Gotham Asset Management LLC Sells 21,925 Shares of Informatica Inc. (NYSE:INFA)

Gotham Asset Management LLC trimmed its position in shares of Informatica Inc. (NYSE:INFA) by 32.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,734 shares of the technology company’s stock after selling 21,925 shares during the quarter. Gotham Asset Management LLC’s holdings in Informatica were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Informatica during the fourth quarter valued at about $2,762,000. KBC Group NV boosted its stake in 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 buying an additional 1,325 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Informatica by 30.6% during the fourth quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,437 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Informatica by 50.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,929 shares of the technology company’s stock valued at $309,000 after purchasing an additional 3,994 shares during the period. Finally, FSR Wealth Management Ltd. purchased a new stake in Informatica in the fourth quarter worth $205,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on INFA. Bank of America lowered Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Baird R W downgraded Informatica from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada decreased their price objective on Informatica from $20.00 to $19.00 and set a “sector perform” rating for the company in a report on Thursday, May 8th. Guggenheim reiterated a “buy” rating and issued a $37.00 price objective on shares of Informatica in a report on Friday, January 31st. Finally, Scotiabank increased their price objective on Informatica from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Thursday, May 8th. Thirteen analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.69.

Insiders Place Their Bets

In related news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction on Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the transaction, the executive vice president now directly owns 328,799 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. 48.10% of the stock is currently owned by company insiders.

Informatica Stock Performance

NYSE INFA opened at $19.70 on Friday. The business’s 50 day moving average price is $18.13 and its 200-day moving average price is $22.35. The company has a market cap of $5.96 billion, a P/E ratio of 657.02, a P/E/G ratio of 4.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $31.65.

Informatica (NYSE:INFA) last issued its earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $403.90 million during the quarter, compared to analysts’ expectations of $392.14 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 EPS. Sell-side analysts predict that Informatica Inc. will post 0.63 earnings per share for the current 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.