Mcmorgan & Co. LLC Acquires 10,378 Shares of Informatica Inc. (NYSE:INFA)

Mcmorgan & Co. LLC lifted its holdings in shares of Informatica Inc. (NYSE:INFA) by 6.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 161,682 shares of the technology company’s stock after acquiring an additional 10,378 shares during the quarter. Informatica makes up about 0.6% of Mcmorgan & Co. LLC’s portfolio, making the stock its 21st biggest holding. Mcmorgan & Co. LLC’s holdings in Informatica were worth $4,192,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in INFA. Wellington Management Group LLP boosted its position in Informatica by 13.8% during the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock worth $341,111,000 after purchasing an additional 1,591,037 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Informatica by 28.6% during the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock worth $281,199,000 after buying an additional 2,409,023 shares during the period. FIL Ltd grew its stake in Informatica by 0.9% in the 4th quarter. FIL Ltd now owns 10,449,229 shares of the technology company’s stock valued at $270,949,000 after buying an additional 93,685 shares during the last quarter. FMR LLC raised its holdings in Informatica by 126,639.2% in the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock valued at $268,889,000 after acquiring an additional 10,361,617 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Informatica by 16.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock worth $209,075,000 after acquiring an additional 1,168,158 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. DA Davidson lowered their target price on Informatica from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group downgraded Informatica from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $38.00 to $20.00 in a report on Friday, February 14th. Baird R W downgraded shares of Informatica from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th. Cantor Fitzgerald assumed coverage on shares of Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of 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. Thirteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.15.

Informatica Trading Up 0.8 %

Shares of INFA opened at $17.53 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $33.68. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 584.53, a PEG ratio of 4.44 and a beta of 1.06. The business’s fifty day moving average is $18.52 and its 200-day moving average is $23.39.

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

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total value 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 represents a 3.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 48.10% of the stock is owned by insiders.

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.