Treasurer of the State of North Carolina Buys 7,230 Shares of Informatica Inc. (NYSE:INFA)

Treasurer of the State of North Carolina raised its position in shares of Informatica Inc. (NYSE:INFA) by 25.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,497 shares of the technology company’s stock after acquiring an additional 7,230 shares during the period. Treasurer of the State of North Carolina’s holdings in Informatica were worth $920,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in INFA. FMR LLC increased its stake in Informatica by 555.6% in the 3rd quarter. FMR LLC now owns 8,182 shares of the technology company’s stock worth $207,000 after buying an additional 6,934 shares during the period. State Street Corp grew its stake in Informatica by 25.1% in the 3rd quarter. State Street Corp now owns 1,051,013 shares of the technology company’s stock worth $26,570,000 after acquiring an additional 210,843 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Informatica by 34.5% during the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock worth $30,677,000 after acquiring an additional 311,003 shares during the period. Oddo BHF Asset Management Sas bought a new stake in shares of Informatica during the third quarter valued at approximately $1,394,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Informatica by 826.8% in the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock valued at $37,519,000 after purchasing an additional 1,324,006 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on INFA. Royal Bank of Canada cut Informatica from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $35.00 to $19.00 in a report on Friday, February 14th. Bank of America downgraded shares of Informatica from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Wells Fargo & Company cut shares of Informatica from a “buy” rating to an “equal weight” rating in a research report on Friday, February 14th. Robert W. Baird reissued a “neutral” rating and issued a $19.00 price objective (down previously from $35.00) on shares of Informatica in a research note on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft cut Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a research report on Friday, February 14th. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Informatica has a consensus rating of “Hold” and a consensus price target of $24.15.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the sale, the executive vice president now directly owns 328,799 shares of the company’s stock, valued at $5,977,565.82. This represents a 3.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 48.10% of the company’s stock.

Informatica Stock Performance

INFA opened at $17.53 on Friday. The company has a market cap of $5.30 billion, a P/E ratio of 584.53, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The firm’s 50-day moving average price is $18.69 and its 200-day moving average price is $23.44. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $35.92.

Informatica (NYSE:INFA) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The company had revenue of $428.31 million during the quarter, compared to analysts’ expectations of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. As a group, equities analysts anticipate that Informatica Inc. will post 0.63 EPS for the current fiscal 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.