Schroder Investment Management Group Boosts Stock Holdings in Informatica Inc. (NYSE:INFA)

Schroder Investment Management Group boosted its position in Informatica Inc. (NYSE:INFA) by 63.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,662,332 shares of the technology company’s stock after buying an additional 642,396 shares during the quarter. Schroder Investment Management Group owned approximately 0.54% of Informatica worth $43,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Informatica by 62.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock worth $15,571,000 after purchasing an additional 237,876 shares during the period. Quantbot Technologies LP bought a new position in Informatica in the 3rd quarter worth approximately $232,000. FMR LLC boosted its holdings in Informatica by 555.6% in the 3rd quarter. FMR LLC now owns 8,182 shares of the technology company’s stock worth $207,000 after buying an additional 6,934 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Informatica by 3,143.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,275 shares of the technology company’s stock valued at $538,000 after buying an additional 20,619 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Informatica by 20.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,907 shares of the technology company’s stock valued at $427,000 after acquiring an additional 2,867 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Informatica Price Performance

Shares of NYSE:INFA opened at $17.68 on Wednesday. The company’s fifty day moving average price is $21.02 and its 200-day moving average price is $24.21. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 589.43, a PEG ratio of 4.44 and a beta of 1.04. Informatica Inc. has a one year low of $16.37 and a one year high of $39.80.

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

Analyst Ratings Changes

INFA has been the subject of a number of analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $24.00 price target (down from $34.00) on shares of Informatica in a report on Friday, February 14th. Royal Bank of Canada downgraded Informatica from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $35.00 to $19.00 in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft lowered Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a report on Friday, February 14th. Cantor Fitzgerald started coverage on shares of Informatica in a report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target on the stock. Finally, The Goldman Sachs Group cut shares of Informatica from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $20.00 in a research note on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Informatica presently has a consensus rating of “Hold” and a consensus target price of $24.67.

Insider Activity at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the sale, the executive vice president now owns 328,799 shares of the company’s stock, valued at approximately $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 accessible through this link. 48.10% of the stock is currently owned by insiders.

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.