Zions Bancorporation N.A. Raises Position in Informatica Inc. (NYSE:INFA)

Zions Bancorporation N.A. raised its stake in shares of Informatica Inc. (NYSE:INFA) by 23.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,781 shares of the technology company’s stock after purchasing an additional 18,260 shares during the quarter. Zions Bancorporation N.A.’s holdings in Informatica were worth $2,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of INFA. PNC Financial Services Group Inc. lifted its holdings in shares of Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock worth $66,000 after acquiring an additional 667 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in shares of Informatica in the 4th quarter worth about $32,000. KBC Group NV increased its position in shares of Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after purchasing an additional 1,325 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Informatica by 30.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company’s stock valued at $159,000 after buying an additional 1,437 shares in the last quarter. Finally, Cooper Financial Group lifted its position in Informatica by 6.6% in the 4th quarter. Cooper Financial Group now owns 24,236 shares of the technology company’s stock worth $628,000 after buying an additional 1,504 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the sale, the executive vice president now owns 328,799 shares of the company’s stock, valued at $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 48.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

INFA has been the topic of several research reports. Baird R W downgraded shares of Informatica from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th. The Goldman Sachs Group downgraded shares of Informatica from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $38.00 to $20.00 in a research note on Friday, February 14th. Cantor Fitzgerald assumed coverage on Informatica in a research note on Friday, January 17th. They set a “neutral” rating and a $29.00 price objective on the stock. Wedbush lowered Informatica to a “neutral” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company cut Informatica from a “buy” rating to an “equal weight” rating in a report on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $24.67.

Informatica Stock Performance

NYSE:INFA opened at $18.83 on Wednesday. The firm’s fifty day simple moving average is $21.66 and its 200 day simple moving average is $24.46. Informatica Inc. has a twelve month low of $16.37 and a twelve month high of $39.80. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock has a market cap of $5.70 billion, a P/E ratio of 627.88, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA) last released its quarterly earnings results 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). The company had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. As a group, research analysts predict that Informatica Inc. will post 0.63 EPS for the current year.

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.