Avantax Advisory Services Inc. Invests $207,000 in Informatica Inc. (NYSE:INFA)

Avantax Advisory Services Inc. acquired a new stake in Informatica Inc. (NYSE:INFA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,996 shares of the technology company’s stock, valued at approximately $207,000.

Several other institutional investors have also added to or reduced their stakes in the business. ORG Wealth Partners LLC bought a new position in Informatica in the 4th quarter valued at $32,000. Quarry LP purchased a new stake in shares of Informatica in the 3rd quarter worth about $38,000. National Bank of Canada FI lifted its stake in shares of Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,644 shares during the period. FNY Investment Advisers LLC bought a new stake in Informatica during the fourth quarter worth about $54,000. Finally, PNC Financial Services Group Inc. increased its position 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 valued at $66,000 after buying 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 NYSE:INFA opened at $18.53 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 617.71, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The firm has a 50 day moving average of $21.43 and a 200 day moving average of $24.38. Informatica Inc. has a 52 week low of $16.37 and a 52 week high of $39.80.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). The business had revenue of $428.31 million for the quarter, compared to analysts’ expectations of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. On average, sell-side analysts predict that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on INFA. Royal Bank of Canada lowered Informatica from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $35.00 to $19.00 in a report on Friday, February 14th. Bank of America lowered Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Robert W. Baird reissued a “neutral” rating and set a $19.00 price objective (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. Wells Fargo & Company cut shares of Informatica from a “buy” rating to an “equal weight” rating in a research report on Friday, February 14th. Finally, Cantor Fitzgerald started coverage on shares of Informatica in a report on Friday, January 17th. They set a “neutral” rating and a $29.00 price target on the stock. Twelve 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 $24.67.

Insider Buying and Selling

In other news, 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 sale, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. This represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 48.10% of the stock is currently owned by company insiders.

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.