L. Roy Papp & Associates LLP Sells 800 Shares of Informatica Inc. (NYSE:INFA)

L. Roy Papp & Associates LLP decreased its stake in shares of Informatica Inc. (NYSE:INFA) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,900 shares of the technology company’s stock after selling 800 shares during the period. L. Roy Papp & Associates LLP’s holdings in Informatica were worth $1,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in INFA. First Horizon Advisors Inc. bought a new position in shares of Informatica during the second quarter worth about $32,000. Ellsworth Advisors LLC bought a new position in shares of Informatica during the 2nd quarter worth approximately $567,000. Cooper Financial Group acquired a new stake in shares of Informatica in the second quarter valued at approximately $384,000. Renaissance Capital LLC lifted its position in shares of Informatica by 101.1% in the second quarter. Renaissance Capital LLC now owns 57,377 shares of the technology company’s stock worth $1,772,000 after purchasing an additional 28,851 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC acquired a new position in Informatica during the second quarter worth $1,595,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on INFA. Wells Fargo & Company cut their price target on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. UBS Group decreased their price target on Informatica from $35.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group cut 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. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 price target on shares of Informatica in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.55.

Informatica Stock Performance

Shares of INFA stock traded up $0.19 during midday trading on Friday, hitting $24.56. 988,661 shares of the company were exchanged, compared to its average volume of 1,704,256. Informatica Inc. has a 52 week low of $18.71 and a 52 week high of $39.80. The firm has a market capitalization of $7.25 billion, a P/E ratio of -1,218.00, a PEG ratio of 4.91 and a beta of 1.06. The firm’s 50 day moving average price is $26.66 and its two-hundred day moving average price is $30.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.90 and a current ratio of 2.03.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $400.63 million during the quarter, compared to analysts’ expectations of $402.97 million. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 earnings per share. As a group, equities research analysts anticipate that Informatica Inc. will post 0.51 earnings per share for the current year.

Insider Buying and Selling at Informatica

In other news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the sale, the chief accounting officer now owns 146,804 shares of the company’s stock, valued at $4,072,342.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $27.74, for a total transaction of $278,121.24. Following the transaction, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at $4,072,342.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ansa Sekharan sold 95,601 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $28.56, for a total value of $2,730,364.56. Following the completion of the sale, 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 have sold a total of 170,128 shares of company stock valued at $4,826,124 in the last ninety days. 48.10% of the stock is currently owned by corporate insiders.

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.