Cubist Systematic Strategies LLC Purchases 7,651 Shares of Informatica Inc. (NYSE:INFA)

Cubist Systematic Strategies LLC increased its position in Informatica Inc. (NYSE:INFA) by 78.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,351 shares of the technology company’s stock after acquiring an additional 7,651 shares during the period. Cubist Systematic Strategies LLC’s holdings in Informatica were worth $450,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of INFA. FMR LLC grew its holdings in shares of Informatica by 126,639.2% in the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock worth $268,889,000 after acquiring an additional 10,361,617 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of 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 worth $184,804,000 after acquiring an additional 2,459,197 shares during the period. Vanguard Group Inc. grew its holdings in shares of Informatica by 28.6% in the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock worth $281,199,000 after acquiring an additional 2,409,023 shares during the period. Wellington Management Group LLP lifted its position in Informatica by 13.8% during the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock valued at $341,111,000 after purchasing an additional 1,591,037 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new position in Informatica during the fourth quarter valued at $36,236,000. Institutional investors own 98.45% of the company’s stock.

Informatica Price Performance

Shares of Informatica stock opened at $19.70 on Friday. The stock’s 50-day simple moving average is $18.13 and its 200-day simple moving average is $22.38. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $31.65. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 657.02, a PEG ratio of 4.44 and a beta of 1.04. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA) last posted its earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $403.90 million for the quarter, compared to the consensus estimate of $392.14 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 earnings per share. As a group, analysts expect that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $18.05, for a total value of $207,629.15. Following the sale, the executive vice president now directly owns 416,410 shares in the company, valued at approximately $7,516,200.50. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 48.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. DA Davidson lowered their target price on Informatica from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group lifted their target price on Informatica from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Guggenheim reiterated a “buy” rating and set a $37.00 target price on shares of Informatica in a research report on Friday, January 31st. Wells Fargo & Company downgraded Informatica from a “buy” rating to an “equal weight” rating in a research report on Friday, February 14th. Finally, Wedbush downgraded Informatica to a “neutral” rating in a research report on Friday, February 14th. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $23.69.

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.