New York State Common Retirement Fund Sells 3,800 Shares of Informatica Inc. (NYSE:INFA)

New York State Common Retirement Fund cut its stake in shares of Informatica Inc. (NYSE:INFA) by 11.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,410 shares of the technology company’s stock after selling 3,800 shares during the quarter. New York State Common Retirement Fund’s holdings in Informatica were worth $763,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings 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 valued at $292,339,000 after acquiring an additional 2,662,379 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Informatica by 16.6% during 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 buying an additional 1,168,158 shares during the period. JPMorgan Chase & Co. lifted its holdings in Informatica by 826.8% during the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock worth $37,519,000 after buying an additional 1,324,006 shares during the period. Geode Capital Management LLC boosted its position in Informatica by 34.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock valued at $30,677,000 after acquiring an additional 311,003 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Informatica by 25.1% in the 3rd quarter. State Street Corp now owns 1,051,013 shares of the technology company’s stock valued at $26,570,000 after acquiring an additional 210,843 shares during the period. Institutional investors own 98.45% of the company’s stock.

Informatica Trading Down 2.7 %

Informatica stock opened at $18.64 on Tuesday. The stock has a 50-day moving average price of $24.24 and a 200 day moving average price of $25.20. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 621.54, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. Informatica Inc. has a 52 week low of $16.37 and a 52 week 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.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The firm had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. Sell-side analysts anticipate that Informatica Inc. will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on INFA shares. Wells Fargo & Company lowered shares of Informatica from a “buy” rating to an “equal weight” rating in a research note on Friday, February 14th. UBS Group reduced their price target on Informatica from $30.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, February 14th. Wedbush downgraded Informatica to a “neutral” rating in a research note on Friday, February 14th. Royal Bank of Canada lowered Informatica from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Finally, Guggenheim reissued a “buy” rating and issued a $37.00 price target on shares of Informatica in a report on Friday, January 31st. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.67.

Insider Buying and Selling

In other Informatica news, EVP John Arthur Schweitzer sold 10,734 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.05, for a total value of $290,354.70. Following the completion of the transaction, the executive vice president now owns 353,778 shares in the company, valued at approximately $9,569,694.90. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mark Pellowski sold 10,035 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the sale, the chief accounting officer now owns 138,477 shares in the company, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by insiders.

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.