Grantham Mayo Van Otterloo & Co. LLC Makes New $13.78 Million Investment in Informatica Inc. $INFA

Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Informatica Inc. (NYSE:INFA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 566,039 shares of the technology company’s stock, valued at approximately $13,783,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Informatica in the 2nd quarter worth about $31,000. New Age Alpha Advisors LLC increased its holdings in Informatica by 51.5% during the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company’s stock valued at $44,000 after acquiring an additional 862 shares in the last quarter. IFP Advisors Inc acquired a new position in Informatica during the second quarter worth about $50,000. Deutsche Bank AG lifted its holdings in shares of Informatica by 126.1% in the first quarter. Deutsche Bank AG now owns 2,976 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,660 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of Informatica by 11.9% in the second quarter. Amalgamated Bank now owns 4,577 shares of the technology company’s stock valued at $111,000 after purchasing an additional 488 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insiders Place Their Bets

In other Informatica news, CAO Francis R. Santiago sold 16,790 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $24.78, for a total value of $416,056.20. Following the sale, the chief accounting officer directly owned 43,851 shares of the company’s stock, valued at approximately $1,086,627.78. This trade represents a 27.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the insider owned 368,874 shares of the company’s stock, valued at $9,196,028.82. This trade represents a 40.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 353,978 shares of company stock valued at $8,820,318. 2.80% of the stock is owned by corporate insiders.

Informatica Stock Performance

Shares of NYSE INFA opened at $24.79 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.16 and a current ratio of 2.16. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $27.88. The firm’s 50 day moving average price is $24.84 and its 200 day moving average price is $24.31.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Informatica had a return on equity of 5.51% and a net margin of 0.62%.The company had revenue of $439.16 million for the quarter, compared to analyst estimates of $437.21 million. During the same quarter in the prior year, the company posted $0.28 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts forecast that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INFA has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Informatica in a research note on Thursday, November 13th. Guggenheim cut Informatica from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Wednesday, August 6th. Finally, UBS Group boosted their price target on Informatica from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Sixteen analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $23.67.

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.