Healthcare of Ontario Pension Plan Trust Fund Makes New $451,000 Investment in Informatica Inc. (NYSE:INFA)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Informatica Inc. (NYSE:INFA) in the first quarter, HoldingsChannel reports. The firm purchased 12,879 shares of the technology company’s stock, valued at approximately $451,000.

A number of other hedge funds have also modified their holdings of the company. Verdence Capital Advisors LLC boosted its position in shares of Informatica by 8.9% in the first quarter. Verdence Capital Advisors LLC now owns 9,339 shares of the technology company’s stock worth $327,000 after purchasing an additional 765 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Informatica by 4.7% during the fourth quarter. Handelsbanken Fonder AB now owns 17,864 shares of the technology company’s stock worth $507,000 after acquiring an additional 800 shares during the last quarter. Quent Capital LLC boosted its position in shares of Informatica by 86.2% during the fourth quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,106 shares during the last quarter. ORG Partners LLC bought a new position in shares of Informatica during the first quarter worth $43,000. Finally, GAMMA Investing LLC bought a new position in shares of Informatica during the fourth quarter worth $39,000. 98.45% of the stock is currently owned by institutional investors.

Informatica Price Performance

Shares of NYSE:INFA opened at $23.99 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.80. Informatica Inc. has a 12 month low of $18.18 and a 12 month high of $39.80. The firm’s 50-day moving average is $28.94 and its 200 day moving average is $31.15.

Informatica (NYSE:INFA) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). Informatica had a net margin of 0.03% and a return on equity of 5.31%. The business had revenue of $388.61 million for the quarter, compared to analysts’ expectations of $384.97 million. As a group, sell-side analysts expect that Informatica Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on INFA shares. Royal Bank of Canada restated an “outperform” rating and set a $41.00 target price on shares of Informatica in a research report on Thursday, May 23rd. Guggenheim restated a “buy” rating and set a $37.00 target price on shares of Informatica in a research report on Tuesday, June 25th. Robert W. Baird assumed coverage on shares of Informatica in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 target price for the company. Finally, Wells Fargo & Company lowered their price objective on shares of Informatica from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, April 23rd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.45.

Insider Buying and Selling at Informatica

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the transaction, the chief accounting officer now owns 146,804 shares in the company, valued at $4,072,342.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Ansa Sekharan sold 95,601 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total value of $2,730,364.56. Following the completion of the sale, the executive vice president now owns 509,381 shares in the company, valued at $14,547,921.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $27.74, for a total value of $278,121.24. Following the completion of the sale, the chief accounting officer now owns 146,804 shares of the company’s stock, valued at approximately $4,072,342.96. The disclosure for this sale can be found here. Insiders sold 170,128 shares of company stock worth $4,826,124 over the last 90 days. Company insiders own 48.10% of the company’s stock.

About Informatica

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.