L. Roy Papp & Associates LLP Has $889,000 Holdings in Informatica Inc. (NYSE:INFA)

L. Roy Papp & Associates LLP boosted its stake in Informatica Inc. (NYSE:INFA) by 1.9% in the first quarter, Holdings Channel reports. The firm owned 50,921 shares of the technology company’s stock after purchasing an additional 961 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Informatica were worth $889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN raised its stake in Informatica by 15.0% in the fourth quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company’s stock valued at $2,101,000 after purchasing an additional 10,553 shares in the last quarter. Victory Capital Management Inc. raised its stake in Informatica by 21.0% during the fourth quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company’s stock worth $534,000 after acquiring an additional 3,575 shares in the last quarter. Norges Bank acquired a new position in Informatica during the fourth quarter worth about $25,265,000. D. E. Shaw & Co. Inc. acquired a new position in Informatica during the fourth quarter worth about $748,000. Finally, KBC Group NV raised its stake in Informatica by 69.4% during the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock worth $84,000 after acquiring an additional 1,325 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Ratings Changes

INFA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft downgraded Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a research note on Friday, February 14th. Wolfe Research downgraded Informatica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. UBS Group boosted their target price on Informatica from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Scotiabank boosted their target price on Informatica from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $25.00 target price (up previously from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Informatica has an average rating of “Hold” and an average target price of $24.46.

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the transaction, the executive vice president now directly owns 328,799 shares in the company, valued at approximately $5,977,565.82. This represents a 3.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 150,934 shares of company stock worth $3,432,603 over the last ninety days. Insiders own 48.10% of the company’s stock.

Informatica Stock Performance

Shares of INFA stock opened at $24.12 on Thursday. The business’s 50 day simple moving average is $19.18 and its 200 day simple moving average is $22.08. Informatica Inc. has a one year low of $15.65 and a one year high of $31.65. The stock has a market capitalization of $7.30 billion, a PE ratio of 804.27, a PEG ratio of 4.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

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

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.