Concentric Capital Strategies LP Has $11 Million Holdings in Informatica Inc. (NYSE:INFA)

Concentric Capital Strategies LP decreased its holdings in shares of Informatica Inc. (NYSE:INFA) by 30.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 424,168 shares of the technology company’s stock after selling 184,932 shares during the quarter. Concentric Capital Strategies LP owned about 0.14% of Informatica worth $10,999,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in Informatica during the 4th quarter worth $32,000. New Age Alpha Advisors LLC bought a new stake in Informatica in the fourth quarter valued at about $43,000. FNY Investment Advisers LLC acquired a new position in Informatica in the fourth quarter valued at about $54,000. PNC Financial Services Group Inc. boosted its holdings in Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock worth $66,000 after buying an additional 667 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock worth $84,000 after buying an additional 1,325 shares during the period. 98.45% of the stock is owned by institutional investors.

Informatica Price Performance

Shares of NYSE INFA opened at $18.75 on Wednesday. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $31.65. The business’s 50 day moving average price is $18.01 and its two-hundred day moving average price is $22.76. 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 cap of $5.67 billion, a PE ratio of 625.21, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA) last posted its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The company had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. On average, analysts predict that Informatica Inc. will post 0.63 EPS for the current year.

Analyst Ratings Changes

INFA has been the subject of several recent analyst reports. Bank of America downgraded shares of Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft lowered Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a report on Friday, February 14th. DA Davidson decreased their price objective on Informatica from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Robert W. Baird restated a “neutral” rating and issued a $19.00 target price (down previously from $35.00) on shares of Informatica in a research note on Friday, February 14th. Finally, Cantor Fitzgerald assumed coverage on shares of Informatica in a research note on Friday, January 17th. They set a “neutral” rating and a $29.00 price target for the company. Thirteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.15.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the transaction, the executive vice president now owns 416,410 shares in the company, valued at $7,516,200.50. This represents a 2.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.