Lecap Asset Management Ltd. Buys Shares of 27,106 Informatica Inc. (NYSE:INFA)

Lecap Asset Management Ltd. bought a new stake in shares of Informatica Inc. (NYSE:INFA) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,106 shares of the technology company’s stock, valued at approximately $685,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INFA. First Horizon Advisors Inc. acquired a new stake in shares of Informatica in the 2nd quarter worth approximately $32,000. ORG Partners LLC acquired a new stake in shares of Informatica in the 1st quarter worth approximately $43,000. Summit Securities Group LLC acquired a new stake in shares of Informatica in the 2nd quarter worth approximately $46,000. Amalgamated Bank lifted its stake in shares of Informatica by 42.1% in the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock worth $108,000 after acquiring an additional 1,037 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in shares of Informatica in the 2nd quarter worth approximately $216,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Informatica Stock Up 0.3 %

INFA stock opened at $26.64 on Friday. The company’s 50 day simple moving average is $25.30 and its 200-day simple moving average is $27.85. Informatica Inc. has a 52-week low of $18.71 and a 52-week high of $39.80. The firm has a market capitalization of $7.86 billion, a P/E ratio of -1,332.00, a P/E/G ratio of 5.20 and a beta of 1.06. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. UBS Group dropped their target price on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 target price on shares of Informatica in a report on Wednesday, July 31st. Guggenheim reiterated a “buy” rating on shares of Informatica in a report on Friday, October 18th. Finally, Wells Fargo & Company cut their price target on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Informatica presently has a consensus rating of “Moderate Buy” and an average price target of $32.55.

Insider Activity at Informatica

In related news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76. Following the transaction, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the sale, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at $10,535,037.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the completion of the sale, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at $3,817,875.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.