Strs Ohio Invests $1.24 Million in Informatica Inc. (NYSE:INFA)

Strs Ohio purchased a new position in Informatica Inc. (NYSE:INFA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,554 shares of the technology company’s stock, valued at approximately $1,236,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new position in Informatica during the 4th quarter worth $46,000. Quent Capital LLC increased its holdings in shares of Informatica by 86.2% in the 4th quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,106 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Informatica by 4.7% in the 3rd quarter. Victory Capital Management Inc. now owns 12,600 shares of the technology company’s stock valued at $265,000 after acquiring an additional 562 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Informatica in the 3rd quarter valued at $340,000. Finally, Handelsbanken Fonder AB increased its holdings in shares of Informatica by 33.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 17,064 shares of the technology company’s stock valued at $360,000 after acquiring an additional 4,264 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Informatica

In related news, CEO Amit Walia sold 85,996 shares of Informatica stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $34.14, for a total value of $2,935,903.44. Following the completion of the transaction, the chief executive officer now owns 2,537,995 shares in the company, valued at approximately $86,647,149.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Informatica news, CEO Amit Walia sold 85,996 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the completion of the sale, the chief executive officer now directly owns 2,537,995 shares in the company, valued at approximately $86,647,149.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John Arthur Schweitzer sold 5,952 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $33.87, for a total value of $201,594.24. Following the sale, the executive vice president now owns 490,902 shares of the company’s stock, valued at $16,626,850.74. The disclosure for this sale can be found here. Insiders sold a total of 243,600 shares of company stock worth $8,259,201 in the last 90 days. Corporate insiders own 53.90% of the company’s stock.

Informatica Stock Performance

NYSE INFA opened at $31.49 on Tuesday. The stock has a 50-day simple moving average of $34.24 and a two-hundred day simple moving average of $28.85. The firm has a market capitalization of $9.29 billion, a P/E ratio of -68.46, a PEG ratio of 7.49 and a beta of 1.08. Informatica Inc. has a fifty-two week low of $13.29 and a fifty-two week high of $39.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.66 and a current ratio of 1.66.

Informatica (NYSE:INFA) last announced 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 business had revenue of $445.18 million during the quarter, compared to analysts’ expectations of $431.51 million. On average, equities analysts forecast that Informatica Inc. will post 0.56 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $41.00 price target on shares of Informatica in a report on Monday, April 15th. The Goldman Sachs Group raised Informatica from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $44.00 in a research report on Friday, February 16th. Robert W. Baird started coverage on Informatica in a research report on Tuesday, April 2nd. They issued an “outperform” rating and a $43.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Informatica from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Finally, UBS Group raised their price objective on Informatica from $27.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.78.

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.