ClariVest Asset Management LLC Cuts Holdings in Informatica Inc. (NYSE:INFA)

ClariVest Asset Management LLC reduced its position in Informatica Inc. (NYSE:INFA) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,730 shares of the technology company’s stock after selling 507 shares during the period. ClariVest Asset Management LLC’s holdings in Informatica were worth $1,690,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INFA. Verdence Capital Advisors LLC grew its stake in shares of Informatica by 8.9% in the 1st quarter. Verdence Capital Advisors LLC now owns 9,339 shares of the technology company’s stock worth $327,000 after buying an additional 765 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in Informatica in the second quarter worth about $32,000. ORG Partners LLC purchased a new position in Informatica in the first quarter worth about $43,000. Renaissance Capital LLC increased its stake in Informatica by 5.1% during the first quarter. Renaissance Capital LLC now owns 28,526 shares of the technology company’s stock worth $998,000 after acquiring an additional 1,373 shares during the last quarter. Finally, Quarry LP raised its position in Informatica by 186.9% during the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after purchasing an additional 1,482 shares during the period. 98.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on INFA. The Goldman Sachs Group dropped their target price on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Wells Fargo & Company lowered their target price on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Scotiabank dropped their price target on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Finally, Robert W. Baird reduced their price objective on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Informatica has an average rating of “Moderate Buy” and an average target price of $32.55.

Informatica Stock Performance

Shares of NYSE:INFA opened at $25.50 on Thursday. The firm’s 50 day simple moving average is $25.21 and its 200-day simple moving average is $29.65. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.03 and a current ratio of 2.03. Informatica Inc. has a one year low of $18.71 and a one year high of $39.80. The firm has a market cap of $7.52 billion, a PE ratio of -1,275.00, a price-to-earnings-growth ratio of 4.87 and a beta of 1.06.

Informatica (NYSE:INFA) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The company had revenue of $400.63 million for the quarter, compared to the consensus estimate of $402.97 million. During the same period last year, the business posted $0.02 EPS. Informatica’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities analysts predict that Informatica Inc. will post 0.5 EPS for the current year.

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 64,501 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the transaction, the executive vice president now directly owns 437,348 shares in the company, valued at approximately $12,324,466.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.74, for a total value of $278,121.24. Following the completion of the transaction, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at approximately $4,072,342.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 64,501 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $28.18, for a total value of $1,817,638.18. Following the sale, the executive vice president now owns 437,348 shares of the company’s stock, valued at $12,324,466.64. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by corporate insiders.

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.