12,254 Shares in Informatica Inc. (NYSE:INFA) Purchased by Edmonds Duncan Registered Investment Advisors LLC

Edmonds Duncan Registered Investment Advisors LLC bought a new position in shares of Informatica Inc. (NYSE:INFA) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,254 shares of the technology company’s stock, valued at approximately $429,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Informatica during the fourth quarter worth about $39,000. Allspring Global Investments Holdings LLC acquired a new stake in Informatica during the fourth quarter valued at approximately $46,000. Quarry LP boosted its holdings in Informatica by 186.9% during the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after purchasing an additional 1,482 shares in the last quarter. Quent Capital LLC boosted its holdings in Informatica by 86.2% during the fourth quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,106 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Informatica during the first quarter valued at approximately $264,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Informatica Stock Down 0.2 %

NYSE INFA traded down $0.05 on Tuesday, reaching $30.40. The company had a trading volume of 156,477 shares, compared to its average volume of 1,639,532. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of -1,518.00, a price-to-earnings-growth ratio of 7.69 and a beta of 1.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.90 and a current ratio of 1.90. Informatica Inc. has a 1-year low of $17.58 and a 1-year high of $39.80. The company’s fifty day moving average is $29.96 and its 200-day moving average is $31.25.

Informatica (NYSE:INFA) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $388.61 million during the quarter, compared to analyst estimates of $384.97 million. Informatica had a return on equity of 5.31% and a net margin of 0.03%. On average, research analysts forecast that Informatica Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on INFA shares. Robert W. Baird started coverage on Informatica in a report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price objective on the stock. Wells Fargo & Company decreased their price objective on Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, April 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price objective on shares of Informatica in a report on Thursday, May 23rd. Finally, Guggenheim reaffirmed a “buy” rating and set a $37.00 price objective on shares of Informatica in a report on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Informatica has a consensus rating of “Moderate Buy” and an average target price of $35.45.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 65,891 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $35.50, for a total transaction of $2,339,130.50. Following the completion of the transaction, the executive vice president now directly owns 481,011 shares in the company, valued at approximately $17,075,890.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP John Arthur Schweitzer sold 65,891 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $35.50, for a total transaction of $2,339,130.50. Following the completion of the transaction, the executive vice president now directly owns 481,011 shares in the company, valued at approximately $17,075,890.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ansa Sekharan sold 95,601 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the transaction, the executive vice president now owns 509,381 shares of the company’s stock, valued at $14,547,921.36. The disclosure for this sale can be found here. Insiders sold a total of 171,518 shares of company stock worth $5,425,518 in the last three months. Insiders own 48.10% of the company’s stock.

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.