AQR Arbitrage LLC Takes $6.91 Million Position in Informatica Inc. $INFA

AQR Arbitrage LLC bought a new stake in Informatica Inc. (NYSE:INFA) during the 2nd quarter, Holdings Channel reports. The fund bought 283,588 shares of the technology company’s stock, valued at approximately $6,905,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Informatica in the 2nd quarter valued at about $101,723,000. Invesco Ltd. grew its stake in shares of Informatica by 5.1% during the 2nd quarter. Invesco Ltd. now owns 3,790,141 shares of the technology company’s stock worth $92,290,000 after acquiring an additional 182,304 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Informatica by 555.6% in the second quarter. California State Teachers Retirement System now owns 2,332,271 shares of the technology company’s stock valued at $56,791,000 after acquiring an additional 1,976,500 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Informatica by 25.7% during the second quarter. JPMorgan Chase & Co. now owns 2,053,771 shares of the technology company’s stock worth $50,009,000 after buying an additional 419,436 shares during the last quarter. Finally, Whitebox Advisors LLC bought a new stake in Informatica during the second quarter worth $49,918,000. Institutional investors own 98.45% of the company’s stock.

Insider Transactions at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 10,193 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $24.89, for a total value of $253,703.77. Following the completion of the transaction, the executive vice president owned 309,204 shares in the company, valued at $7,696,087.56. This represents a 3.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Informatica in a research report on Thursday, November 13th. Sixteen research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Informatica presently has an average rating of “Reduce” and an average price target of $23.67.

Informatica Stock Performance

INFA stock opened at $24.79 on Friday. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $27.88. The business has a 50-day simple moving average of $24.83 and a 200 day simple moving average of $24.64. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.73.

Informatica (NYSE:INFA) last issued its earnings results on Wednesday, November 5th. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. Informatica had a return on equity of 5.51% and a net margin of 0.62%.The firm had revenue of $439.16 million during the quarter, compared to the consensus estimate of $437.21 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts predict that Informatica Inc. will post 0.63 EPS for the current fiscal year.

About Informatica

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.