Informatica Inc. (NYSE:INFA) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its position in Informatica Inc. (NYSE:INFA) by 58.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,633 shares of the technology company’s stock after selling 28,104 shares during the period. Public Employees Retirement System of Ohio’s holdings in Informatica were worth $414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Informatica by 1.0% in the third quarter. Vanguard Group Inc. now owns 4,209,875 shares of the technology company’s stock worth $88,702,000 after buying an additional 42,582 shares during the last quarter. Comerica Bank purchased a new position in shares of Informatica in the third quarter worth $1,067,000. Tudor Investment Corp Et Al raised its holdings in shares of Informatica by 34.0% in the third quarter. Tudor Investment Corp Et Al now owns 183,227 shares of the technology company’s stock worth $3,861,000 after buying an additional 46,520 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Informatica by 32.5% in the third quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company’s stock worth $25,525,000 after buying an additional 297,289 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Informatica by 85.4% in the third quarter. Lazard Asset Management LLC now owns 3,051 shares of the technology company’s stock worth $64,000 after buying an additional 1,405 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Informatica Stock Performance

Informatica stock opened at $35.51 on Thursday. The firm has a 50 day simple moving average of $32.26 and a 200-day simple moving average of $26.97. Informatica Inc. has a 1-year low of $13.29 and a 1-year high of $36.81. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of -77.20, a price-to-earnings-growth ratio of 7.71 and a beta of 1.07.

Informatica (NYSE:INFA) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. The firm had revenue of $445.18 million during the quarter, compared to analysts’ expectations of $431.51 million. On average, analysts expect that Informatica Inc. will post 0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Informatica from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. The Goldman Sachs Group upgraded shares of Informatica from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $44.00 in a research report on Friday, February 16th. Scotiabank upped their price objective on shares of Informatica from $21.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 7th. UBS Group upped their price objective on shares of Informatica from $27.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, Citigroup upped their price objective on shares of Informatica from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.63.

Insider Activity at Informatica

In other news, EVP John Arthur Schweitzer sold 5,952 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $33.87, for a total transaction of $201,594.24. Following the completion of the transaction, the executive vice president now directly owns 490,902 shares in the company, valued at $16,626,850.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total transaction of $321,233.04. Following the sale, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at approximately $4,836,021.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Arthur Schweitzer sold 5,952 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $33.87, for a total transaction of $201,594.24. Following the completion of the transaction, the executive vice president now directly owns 490,902 shares of the company’s stock, valued at approximately $16,626,850.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,683 shares of company stock worth $5,564,047. Insiders own 53.90% of the company’s stock.

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.