Alliancebernstein L.P. Has $1.08 Million Stock Position in Informatica Inc. (NYSE:INFA)

Alliancebernstein L.P. boosted its stake in Informatica Inc. (NYSE:INFA) by 23.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,575 shares of the technology company’s stock after purchasing an additional 7,813 shares during the quarter. Alliancebernstein L.P.’s holdings in Informatica were worth $1,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA raised its position in shares of Informatica by 52.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company’s stock valued at $184,804,000 after buying an additional 2,459,197 shares in the last quarter. Vanguard Group Inc. boosted its holdings 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 in the last quarter. Wellington Management Group LLP grew its position in Informatica by 13.8% during the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock worth $341,111,000 after acquiring an additional 1,591,037 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of Informatica during the fourth quarter worth about $36,236,000. Finally, JPMorgan Chase & Co. increased its stake 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 buying an additional 1,324,006 shares during the period. Institutional investors own 98.45% of the company’s stock.

Informatica Trading Up 0.8 %

Shares of Informatica stock opened at $17.53 on Friday. 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 market capitalization of $5.30 billion, a P/E ratio of 584.53, a P/E/G ratio of 4.44 and a beta of 1.06. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $35.92. The stock’s 50-day simple moving average is $18.69 and its 200 day simple moving average is $23.44.

Informatica (NYSE:INFA) last posted its quarterly 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). The business had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. As a group, research analysts anticipate that Informatica Inc. will post 0.63 EPS for the current year.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the transaction, the executive vice president now owns 328,799 shares of the company’s stock, valued at $5,977,565.82. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 48.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on INFA. Truist Financial reiterated a “buy” rating and issued 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 Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, February 14th. Wedbush cut shares of Informatica to a “neutral” rating in a research report on Friday, February 14th. Royal Bank of Canada lowered shares of Informatica from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $35.00 to $19.00 in a research note on Friday, February 14th. Finally, DA Davidson reduced their price objective on Informatica from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.15.

Informatica 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.