American Century Companies Inc. makes a new investment in Informatica Inc. (NYSE:INFA)

American Century Companies Inc. purchased a new position in Informatica Inc. (NYSE:INFA – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,383 shares of the technology company’s stock, valued at approximately $290,000.

A number of other large investors have also modified their holdings of the company. Arizona State Retirement System raised its position in shares of Informatica by 31.6% during the 2nd quarter. Arizona State Retirement System now owns 17,881 shares of the technology company’s stock worth $552,000 after acquiring an additional 4,290 shares in the the last quarter. Fiera Capital Corp raised its stake in Informatica by 439.2% in the second quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock valued at $48,006,000 after purchasing an additional 1,266,265 shares during the last quarter. Rhumbline Advisers raised its stake in Informatica by 20.0% in the second quarter. Rhumbline Advisers now owns 55,816 shares of the technology company’s stock valued at $1,724,000 after acquiring an additional 9,321 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in Informatica in the 2nd quarter valued at approximately $216,000. Finally, Natixis Advisors LLC acquired a new stake in Informatica in the 2nd quarter valued at about $839,000. Institutional investors and hedge funds own 98.45% of the company’s shares.

Insiders place their bets

In other news, EVP John Arthur Schweitzer sold 64,501 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $28.18, for a total value of $1,817,638.18. Following the sale, the executive vice president now directly owns 437,348 shares in the company, valued at approximately $12,324,466.64. This trade represents a 0.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. In other news, EVP John Arthur Schweitzer sold 64,501 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $28.18, for a total value of $1,817,638.18. Following the sale, the executive vice president now directly owns 437,348 shares in the company, valued at approximately $12,324,466.64. This trade represents a 0.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Also, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Monday, July 15th. The shares were sold at an average price of $27.74, for a total transaction of $278,121.24. Following the sale, the chief accounting officer now owns 146,804 shares in the company, valued at $4,072,342.96. This represents a 0.00 % decrease in ownership of the shares. The disclosure for this sale can be found here. 48.10% of the shares are owned by company insiders.

Informatica inventory performance

NYSE:INFA opened at $25.41 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.03, and a current ratio of 2.03. The stock has a market cap of $7.50 billion, a P/E ratio of -1,270.50, a PEG ratio of 5.13 and a beta of 1.06. The company has a 50-day moving average price of $24.54 and a 200-day moving average price of $28.75. Informatica Inc. it has a fifty-two week low of $18.71 and a fifty-two week high of $39.80.

Informatica (NYSE:INFA – Get Your Free Report ) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $400.63 million during the quarter, compared to analysts’ expectations of $402.97 million. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The company’s quarterly revenue was up 6.6% year over year. In the same quarter last year, the company posted EPS of $0.02. Equities research analysts forecast that Informatica Inc. will show 0.5 EPS for the current year.

Analysts on Wall Street are forecasting an increase

Several analysts recently issued reports on INFA shares. Robert W. Baird decreased their price objective on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Goldman Sachs Group reduced their price objective on shares of Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. UBS Group dropped their price objective on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Guggenheim reissued a “buy” rating and issued a $37.00 target price on shares of Informatica in a research note on Tuesday, June 25th. Finally, Scotiabank dropped their target price on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.55, according to MarketBeat.

Check out the latest stock analysis on INFA

Informatics profile

(Free report)

Informatica Inc develops an AI-based platform that connects, manages and unifies data across multi-vendor, multi-cloud and hybrid enterprise-scale systems around the world. 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 application-to-application synchronization, business process orchestration, B2B partner management, application development and API management; data quality and observability products to profile, clean, standardize, observe and monitor data to provide accurate, complete and consistent data; and master data management products to create a single authoritative source of truth for business-critical data.

See Also

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