Horrell Capital Management Inc. Buys New Position in Informatica Inc. (NYSE:INFA)

Horrell Capital Management Inc. bought a new stake in Informatica Inc. (NYSE:INFA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 170,000 shares of the technology company's stock, valued at approximately $4,408,000. Informatica makes up 1.3% of Horrell Capital Management Inc.'s holdings, making the stock its 28th largest position. Horrell Capital Management Inc. owned 0.06% of Informatica at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Informatica by 35.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after acquiring an additional 667 shares during the period. ORG Wealth Partners LLC purchased a new stake in Informatica in the 4th quarter valued at $32,000. KBC Group NV boosted its stake in Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company's stock worth $84,000 after purchasing an additional 1,325 shares during the period. Pacer Advisors Inc. grew its position in Informatica by 30.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company's stock worth $159,000 after purchasing an additional 1,437 shares during the last quarter. Finally, Cooper Financial Group increased its stake in Informatica by 6.6% in the fourth quarter. Cooper Financial Group now owns 24,236 shares of the technology company's stock valued at $628,000 after purchasing an additional 1,504 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

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Informatica Price Performance

Shares of NYSE INFA traded down $0.39 during midday trading on Friday, hitting $18.12. The company had a trading volume of 1,691,646 shares, compared to its average volume of 2,064,083. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 604.03, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. Informatica Inc. has a twelve month low of $16.37 and a twelve month high of $39.80. The business has a 50-day simple moving average of $21.31 and a two-hundred day simple moving average of $24.33. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The firm had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. Equities research analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current year.

Analyst Ratings Changes

INFA has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 target price for the company. in a research note on Friday, February 14th. Royal Bank of Canada downgraded Informatica from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $35.00 to $19.00 in a research note on Friday, February 14th. Baird R W cut Informatica from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 14th. Truist Financial reiterated a "buy" rating and issued a $24.00 price objective (down from $34.00) on shares of Informatica in a research report on Friday, February 14th. Finally, Cantor Fitzgerald began coverage on shares of Informatica in a research report on Friday, January 17th. They set a "neutral" rating and a $29.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Informatica presently has an average rating of "Hold" and a consensus target price of $24.67.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the transaction, the executive vice president now directly owns 328,799 shares in the company, valued at $5,977,565.82. The trade was a 3.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 48.10% of the stock is owned by corporate insiders.

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.