Clearline Capital LP Has $762,000 Stake in Informatica Inc. (NYSE:INFA)

Clearline Capital LP reduced its position in shares of Informatica Inc. (NYSE:INFA) by 19.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 29,372 shares of the technology company’s stock after selling 6,890 shares during the quarter. Clearline Capital LP’s holdings in Informatica were worth $762,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of Informatica by 35.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock valued at $66,000 after acquiring an additional 667 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of Informatica during the 4th quarter valued at $32,000. KBC Group NV increased its position in shares of Informatica by 69.4% in the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock worth $84,000 after purchasing an additional 1,325 shares during the period. Pacer Advisors Inc. raised its position in shares of Informatica by 30.6% in the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company’s stock valued at $159,000 after buying an additional 1,437 shares in the last quarter. Finally, Cooper Financial Group boosted its holdings in shares of Informatica by 6.6% in the 4th quarter. Cooper Financial Group now owns 24,236 shares of the technology company’s stock valued at $628,000 after purchasing an additional 1,504 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the firm’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total value of $207,629.15. Following the transaction, the executive vice president now owns 416,410 shares in the company, valued at approximately $7,516,200.50. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 48.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. DA Davidson reduced their price objective on Informatica from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Wedbush lowered shares of Informatica to a “neutral” rating in a report on Friday, February 14th. Robert W. Baird reiterated a “neutral” rating and set a $19.00 target price (down previously from $35.00) on shares of Informatica 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 objective for the company. in a research note on Friday, February 14th. Finally, Bank of America lowered shares of Informatica from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. Thirteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Informatica presently has a consensus rating of “Hold” and an average target price of $24.15.

Informatica Price Performance

Shares of Informatica stock opened at $19.06 on Thursday. The firm has a market capitalization of $5.77 billion, a PE ratio of 635.55, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The business’s 50-day moving average price is $18.01 and its 200-day moving average price is $22.73. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a 12 month low of $15.65 and a 12 month high of $31.65.

Informatica (NYSE:INFA) last released its earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company had revenue of $403.90 million for the quarter, compared to analyst estimates of $392.14 million. During the same quarter last year, the firm earned $0.22 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts forecast that Informatica Inc. will post 0.63 EPS for the current fiscal year.

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.