Teacher Retirement System of Texas Lowers Stock Position in Informatica Inc. (NYSE:INFA)

Teacher Retirement System of Texas trimmed its holdings in shares of Informatica Inc. (NYSE:INFA) by 97.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 73,676 shares of the technology company’s stock after selling 2,570,488 shares during the period. Teacher Retirement System of Texas’ holdings in Informatica were worth $1,910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of INFA. Wellington Management Group LLP raised its position in Informatica by 29.9% in the third quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after acquiring an additional 2,662,379 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Informatica by 16.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock worth $209,075,000 after purchasing an additional 1,168,158 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Informatica by 826.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock worth $37,519,000 after purchasing an additional 1,324,006 shares during the period. Diamond Hill Capital Management Inc. purchased a new position in shares of Informatica in the 4th quarter valued at about $36,236,000. Finally, Geode Capital Management LLC lifted its stake in shares of Informatica by 34.5% in the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock valued at $30,677,000 after purchasing an additional 311,003 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Informatica Stock Performance

Shares of NYSE INFA opened at $18.53 on Friday. The company has a 50-day simple moving average of $21.43 and a 200-day simple moving average of $24.38. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The company has a market cap of $5.61 billion, a PE ratio of 617.71, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. Informatica Inc. has a 12 month low of $16.37 and a 12 month high of $39.80.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INFA. Royal Bank of Canada lowered shares of Informatica from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $35.00 to $19.00 in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft cut Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a report on Friday, February 14th. Cantor Fitzgerald assumed coverage on Informatica in a report on Friday, January 17th. They set a “neutral” rating and a $29.00 price objective for the company. Wedbush lowered Informatica to a “neutral” rating in a report on Friday, February 14th. Finally, Wells Fargo & Company downgraded Informatica from a “buy” rating to an “equal weight” rating in a research note on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.67.

Insider Activity

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the sale, the executive vice president now directly owns 328,799 shares of the company’s stock, valued at approximately $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 48.10% of the company’s stock.

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.