Ellsworth Advisors LLC Raises Stake in Informatica Inc. (NYSE:INFA)

Ellsworth Advisors LLC increased its holdings in shares of Informatica Inc. (NYSE:INFA) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,008 shares of the technology company’s stock after acquiring an additional 1,658 shares during the period. Ellsworth Advisors LLC’s holdings in Informatica were worth $506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of INFA. First Horizon Advisors Inc. bought a new position in shares of Informatica during the second quarter valued at $32,000. ORG Partners LLC bought a new stake in Informatica during the 1st quarter valued at about $43,000. Summit Securities Group LLC bought a new stake in Informatica during the 2nd quarter valued at about $46,000. Amalgamated Bank lifted its stake in shares of Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock worth $108,000 after buying an additional 1,037 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in shares of Informatica during the second quarter valued at approximately $216,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

INFA has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price objective on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Wells Fargo & Company lowered their price target on Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. The Goldman Sachs Group reduced their price objective on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. UBS Group lowered their target price on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Finally, Guggenheim reiterated a “buy” rating on shares of Informatica in a research note on Friday. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Informatica presently has a consensus rating of “Moderate Buy” and an average price target of $32.55.

Informatica Stock Down 0.7 %

Shares of INFA stock opened at $26.82 on Friday. The company has a 50 day simple moving average of $25.05 and a two-hundred day simple moving average of $28.10. The stock has a market cap of $7.91 billion, a P/E ratio of -1,341.00, a P/E/G ratio of 5.20 and a beta of 1.06. Informatica Inc. has a 12 month low of $18.71 and a 12 month high of $39.80. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77.

Informatica (NYSE:INFA) last announced its earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The company had revenue of $400.63 million for the quarter, compared to analysts’ expectations of $402.97 million. During the same period last year, the firm earned $0.02 EPS. Informatica’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research analysts expect that Informatica Inc. will post 0.5 earnings per share for the current year.

Insider Activity

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the sale, the executive vice president now owns 393,686 shares in the company, valued at approximately $10,535,037.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $268,295.76. Following the transaction, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Arthur Schweitzer sold 8,501 shares of Informatica stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the sale, the executive vice president now owns 393,686 shares in the company, valued at approximately $10,535,037.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

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.