Amalgamated Bank Boosts Stake in Informatica Inc. (NYSE:INFA)

Amalgamated Bank lifted its position in Informatica Inc. (NYSE:INFA) by 42.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,498 shares of the technology company’s stock after acquiring an additional 1,037 shares during the period. Amalgamated Bank’s holdings in Informatica were worth $108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. purchased a new stake in Informatica in the second quarter worth approximately $32,000. ORG Partners LLC purchased a new stake in Informatica in the 1st quarter worth $43,000. Summit Securities Group LLC bought a new stake in shares of Informatica during the second quarter valued at approximately $46,000. Quarry LP lifted its holdings in shares of Informatica by 186.9% in the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after buying an additional 1,482 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Informatica during the second quarter worth $216,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

INFA has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. The Goldman Sachs Group decreased their price objective on shares of Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Citigroup lowered their target price on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Robert W. Baird dropped their price target on Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Scotiabank dropped their target price on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.55.

Insider Activity at Informatica

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

Informatica Trading Down 5.1 %

Shares of INFA stock opened at $23.98 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.03 and a current ratio of 2.03. The stock’s fifty day moving average is $24.54 and its two-hundred day moving average is $28.95. Informatica Inc. has a fifty-two week low of $18.71 and a fifty-two week high of $39.80. The firm has a market capitalization of $7.08 billion, a P/E ratio of -1,199.00, a PEG ratio of 5.13 and a beta of 1.06.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share 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 during the quarter, compared to analyst estimates of $402.97 million. During the same period in the prior year, the business posted $0.02 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts expect that Informatica Inc. will post 0.5 earnings per share for the current fiscal year.

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.