Circumference Group LLC Invests $4.41 Million in Informatica Inc. (NYSE:INFA)

Circumference Group LLC bought a new stake in shares of Informatica Inc. (NYSE:INFA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 170,000 shares of the technology company’s stock, valued at approximately $4,408,000. Informatica accounts for about 3.8% of Circumference Group LLC’s investment portfolio, making the stock its 14th largest position. Circumference Group LLC owned about 0.06% of Informatica as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in INFA. ORG Wealth Partners LLC acquired a new stake in Informatica during the fourth quarter worth about $32,000. New Age Alpha Advisors LLC purchased a new stake in Informatica in the 4th quarter worth approximately $43,000. FNY Investment Advisers LLC acquired a new stake in shares of Informatica during the 4th quarter worth approximately $54,000. PNC Financial Services Group Inc. increased its holdings in shares of 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 purchasing an additional 667 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Informatica by 69.4% in the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after purchasing an additional 1,325 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on INFA shares. Wells Fargo & Company downgraded shares of Informatica from a “buy” rating to an “equal weight” rating in a research report on Friday, February 14th. Cantor Fitzgerald assumed coverage on Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 price target on the stock. DA Davidson cut their price objective on Informatica from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group cut shares of Informatica from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $38.00 to $20.00 in a research report on Friday, February 14th. Finally, Baird R W lowered shares of Informatica from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 14th. Thirteen 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.com, the company has a consensus rating of “Hold” and an average target price of $24.15.

Informatica Stock Performance

Shares of NYSE:INFA opened at $19.06 on Thursday. Informatica Inc. has a one year low of $15.65 and a one year high of $31.65. The business’s 50-day simple moving average is $18.01 and its 200 day simple moving average is $22.73. 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 company has a market cap of $5.77 billion, a P/E ratio of 635.55, a PEG ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business had revenue of $403.90 million during the quarter, compared to the consensus estimate of $392.14 million. During the same period in the previous year, the business earned $0.22 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Transactions at Informatica

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

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.