Nuance Investments LLC Takes $43.56 Million Position in Informatica Inc. $INFA

Nuance Investments LLC purchased a new position in shares of Informatica Inc. (NYSE:INFA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,788,876 shares of the technology company’s stock, valued at approximately $43,559,000. Informatica makes up approximately 3.4% of Nuance Investments LLC’s holdings, making the stock its 13th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amalgamated Bank boosted its holdings in Informatica by 16.9% during the 1st quarter. Amalgamated Bank now owns 4,089 shares of the technology company’s stock worth $71,000 after acquiring an additional 591 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Informatica by 4.9% during the first quarter. Bank of New York Mellon Corp now owns 458,307 shares of the technology company’s stock valued at $7,997,000 after purchasing an additional 21,257 shares in the last quarter. Arizona State Retirement System boosted its holdings in Informatica by 59.6% during the first quarter. Arizona State Retirement System now owns 29,983 shares of the technology company’s stock worth $523,000 after purchasing an additional 11,200 shares during the last quarter. New York State Common Retirement Fund increased its stake in Informatica by 7.1% in the 1st quarter. New York State Common Retirement Fund now owns 31,490 shares of the technology company’s stock valued at $550,000 after buying an additional 2,080 shares during the last quarter. Finally, CWM LLC increased its stake in Informatica by 45.4% in the 1st quarter. CWM LLC now owns 76,859 shares of the technology company’s stock valued at $1,341,000 after buying an additional 23,992 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on INFA shares. Guggenheim downgraded Informatica from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research note on Wednesday, August 6th. UBS Group boosted their price objective on Informatica from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Informatica in a research report on Wednesday, October 8th. Sixteen equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $23.67.

Insider Transactions at Informatica

In other news, insider Bruce R. Chizen sold 246,590 shares of Informatica stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $24.93, for a total value of $6,147,488.70. Following the completion of the transaction, the insider owned 368,874 shares in the company, valued at $9,196,028.82. This trade represents a 40.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald Held sold 70,212 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $24.93, for a total transaction of $1,750,385.16. Following the completion of the sale, the director directly owned 198,845 shares in the company, valued at approximately $4,957,205.85. This trade represents a 26.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 403,082 shares of company stock worth $10,034,169. Insiders own 2.80% of the company’s stock.

Informatica Price Performance

Informatica stock opened at $24.85 on Friday. The business’s 50 day simple moving average is $24.85 and its 200 day simple moving average is $23.72. Informatica Inc. has a 12 month low of $15.65 and a 12 month high of $27.88. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 1,242.87, a PEG ratio of 7.11 and a beta of 1.14. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA) last released its earnings results on Wednesday, November 5th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Informatica had a return on equity of 5.58% and a net margin of 0.62%.The business had revenue of $439.16 million during the quarter, compared to the consensus estimate of $437.21 million. During the same period last year, the business posted $0.28 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

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.