The Vanguard Group, Inc. recently announced the acquisition of new stake in Informatica Inc (NYSE:INFA). The institutional investor has increased its shareholding in the Technology company by 0.85% to 4.16 million shares with purchase of 35221.0 shares. This fresh investment now brings its stake to 1.68% valued currently at $104.4 million. In addition, Fidelity Investments Canada ULC raised its holdings by 2.52 million to 2.52 million shares. And BlackRock Advisors LLC has lifted its position by 1.27% or 27375.0 shares – to 2.19 million shares.
With over 0.45 million Informatica Inc (INFA) shares trading Friday and a closing price of $29.01 on the day, the dollar volume was approximately $13.13 million. The shares have shown a positive half year performance of 65.77% and its price on 12/22/23 gained nearly 0.90%. Currently, there are 239.75M common shares owned by the public and among those 125.07M shares have been available to trade.
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Insiders at the company have transacted a total of 59 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 1,539,058 shares. Insider sales of the common stock occurred on 36 occasions, with total insider shares sold totaling 26,729,699 shares.
The top 3 mutual fund holders in Informatica Inc are Canada Pension Plan, Fidelity Funds SICAV – Global Tec, and Vanguard Explorer Fund. Canada Pension Plan owns 117.5 million shares of the company’s stock, all valued at over $2.95 billion. Fidelity Funds SICAV – Global Tec sold 23438.0 shares to see its total holdings shrink to 6.37 million shares valued at over $159.78 million and representing 2.58% of the shares outstanding. Vanguard Explorer Fund bought 0.19 million shares to bring its total holdings to over 4.07 million shares at a value of $102.12 million. Vanguard Explorer Fund now owns shares totaling to 1.65% of the shares outstanding.
Shares of Informatica Inc (NYSE: INFA) opened at $28.79, up $0.04 from a prior closing price of $28.75. However, the script later moved the day high at 29.03, up 0.90%. The company’s stock has a 5-day price change of 0.10% and 41.17% over the past three months. INFA shares are trading 78.08% year to date (YTD), with the 12-month market performance up to 79.52% higher. It has a 12-month low price of $13.29 and touched a high of $30.13 over the same period. INFA has an average intraday trading volume of 611.66K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.06%, 20.79%, and 47.86% respectively.
Institutional ownership of Informatica Inc (NYSE: INFA) shares accounts for 38.93% of the company’s 239.75M shares outstanding. Mutual fund holders own 59.84%, while other institutional holders and individual stakeholders account for 78.64% and -13.97% respectively.
It has a market capitalization of $8.44B and a beta (3y monthly) value of 1.05. The earnings-per-share (ttm) stands at -$0.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.95% over the week and 2.78% over the month.
Analysts forecast that Informatica Inc (INFA) will achieve an EPS of $0.3 for the current quarter, $0.21 for the next quarter and $1.06 for 2024. The lowest estimate earnings-per-share for the quarter is $0.27 while analysts give the company a high EPS estimate of $0.32. Comparatively, EPS for the current quarter was $0.24 a year ago. Earnings per share for the fiscal year are expected to increase by 14.44%, and 19.06% over the next financial year. EPS should shrink at an annualized rate of 7.20% over the next five years, compared to 24.99% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 14 brokerage firm advisors rate Informatica Inc (INFA) as a “Strong Buy” at a consensus score of 1.71. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 5 of the 14 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the INFA, a number of firms have released research notes about the stock. DA Davidson stated their Neutral rating for the stock in a research note on November 14, 2023, with the firm’s price target at $25.
