Alpine Associates Management Inc. Invests $33.93 Million in Informatica Inc. $INFA

Alpine Associates Management Inc. purchased a new position in shares of Informatica Inc. (NYSE:INFA) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,393,450 shares of the technology company’s stock, valued at approximately $33,931,000. Informatica makes up 1.8% of Alpine Associates Management Inc.’s holdings, making the stock its 16th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INFA. Invesco Ltd. increased its position in shares of Informatica by 37.4% in the 1st quarter. Invesco Ltd. now owns 3,607,837 shares of the technology company’s stock valued at $62,957,000 after purchasing an additional 981,237 shares during the last quarter. Sunriver Management LLC purchased a new position in Informatica in the first quarter valued at $30,108,000. Voya Investment Management LLC raised its stake in Informatica by 83.7% in the first quarter. Voya Investment Management LLC now owns 470,932 shares of the technology company’s stock valued at $8,218,000 after buying an additional 214,605 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Informatica by 4.9% during the 1st quarter. Bank of New York Mellon Corp now owns 458,307 shares of the technology company’s stock worth $7,997,000 after buying an additional 21,257 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Informatica by 37.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 398,724 shares of the technology company’s stock worth $6,961,000 after acquiring an additional 108,045 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on INFA. Weiss Ratings reiterated a “sell (d)” rating on shares of Informatica in a research note on Wednesday, October 8th. Guggenheim lowered Informatica from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research report on Wednesday, August 6th. Finally, UBS Group increased their price objective on Informatica from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Sixteen equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Informatica has an average rating of “Reduce” and a consensus target price of $23.67.

Informatica Stock Performance

INFA opened at $24.88 on Monday. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $28.14. The stock has a market cap of $7.58 billion, a P/E ratio of -621.88, a P/E/G ratio of 7.11 and a beta of 1.14. The stock’s 50 day simple moving average is $24.85 and its 200 day simple moving average is $23.50. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 2.01.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The business had revenue of $407.34 million for the quarter, compared to analysts’ expectations of $401.76 million. During the same period last year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities analysts anticipate that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Insider Transactions at Informatica

In other news, CAO Francis R. Santiago sold 16,790 shares of Informatica stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $24.78, for a total value of $416,056.20. Following the transaction, the chief accounting officer directly owned 43,851 shares of the company’s stock, valued at $1,086,627.78. The trade was a 27.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gerald Held sold 70,212 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $24.93, for a total transaction of $1,750,385.16. Following the completion of the transaction, the director directly owned 198,845 shares in the company, valued at approximately $4,957,205.85. This represents a 26.10% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 403,082 shares of company stock valued at $10,034,169. Corporate insiders own 2.80% 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.