Wellington Management Group LLP Purchases 1,591,037 Shares of Informatica Inc. (NYSE:INFA)

Wellington Management Group LLP boosted its position in shares of Informatica Inc. (NYSE:INFA) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,155,084 shares of the technology company’s stock after buying an additional 1,591,037 shares during the period. Wellington Management Group LLP owned approximately 4.35% of Informatica worth $341,111,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of INFA. Schroder Investment Management Group increased its stake in shares of Informatica by 63.0% in the 4th quarter. Schroder Investment Management Group now owns 1,662,332 shares of the technology company’s stock valued at $43,121,000 after purchasing an additional 642,396 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Informatica in the fourth quarter valued at about $2,696,000. Pictet Asset Management Holding SA boosted its stake in Informatica by 52.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company’s stock valued at $184,804,000 after buying an additional 2,459,197 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Informatica in the fourth quarter valued at about $43,000. Finally, Norges Bank acquired a new position in Informatica during the fourth quarter worth about $25,265,000. 98.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on INFA shares. Wedbush lowered shares of Informatica to a “neutral” rating in a report on Friday, February 14th. UBS Group decreased their target price on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, February 14th. Robert W. Baird reiterated a “neutral” rating and issued a $19.00 price target (down from $35.00) on shares of Informatica in a research note on Friday, February 14th. Baird R W lowered Informatica from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft cut Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a report on Friday, February 14th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.67.

Informatica Price Performance

Shares of NYSE INFA opened at $17.68 on Wednesday. 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 has a market capitalization of $5.35 billion, a PE ratio of 589.43, a P/E/G ratio of 4.44 and a beta of 1.04. The firm has a fifty day simple moving average of $21.02 and a 200 day simple moving average of $24.21. Informatica Inc. has a twelve month low of $16.37 and a twelve month high of $39.80.

Informatica (NYSE:INFA) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share 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 business had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. On average, sell-side analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the sale, the executive vice president now directly owns 328,799 shares of the company’s stock, valued at approximately $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 48.10% of the company’s stock.

About Informatica

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.