 23.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 95,781 shares of the technology company's stock after acquiring an additional 18,260 shares during the quarter. Zions Bancorporation N.A.'s holdings in Informatica were worth $2,484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in Informatica during the fourth quarter valued at $807,000. Horrell Capital Management Inc. purchased a new stake in shares of Informatica during the 4th quarter valued at about $4,408,000. Vanguard Group Inc. lifted its holdings in shares of Informatica by 28.6% in 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 last quarter. LPL Financial LLC grew its position in Informatica by 23.5% in the fourth quarter. LPL Financial LLC now owns 107,444 shares of the technology company's stock worth $2,638,000 after acquiring an additional 20,410 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Informatica during the fourth quarter worth approximately $368,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Stock Down 2.1 %

Shares of INFA stock traded down $0.39 during mid-day trading on Friday, hitting $18.12. The stock had a trading volume of 1,691,646 shares, compared to its average volume of 2,064,083. Informatica Inc. has a 12-month low of $16.37 and a 12-month high of $39.80. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The firm's 50-day moving average is $21.31 and its two-hundred day moving average is $24.33. The firm has a market capitalization of $5.48 billion, a P/E ratio of 604.03, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

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Informatica (NYSE:INFA - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) 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 the consensus estimate of $457.55 million. On average, analysts predict that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the business's stock in a transaction dated Monday, March 10th. The shares were 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 directly owns 328,799 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. 48.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on INFA shares. Truist Financial reaffirmed a "buy" rating and issued a $24.00 price objective (down from $34.00) on shares of Informatica 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 price objective for the company. The Goldman Sachs Group downgraded shares of Informatica from a "buy" rating to a "neutral" rating and reduced their target price for the company from $38.00 to $20.00 in a research note on Friday, February 14th. Wedbush cut shares of Informatica to a "neutral" rating in a research note on Friday, February 14th. Finally, 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 report on Friday, February 14th. 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.com, the company has a consensus rating of "Hold" and a consensus price target of $24.67.

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.