Arrowstreet Capital Limited Partnership Acquires Shares of 103,979 Informatica Inc. (NYSE:INFA)

Arrowstreet Capital Limited Partnership acquired a new stake in Informatica Inc. (NYSE:INFA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 103,979 shares of the technology company’s stock, valued at approximately $2,696,000.

A number of other hedge funds have also recently modified their holdings of INFA. Pictet Asset Management Holding SA boosted its holdings in Informatica by 52.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company’s stock worth $184,804,000 after buying an additional 2,459,197 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Informatica in the fourth quarter worth about $43,000. Norges Bank purchased a new stake in shares of Informatica during the 4th quarter worth about $25,265,000. JPMorgan Chase & Co. grew its position in shares of Informatica by 6.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,584,163 shares of the technology company’s stock valued at $41,077,000 after acquiring an additional 100,016 shares during the period. Finally, Zions Bancorporation N.A. increased its stake in shares of Informatica by 23.6% in the 4th quarter. Zions Bancorporation N.A. now owns 95,781 shares of the technology company’s stock valued at $2,484,000 after purchasing an additional 18,260 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the firm’s stock in a transaction on 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 directly owns 328,799 shares in the company, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 48.10% of the company’s stock.

Informatica Stock Up 12.9 %

NYSE INFA opened at $17.90 on Thursday. The business’s fifty day simple moving average is $19.69 and its 200-day simple moving average is $23.76. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The firm has a market cap of $5.42 billion, a PE ratio of 596.93, 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 $39.80.

Informatica (NYSE:INFA) last posted 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 during the quarter, compared to analyst estimates of $457.55 million. As a group, equities analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on INFA. Cantor Fitzgerald began coverage on Informatica in a research report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price objective for the company. Truist Financial restated a “buy” rating and set a $24.00 price objective (down from $34.00) on shares of Informatica in a research report on Friday, February 14th. UBS Group dropped their target price on shares of 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 shares of Informatica to a “neutral” rating in a research report on Friday, February 14th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $19.00 price objective (down from $35.00) on shares of Informatica in a report on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $24.67.

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.