1,397,451 Shares in Informatica Inc. (NYSE:INFA) Purchased by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. acquired a new stake in Informatica Inc. (NYSE:INFA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,397,451 shares of the technology company’s stock, valued at approximately $36,236,000. Diamond Hill Capital Management Inc. owned 0.46% of Informatica at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in shares of Informatica during the fourth quarter valued at approximately $32,000. Quarry LP purchased a new position in shares of Informatica during the third quarter valued at $38,000. National Bank of Canada FI raised its holdings in shares of Informatica by 3,288.0% in the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,644 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Informatica in the fourth quarter worth about $54,000. Finally, PNC Financial Services Group Inc. grew its holdings in Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock worth $66,000 after acquiring an additional 667 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Stock Performance

Shares of INFA opened at $17.40 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a 50-day moving average of $22.97 and a two-hundred day moving average of $24.86. The stock has a market cap of $5.26 billion, a P/E ratio of 580.06, a P/E/G ratio of 4.44 and a beta of 1.05. Informatica Inc. has a one year low of $16.37 and a one year high of $39.80.

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

Insider Buying and Selling at Informatica

In other news, CAO Mark Pellowski sold 10,035 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the completion of the transaction, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at $3,747,187.62. The trade was a 6.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the sale, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. The trade was a 3.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,272 shares of company stock worth $771,026. Company insiders own 48.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on INFA. Guggenheim reissued a “buy” rating and set a $37.00 price objective on shares of Informatica in a report on Friday, January 31st. Cantor Fitzgerald started coverage on Informatica in a research report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target for the company. Bank of America downgraded Informatica from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Wells Fargo & Company lowered Informatica from a “buy” rating to an “equal weight” rating in a research note on Friday, February 14th. Finally, UBS Group decreased their price target on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $24.67.

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.