LPL Financial LLC Purchases 9,759 Shares of Informatica Inc. $INFA

LPL Financial LLC increased its position in Informatica Inc. (NYSE:INFA) by 9.1% during the first quarter, HoldingsChannel.com reports. The firm owned 117,203 shares of the technology company’s stock after acquiring an additional 9,759 shares during the quarter. LPL Financial LLC’s holdings in Informatica were worth $1,944,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of INFA. Parallel Advisors LLC boosted its stake in Informatica by 540.4% in the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,216 shares in the last quarter. Versant Capital Management Inc boosted its stake in Informatica by 7,053.8% in the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company’s stock worth $32,000 after purchasing an additional 1,834 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Informatica by 1,545.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company’s stock worth $49,000 after purchasing an additional 2,642 shares in the last quarter. Amalgamated Bank boosted its stake in Informatica by 16.9% in the 1st quarter. Amalgamated Bank now owns 4,089 shares of the technology company’s stock worth $71,000 after purchasing an additional 591 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its stake in Informatica by 113.3% during the 1st quarter. FNY Investment Advisers LLC now owns 4,480 shares of the technology company’s stock valued at $78,000 after acquiring an additional 2,380 shares during the period. Institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling

In other Informatica news, EVP Ansa Sekharan sold 99,348 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $24.15, for a total transaction of $2,399,254.20. Following the sale, the executive vice president owned 391,959 shares in the company, valued at approximately $9,465,809.85. This trade represents a 20.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Arthur Schweitzer sold 49,104 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $24.72, for a total transaction of $1,213,850.88. Following the sale, the executive vice president owned 352,266 shares in the company, valued at approximately $8,708,015.52. The trade was a 12.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 313,580 shares of company stock worth $7,586,941. 2.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on INFA. Wells Fargo & Company upped their target price on shares of Informatica from $19.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 28th. Scotiabank upped their target price on shares of Informatica from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Thursday, May 8th. Royal Bank Of Canada set a $25.00 target price on shares of Informatica in a research note on Wednesday, May 28th. JPMorgan Chase & Co. restated a “neutral” rating and set a $25.00 target price (up previously from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Finally, UBS Group upped their target price on shares of Informatica from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Sixteen analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.67.

Informatica Price Performance

Shares of NYSE:INFA opened at $24.7250 on Thursday. The firm’s 50 day moving average price is $24.46 and its 200-day moving average price is $21.50. The stock has a market capitalization of $7.48 billion, a PE ratio of -618.13, a price-to-earnings-growth ratio of 6.67 and a beta of 1.15. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $28.14. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA) last released its earnings results on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The firm had revenue of $407.34 million for the quarter, compared to the consensus estimate of $401.76 million. During the same quarter in the previous year, the business posted $0.23 EPS. Informatica’s revenue was up 1.7% on a year-over-year basis. Equities research analysts expect that Informatica Inc. will post 0.63 EPS for the current year.

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.