Natixis Acquires Shares of 857,624 Informatica Inc. $INFA

Natixis acquired a new stake in shares of Informatica Inc. (NYSE:INFA) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 857,624 shares of the technology company’s stock, valued at approximately $20,883,000.

Several other hedge funds and other institutional investors have also bought and sold shares of INFA. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Informatica in the 2nd quarter valued at about $31,000. New Age Alpha Advisors LLC boosted its holdings in Informatica by 51.5% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company’s stock valued at $44,000 after purchasing an additional 862 shares during the period. IFP Advisors Inc bought a new position in Informatica in the 2nd quarter worth about $50,000. Deutsche Bank AG raised its stake in Informatica by 126.1% in the first quarter. Deutsche Bank AG now owns 2,976 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,660 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Informatica by 11.9% during the 2nd quarter. Amalgamated Bank now owns 4,577 shares of the technology company’s stock worth $111,000 after acquiring an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Transactions at Informatica

In other Informatica news, CAO Francis R. Santiago sold 16,790 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $24.78, for a total transaction of $416,056.20. Following the completion of the transaction, the chief accounting officer owned 43,851 shares of the company’s stock, valued at approximately $1,086,627.78. This trade represents a 27.69% 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 link. Also, EVP John Arthur Schweitzer sold 10,193 shares of Informatica stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $24.89, for a total transaction of $253,703.77. Following the transaction, the executive vice president owned 309,204 shares of the company’s stock, valued at $7,696,087.56. The trade was a 3.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 37,176 shares of company stock worth $922,444. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Informatica in a research note on Thursday, November 13th. Sixteen analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $23.67.

Informatica Stock Performance

Shares of NYSE:INFA opened at $24.79 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.16 and a quick ratio of 2.16. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $27.88. The stock has a 50 day moving average price of $24.84 and a 200-day moving average price of $24.61.

Informatica (NYSE:INFA) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Informatica had a return on equity of 5.51% and a net margin of 0.62%.The business had revenue of $439.16 million during the quarter, compared to the consensus estimate of $437.21 million. During the same quarter in the prior year, the company earned $0.28 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Informatica Company 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.