Lbp Am Sa Boosts Holdings in Informatica Inc. (NYSE:INFA)

Lbp Am Sa raised its stake in shares of Informatica Inc. (NYSE:INFA) by 44.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 609,932 shares of the technology company’s stock after purchasing an additional 188,879 shares during the period. Lbp Am Sa owned 0.20% of Informatica worth $15,816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Informatica by 62.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock worth $15,571,000 after buying an additional 237,876 shares in the last quarter. Summit Partners Public Asset Management LLC purchased a new position in shares of Informatica in the third quarter worth about $2,781,000. Wellington Management Group LLP lifted its stake in shares of Informatica by 29.9% in the third quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after buying an additional 2,662,379 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Informatica by 826.8% in the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock worth $37,519,000 after buying an additional 1,324,006 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Informatica by 34.5% in the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock worth $30,677,000 after buying an additional 311,003 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Informatica

In related news, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the completion of the transaction, the chief accounting officer now owns 138,477 shares in the company, valued at approximately $3,747,187.62. The trade was a 6.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction that occurred on Monday, March 10th. The shares were 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 owns 328,799 shares of the company’s stock, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,272 shares of company stock worth $771,026. Corporate insiders own 48.10% of the company’s stock.

Informatica Price Performance

Shares of INFA opened at $17.40 on Friday. Informatica Inc. has a 1-year low of $16.37 and a 1-year high of $39.80. The stock has a market cap of $5.26 billion, a PE ratio of 580.06, a P/E/G ratio of 4.44 and a beta of 1.05. The firm has a 50-day simple moving average of $22.97 and a two-hundred day simple moving average of $24.86. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on INFA shares. Bank of America downgraded shares of Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Royal Bank of Canada downgraded shares of Informatica from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $35.00 to $19.00 in a research note on Friday, February 14th. Wedbush cut shares of Informatica to a “neutral” rating in a research report on Friday, February 14th. Robert W. Baird restated a “neutral” rating and set a $19.00 price objective (down from $35.00) on shares of Informatica in a research report on Friday, February 14th. Finally, Cantor Fitzgerald started coverage on shares of Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 price objective for the company. Twelve 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, the company currently has a consensus rating of “Hold” and a consensus target price of $24.67.

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.