Ellsworth Advisors LLC Takes $567,000 Position in Informatica Inc. (NYSE:INFA)

Ellsworth Advisors LLC acquired a new stake in shares of Informatica Inc. (NYSE:INFA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,350 shares of the technology company’s stock, valued at approximately $567,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP raised its stake in shares of Informatica by 10.0% during the fourth quarter. Wellington Management Group LLP now owns 9,720,552 shares of the technology company’s stock valued at $275,966,000 after purchasing an additional 883,642 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Informatica by 5.0% during the first quarter. Vanguard Group Inc. now owns 5,575,869 shares of the technology company’s stock valued at $195,155,000 after purchasing an additional 267,748 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in shares of Informatica during the first quarter valued at about $52,045,000. Price T Rowe Associates Inc. MD raised its stake in shares of Informatica by 6.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,289,958 shares of the technology company’s stock valued at $45,149,000 after purchasing an additional 73,655 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Informatica by 78,094.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock valued at $44,473,000 after purchasing an additional 1,269,034 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on INFA. Scotiabank dropped their price target on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. Wells Fargo & Company lowered their target price on Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. The Goldman Sachs Group lowered their target price on Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 target price on shares of Informatica in a research note on Wednesday, July 31st. Finally, Citigroup lowered their target price on Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.55.

Insider Buying and Selling at Informatica

In other Informatica news, EVP Ansa Sekharan sold 95,601 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total value of $2,730,364.56. Following the sale, the executive vice president now directly owns 509,381 shares in the company, valued at $14,547,921.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Ansa Sekharan sold 95,601 shares of the stock in a transaction on 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 sale, the executive vice president now owns 509,381 shares in the company, valued at $14,547,921.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 64,501 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $28.18, for a total value of $1,817,638.18. Following the sale, the executive vice president now owns 437,348 shares in the company, valued at approximately $12,324,466.64. The disclosure for this sale can be found here. Insiders have sold 170,128 shares of company stock worth $4,826,124 over the last three months. Company insiders own 48.10% of the company’s stock.

Informatica Stock Performance

Shares of NYSE INFA traded up $0.15 during trading hours on Friday, reaching $24.02. The stock had a trading volume of 1,071,190 shares, compared to its average volume of 1,729,318. The business’s fifty day moving average is $27.14 and its two-hundred day moving average is $30.53. Informatica Inc. has a twelve month low of $18.71 and a twelve month high of $39.80. The company has a market cap of $7.09 billion, a price-to-earnings ratio of -1,200.50, a PEG ratio of 4.91 and a beta of 1.06. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 1.90.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 earnings per share for the quarter, beating 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 firm had revenue of $400.63 million for the quarter, compared to analysts’ expectations of $402.97 million. During the same period in the prior year, the business posted $0.02 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, research analysts expect that Informatica Inc. will post 0.51 EPS for the current year.

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.