Russell Investments Group Ltd. Has $188,000 Holdings in Informatica Inc. (NYSE:INFA)

Russell Investments Group Ltd. lowered its stake in shares of Informatica Inc. (NYSE:INFA) by 33.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,625 shares of the technology company’s stock after selling 3,274 shares during the period. Russell Investments Group Ltd.’s holdings in Informatica were worth $188,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INFA. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Informatica by 37.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,470 shares of the technology company’s stock worth $3,761,000 after purchasing an additional 35,788 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Informatica by 1.0% in the 3rd 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. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Informatica by 73.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,075 shares of the technology company’s stock valued at $314,000 after acquiring an additional 4,685 shares in the last quarter. Tudor Investment Corp Et Al increased its position in shares of Informatica by 34.0% during the third quarter. Tudor Investment Corp Et Al now owns 183,227 shares of the technology company’s stock valued at $3,861,000 after acquiring an additional 46,520 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in Informatica during the fourth quarter worth $39,000. 98.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Informatica

In related news, EVP John Arthur Schweitzer sold 65,709 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total value of $2,105,316.36. Following the sale, the executive vice president now owns 496,854 shares in the company, valued at $15,919,202.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP John Arthur Schweitzer sold 65,709 shares of the firm’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 value of $2,105,316.36. Following the sale, the executive vice president now directly owns 496,854 shares of the company’s stock, valued at $15,919,202.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of Informatica 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 owns 150,937 shares of the company’s stock, valued at $4,836,021.48. The disclosure for this sale can be found here. Insiders sold a total of 157,604 shares of company stock valued at $5,323,297 in the last three months. Company insiders own 48.10% of the company’s stock.

Informatica Stock Down 2.3 %

Shares of NYSE INFA opened at $29.86 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The company has a market cap of $8.81 billion, a P/E ratio of -1,493.00, a P/E/G ratio of 7.51 and a beta of 1.12. Informatica Inc. has a 52 week low of $16.42 and a 52 week high of $39.80. The business has a 50-day simple moving average of $33.33 and a two-hundred day simple moving average of $30.37.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on INFA. JPMorgan Chase & Co. raised their target price on Informatica from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. UBS Group lifted 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. The Goldman Sachs Group raised shares of Informatica from a “neutral” rating to a “buy” rating and increased their target price for the company from $26.00 to $44.00 in a research report on Friday, February 16th. Guggenheim reaffirmed a “buy” rating and issued a $37.00 price target on shares of Informatica in a report on Tuesday, April 23rd. Finally, Wells Fargo & Company reduced their price objective on Informatica from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, April 23rd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Informatica currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.45.

Informatica Company 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.