L. Roy Papp & Associates LLP Sells 1,580 Shares of Informatica Inc. (NYSE:INFA)

L. Roy Papp & Associates LLP lowered its holdings in shares of Informatica Inc. (NYSE:INFA) by 2.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 55,320 shares of the technology company’s stock after selling 1,580 shares during the period. L. Roy Papp & Associates LLP’s holdings in Informatica were worth $1,398,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Informatica by 26.1% in the 4th quarter. Vanguard Group Inc. now owns 5,308,121 shares of the technology company’s stock valued at $150,698,000 after acquiring an additional 1,098,246 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Informatica by 78,094.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock worth $44,473,000 after purchasing an additional 1,269,034 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC bought a new stake in Informatica in the 1st quarter valued at $429,000. Hussman Strategic Advisors Inc. acquired a new position in Informatica in the 1st quarter valued at $1,102,000. Finally, ORG Partners LLC bought a new position in Informatica during the 1st quarter worth $43,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the transaction, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at $10,535,037.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the transaction, the executive vice president now owns 393,686 shares in the company, valued at approximately $10,535,037.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the completion of the transaction, the chief accounting officer now owns 142,671 shares in the company, valued at $3,817,875.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by insiders.

Informatica Price Performance

INFA traded up $0.07 on Friday, reaching $26.72. The stock had a trading volume of 1,164,015 shares, compared to its average volume of 1,252,874. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of -1,336.00, a price-to-earnings-growth ratio of 5.41 and a beta of 1.06. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average of $25.35 and a 200-day moving average of $27.70. Informatica Inc. has a fifty-two week low of $18.71 and a fifty-two week high of $39.80.

Informatica (NYSE:INFA) last posted its earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $400.63 million for the quarter, compared to the consensus estimate of $402.97 million. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS. As a group, sell-side analysts anticipate that Informatica Inc. will post 0.5 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group cut their price target on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. JPMorgan Chase & Co. decreased their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday. Wells Fargo & Company cut their price objective on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Finally, UBS Group cut their price target on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Informatica presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.18.

Informatica 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.