Ameriprise Financial Inc. Acquires 353,717 Shares of Informatica Inc. (NYSE:INFA)

Ameriprise Financial Inc. lifted its holdings in shares of Informatica Inc. (NYSE:INFA) by 47.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,096,479 shares of the technology company’s stock after purchasing an additional 353,717 shares during the quarter. Ameriprise Financial Inc.’s holdings in Informatica were worth $28,432,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC raised its holdings in Informatica by 126,639.2% during the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock valued at $268,889,000 after buying an additional 10,361,617 shares in the last quarter. Pictet Asset Management Holding SA raised its stake 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 acquiring an additional 2,459,197 shares in the last quarter. Vanguard Group Inc. raised its stake 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 in the last quarter. Wellington Management Group LLP lifted its holdings in Informatica by 13.8% in the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock worth $341,111,000 after purchasing an additional 1,591,037 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new stake in Informatica during the fourth quarter worth approximately $36,236,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $18.05, for a total value of $207,629.15. Following the completion of the transaction, the executive vice president now directly owns 416,410 shares of the company’s stock, valued at $7,516,200.50. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 48.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

INFA has been the subject of a number of analyst reports. Scotiabank boosted their price objective on shares of Informatica from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft lowered shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a research report on Friday, February 14th. UBS Group raised their price target on Informatica from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Robert W. Baird reiterated a “neutral” rating and issued a $19.00 price objective (down from $35.00) on shares of Informatica in a research note on Friday, February 14th. Finally, Royal Bank of Canada decreased their target price on Informatica from $20.00 to $19.00 and set a “sector perform” rating for the company in a research note on Thursday, May 8th. Thirteen 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 stock has a consensus rating of “Hold” and a consensus target price of $23.62.

Informatica Stock Up 0.4%

Shares of NYSE:INFA opened at $19.45 on Wednesday. The company’s fifty day moving average is $18.05 and its 200-day moving average is $22.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $31.65. The company has a market capitalization of $5.89 billion, a PE ratio of 648.55, a P/E/G ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The firm had revenue of $403.90 million for the quarter, compared to analysts’ expectations of $392.14 million. During the same period in the prior year, the firm earned $0.22 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts predict that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

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.