Soros Fund Management LLC Invests $6.48 Million in Informatica Inc. (NYSE:INFA)

Soros Fund Management LLC purchased a new stake in Informatica Inc. (NYSE:INFA) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 250,000 shares of the technology company’s stock, valued at approximately $6,482,000. Soros Fund Management LLC owned approximately 0.08% of Informatica at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INFA. ORG Wealth Partners LLC purchased a new position in Informatica in the 4th quarter valued at about $32,000. New Age Alpha Advisors LLC purchased a new position in Informatica in the 4th quarter valued at about $43,000. FNY Investment Advisers LLC purchased a new position in Informatica in the 4th quarter valued at about $54,000. PNC Financial Services Group Inc. lifted its stake in Informatica by 35.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock worth $66,000 after purchasing an additional 667 shares in the last quarter. Finally, KBC Group NV lifted its stake in Informatica by 69.4% in the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock worth $84,000 after purchasing an additional 1,325 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Trading Up 1.0 %

INFA opened at $18.96 on Tuesday. Informatica Inc. has a one year low of $15.65 and a one year high of $32.51. The company has a market cap of $5.74 billion, a P/E ratio of 632.21, a PEG ratio of 4.44 and a beta of 1.06. 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 business’s 50-day simple moving average is $18.07 and its 200-day simple moving average is $23.06.

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

Insider Activity

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the transaction, the executive vice president now directly owns 416,410 shares in the company, valued at $7,516,200.50. This represents a 2.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 48.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on INFA. Wedbush lowered shares of Informatica to a “neutral” rating in a research note on Friday, February 14th. Wells Fargo & Company downgraded shares of Informatica from a “buy” rating to an “equal weight” rating in a report on Friday, February 14th. Bank of America downgraded shares of Informatica from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. Baird R W downgraded shares of Informatica from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, UBS Group dropped their target price on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, February 14th. Thirteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Informatica currently has a consensus rating of “Hold” and a consensus price target of $24.15.

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.