Flputnam Investment Management Co. Has $2.92 Million Stock Holdings in Informatica Inc. (NYSE:INFA)

Flputnam Investment Management Co. increased its holdings in shares of Informatica Inc. (NYSE:INFA) by 1.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 112,444 shares of the technology company’s stock after acquiring an additional 2,129 shares during the period. Flputnam Investment Management Co.’s holdings in Informatica were worth $2,916,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings 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 valued at $15,571,000 after purchasing an additional 237,876 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new position in shares of Informatica during the 3rd quarter worth approximately $2,781,000. Wellington Management Group LLP boosted its stake in Informatica by 29.9% in the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock valued at $292,339,000 after buying an additional 2,662,379 shares in the last quarter. JPMorgan Chase & Co. grew its position in Informatica by 826.8% in the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock valued at $37,519,000 after acquiring an additional 1,324,006 shares during the period. Finally, Geode Capital Management LLC raised its stake in Informatica by 34.5% during the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock worth $30,677,000 after acquiring an additional 311,003 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the transaction, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Arthur Schweitzer sold 10,734 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.05, for a total transaction of $290,354.70. Following the completion of the sale, the executive vice president now directly owns 353,778 shares of the company’s stock, valued at $9,569,694.90. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on INFA shares. Deutsche Bank Aktiengesellschaft downgraded shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a research note on Friday, February 14th. Royal Bank of Canada lowered shares of Informatica from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Robert W. Baird reaffirmed a “neutral” rating and set a $19.00 price objective (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. Guggenheim reissued a “buy” rating and issued a $37.00 target price on shares of Informatica in a report on Friday, January 31st. Finally, Wedbush cut Informatica to a “neutral” rating in a report on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.67.

Informatica Price Performance

Informatica stock opened at $19.18 on Friday. The business’s 50-day simple moving average is $24.24 and its 200 day simple moving average is $25.18. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 639.48, a P/E/G ratio of 4.44 and a beta of 0.99. Informatica Inc. has a 12-month low of $16.37 and a 12-month high of $39.80.

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

Informatica 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.