Edgestream Partners L.P. Buys Shares of 203,054 Informatica Inc. (NYSE:INFA)

Edgestream Partners L.P. bought a new stake in Informatica Inc. (NYSE:INFA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 203,054 shares of the technology company’s stock, valued at approximately $5,265,000. Edgestream Partners L.P. owned 0.07% of Informatica at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in INFA. ORG Wealth Partners LLC bought a new stake in shares of Informatica in the fourth quarter worth about $32,000. Quarry LP bought a new stake in shares of Informatica in the third quarter worth about $38,000. National Bank of Canada FI increased its holdings in shares of Informatica by 3,288.0% in the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after acquiring an additional 1,644 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Informatica in the fourth quarter worth about $54,000. Finally, KBC Group NV grew its holdings in shares of Informatica by 69.4% during the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock worth $84,000 after buying an additional 1,325 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity

In related news, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.05, for a total transaction of $290,354.70. Following the completion of the sale, the executive vice president now directly owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the sale, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. The trade was a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

Informatica Stock Performance

INFA opened at $18.54 on Friday. Informatica Inc. has a 12-month low of $16.37 and a 12-month high of $39.80. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 618.27, a PEG ratio of 4.44 and a beta of 1.04. The business has a 50 day moving average of $23.59 and a 200-day moving average of $25.03. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The business had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. On average, equities research analysts expect that Informatica Inc. will post 0.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on INFA. Royal Bank of Canada downgraded Informatica from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $35.00 to $19.00 in a report on Friday, February 14th. Wells Fargo & Company downgraded Informatica from a “buy” rating to an “equal weight” rating in a report on Friday, February 14th. Guggenheim reiterated a “buy” rating and set a $37.00 price objective on shares of Informatica in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft downgraded Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a report on Friday, February 14th. Finally, Truist Financial reiterated a “buy” rating and set a $24.00 price objective (down from $34.00) 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.