8,574 Shares in Informatica Inc. (NYSE:INFA) Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC acquired a new position in shares of Informatica Inc. (NYSE:INFA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,574 shares of the technology company’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of Informatica by 4.7% in the third quarter. Victory Capital Management Inc. now owns 12,600 shares of the technology company’s stock worth $265,000 after purchasing an additional 562 shares during the last quarter. Quent Capital LLC boosted its position in Informatica by 86.2% during the 4th quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock valued at $68,000 after buying an additional 1,106 shares during the period. Swiss National Bank grew its stake in shares of Informatica by 1.9% in the third quarter. Swiss National Bank now owns 79,900 shares of the technology company’s stock worth $1,683,000 after purchasing an additional 1,500 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Informatica during the fourth quarter valued at approximately $46,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Informatica by 2.3% during the third quarter. Bank of New York Mellon Corp now owns 167,939 shares of the technology company’s stock valued at $3,538,000 after buying an additional 3,754 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Stock Performance

NYSE:INFA opened at $31.39 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average price is $34.24 and its 200-day moving average price is $28.92. Informatica Inc. has a 52 week low of $13.29 and a 52 week high of $39.80.

Informatica (NYSE:INFA) last posted its earnings results on Wednesday, February 14th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $445.18 million during the quarter, compared to the consensus estimate of $431.51 million. Informatica had a positive return on equity of 4.29% and a negative net margin of 7.85%. As a group, sell-side analysts predict that Informatica Inc. will post 0.56 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Robert W. Baird started coverage on shares of Informatica in a report on Tuesday, April 2nd. They issued an “outperform” rating and a $43.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Informatica from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Citigroup raised their price objective on shares of Informatica from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Wells Fargo & Company decreased their target price on Informatica from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $37.00 price target on shares of Informatica in a research note on Tuesday. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.45.

Insider Buying and Selling at Informatica

In other news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $35.51, for a total transaction of $356,023.26. Following the completion of the transaction, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at $5,359,772.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $35.51, for a total value of $356,023.26. Following the transaction, the chief accounting officer now directly owns 150,937 shares in the company, valued at approximately $5,359,772.87. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Amit Walia sold 85,996 shares of Informatica stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $34.14, for a total value of $2,935,903.44. Following the completion of the sale, the chief executive officer now directly owns 2,537,995 shares of the company’s stock, valued at approximately $86,647,149.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 243,600 shares of company stock worth $8,259,201. Company insiders own 53.90% of the company’s stock.

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.