Raymond James Financial Inc. Makes New Investment in Informatica Inc. (NYSE:INFA)

Raymond James Financial Inc. purchased a new position in Informatica Inc. (NYSE:INFA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 173,019 shares of the technology company's stock, valued at approximately $4,486,000. Raymond James Financial Inc. owned approximately 0.06% of Informatica at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in INFA. ORG Wealth Partners LLC purchased a new position in Informatica in the fourth quarter worth $32,000. New Age Alpha Advisors LLC purchased a new position in shares of Informatica in the 4th quarter worth about $43,000. FNY Investment Advisers LLC bought a new position in shares of Informatica during the 4th quarter valued at about $54,000. PNC Financial Services Group Inc. increased its position 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 during the last quarter. Finally, KBC Group NV raised its holdings in shares of Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after buying an additional 1,325 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company downgraded Informatica from a "buy" rating to an "equal weight" rating in a report on Friday, February 14th. Cantor Fitzgerald initiated coverage on Informatica in a research note on Friday, January 17th. They set a "neutral" rating and a $29.00 price objective for the company. The Goldman Sachs Group downgraded shares of Informatica from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $38.00 to $20.00 in a research note on Friday, February 14th. Royal Bank of Canada lowered shares of Informatica from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $35.00 to $19.00 in a report on Friday, February 14th. Finally, Truist Financial reaffirmed a "buy" rating and set a $24.00 price objective (down from $34.00) on shares of Informatica in a research note on Friday, February 14th. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $24.15.

Insider Transactions at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the completion of the sale, the executive vice president now owns 416,410 shares of the company's stock, valued at $7,516,200.50. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 48.10% of the company's stock.

Informatica Stock Up 0.4 %

NYSE INFA traded up $0.07 during trading hours on Tuesday, reaching $18.99. 2,147,132 shares of the company's stock traded hands, compared to its average volume of 2,116,265. The firm has a market cap of $5.75 billion, a PE ratio of 633.21, a PEG ratio of 4.44 and a beta of 1.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $32.51. The firm has a 50-day simple moving average of $18.07 and a 200 day simple moving average of $23.06.

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

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.