Legal & General Group Plc Raises Stock Position in Informatica Inc. $INFA

Legal & General Group Plc grew its holdings in Informatica Inc. (NYSE:INFA) by 26.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 131,346 shares of the technology company’s stock after purchasing an additional 27,603 shares during the quarter. Legal & General Group Plc’s holdings in Informatica were worth $3,198,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in INFA. JPMorgan Chase & Co. lifted its holdings in Informatica by 25.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,053,771 shares of the technology company’s stock worth $50,009,000 after buying an additional 419,436 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Informatica in the second quarter valued at $11,123,000. Swiss National Bank raised its stake in shares of Informatica by 9.7% in the second quarter. Swiss National Bank now owns 222,200 shares of the technology company’s stock valued at $5,411,000 after acquiring an additional 19,700 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Informatica by 63.5% in the second quarter. Handelsbanken Fonder AB now owns 22,664 shares of the technology company’s stock valued at $552,000 after purchasing an additional 8,800 shares during the period. Finally, Greenland Capital Management LP acquired a new position in Informatica during the 2nd quarter worth $535,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Francis R. Santiago sold 16,790 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $24.78, for a total transaction of $416,056.20. Following the completion of the sale, the chief accounting officer owned 43,851 shares in the company, valued at approximately $1,086,627.78. The trade was a 27.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Arthur Schweitzer sold 10,193 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $24.89, for a total transaction of $253,703.77. Following the completion of the transaction, the executive vice president directly owned 309,204 shares in the company, valued at $7,696,087.56. This trade represents a 3.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 37,176 shares of company stock valued at $922,444 over the last ninety days. 2.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Informatica in a research note on Thursday, November 13th. Sixteen investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $23.67.

Informatica Price Performance

Informatica stock opened at $24.79 on Friday. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $27.88. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.16 and a current ratio of 2.16. The stock’s fifty day moving average is $24.84 and its two-hundred day moving average is $24.53.

Informatica (NYSE:INFA) last released its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03. Informatica had a return on equity of 5.51% and a net margin of 0.62%.The business had revenue of $439.16 million during the quarter, compared to analysts’ expectations of $437.21 million. During the same period in the prior year, the firm posted $0.28 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Informatica Inc. will post 0.63 EPS for the current fiscal 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.