AGF Management Ltd. Invests $2.56 Million in Informatica Inc. (NYSE:INFA)

by · The Cerbat Gem

AGF Management Ltd. bought a new position in Informatica Inc. (NYSE:INFA – Free Report) during the fourth quarter, Holdings Channel reports. The firm bought 98,886 shares of the technology company’s stock, valued at approximately $2,564,000.

Several other large investors have also added to or reduced their stakes in INFA. ORG Wealth Partners LLC purchased a new position in Informatica during the 4th quarter worth $32,000. Quarry LP bought a new position in shares of Informatica during the third quarter valued at about $38,000. National Bank of Canada FI boosted its holdings in Informatica by 3,288.0% during the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,644 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Informatica in the 4th quarter worth about $54,000. Finally, PNC Financial Services Group Inc. increased its stake in Informatica by 35.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock valued at $66,000 after buying an additional 667 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Informatica Stock Performance

NYSE INFA opened at $17.40 on Friday. The firm has a market cap of $5.26 billion, a P/E ratio of 580.06, a price-to-earnings-growth ratio of 4.44 and a beta of 1.05. 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 company’s 50 day moving average is $22.97 and its 200-day moving average is $24.86. Informatica Inc. has a 12-month low of $16.37 and a 12-month high of $39.80.

Informatica (NYSE:INFA – Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The company had revenue of $428.31 million for the quarter, compared to analysts’ expectations of $457.55 million. Sell-side analysts predict that Informatica Inc. will post 0.63 earnings per share for the current year.

Insider Activity

In other news, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the completion of the sale, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. The trade was a 6.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Arthur Schweitzer sold 10,734 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.05, for a total transaction of $290,354.70. Following the completion of the transaction, the executive vice president now owns 353,778 shares of the company’s stock, valued at $9,569,694.90. This trade represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,272 shares of company stock worth $771,026 over the last ninety days. Company insiders own 48.10% of the company’s stock.

Analysts Set New Price Targets

INFA has been the topic of a number of research analyst reports. Truist Financial restated a “buy” rating and issued a $24.00 target price (down previously from $34.00) on shares of Informatica in a research note on Friday, February 14th. Guggenheim reissued a “buy” rating and issued a $37.00 price objective on shares of Informatica in a research report on Friday, January 31st. Baird R W lowered Informatica from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 14th. Wedbush downgraded shares of Informatica to a “neutral” rating in a report on Friday, February 14th. Finally, Robert W. Baird restated a “neutral” rating and set a $19.00 price objective (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Informatica has a consensus rating of “Hold” and an average target price of $24.67.

Read Our Latest Research Report on INFA

Informatica Profile

(Free Report)

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.

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