Ellsworth Advisors LLC Purchases 1,658 Shares of Informatica Inc. (NYSE:INFA)

Ellsworth Advisors LLC raised its position in shares of Informatica Inc. (NYSE:INFA) by 9.0% during the 3rd quarter, Holdings Channel reports. The fund owned 20,008 shares of the technology company’s stock after purchasing an additional 1,658 shares during the period. Ellsworth Advisors LLC’s holdings in Informatica were worth $506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. purchased a new stake in Informatica during the second quarter valued at $32,000. ORG Partners LLC bought a new stake in shares of Informatica in the 1st quarter worth about $43,000. Summit Securities Group LLC purchased a new stake in shares of Informatica during the 2nd quarter valued at about $46,000. Amalgamated Bank lifted its holdings in shares of Informatica by 42.1% in the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after acquiring an additional 1,037 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new position in Informatica in the second quarter worth about $216,000. 98.45% of the stock is currently owned by institutional investors.

Informatica Price Performance

Informatica stock opened at $26.82 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of -1,341.00, a price-to-earnings-growth ratio of 5.20 and a beta of 1.06. The firm has a 50-day moving average of $25.05 and a two-hundred day moving average of $28.10. Informatica Inc. has a 1 year low of $18.71 and a 1 year high of $39.80.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 earnings per share (EPS) 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 analyst estimates of $402.97 million. Informatica had a return on equity of 6.16% and a net margin of 9.60%. Informatica’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 earnings per share. On average, research analysts forecast that Informatica Inc. will post 0.5 earnings per share for the current year.

Insider Transactions at Informatica

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Robert W. Baird decreased their price objective on Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Guggenheim restated a “buy” rating on shares of Informatica in a report on Friday. Citigroup lowered their price target on Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Scotiabank cut their price objective on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company lowered their target price on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.55.

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.