Informatica Inc. (NYSE:INFA) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its holdings in Informatica Inc. (NYSE:INFA) by 23.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 107,444 shares of the technology company’s stock after acquiring an additional 20,410 shares during the period. LPL Financial LLC’s holdings in Informatica were worth $2,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in INFA. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 valued at $209,075,000 after purchasing an additional 1,168,158 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Informatica by 826.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock valued at $37,519,000 after purchasing an additional 1,324,006 shares during the period. Diamond Hill Capital Management Inc. bought a new position in Informatica during the 4th quarter worth $36,236,000. Geode Capital Management LLC increased its position in Informatica by 34.5% in the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock worth $30,677,000 after buying an additional 311,003 shares during the period. Finally, State Street Corp lifted its stake in Informatica by 25.1% in the third quarter. State Street Corp now owns 1,051,013 shares of the technology company’s stock valued at $26,570,000 after buying an additional 210,843 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Informatica Stock Performance

Shares of NYSE INFA opened at $17.32 on Monday. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $38.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a fifty day moving average price of $19.35 and a two-hundred day moving average price of $23.63. The firm has a market cap of $5.24 billion, a P/E ratio of 577.36, a PEG ratio of 4.44 and a beta of 1.06.

Informatica (NYSE:INFA) last announced its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate 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. Research analysts forecast that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on INFA. Truist Financial restated a “buy” rating and set a $24.00 price target (down previously from $34.00) on shares of Informatica in a research report on Friday, February 14th. UBS Group decreased their target price on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft cut Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a report on Friday, February 14th. Wells Fargo & Company downgraded Informatica from a “buy” rating to an “equal weight” rating in a research report on Friday, February 14th. Finally, Guggenheim restated a “buy” rating and issued a $37.00 target price on shares of Informatica in a research 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.67.

Insider Activity

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s 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 transaction, the executive vice president now owns 328,799 shares of the company’s stock, valued at approximately $5,977,565.82. This represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.