T. Rowe Price Investment Management Inc. Buys 45,455 Shares of Informatica Inc. (NYSE:INFA)

T. Rowe Price Investment Management Inc. increased its stake in Informatica Inc. (NYSE:INFA) by 49.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,975 shares of the technology company’s stock after acquiring an additional 45,455 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Informatica were worth $3,578,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in shares of Informatica in the 4th quarter worth approximately $32,000. New Age Alpha Advisors LLC acquired a new position in Informatica in the fourth quarter valued at $43,000. FNY Investment Advisers LLC bought a new stake in Informatica during the fourth quarter valued at $54,000. PNC Financial Services Group Inc. boosted its position in Informatica by 35.3% during 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 last quarter. Finally, KBC Group NV raised its position 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 worth $84,000 after acquiring an additional 1,325 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Informatica Price Performance

Shares of NYSE INFA opened at $18.81 on Monday. 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 firm’s 50-day simple moving average is $18.09 and its 200 day simple moving average is $23.12. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 627.04, a PEG ratio of 4.44 and a beta of 1.06. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $32.51.

Informatica (NYSE:INFA) last announced its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). The company had revenue of $428.31 million for the quarter, compared to analysts’ expectations of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. As a group, research analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Activity

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

Analysts Set New Price Targets

INFA has been the topic of several research analyst reports. Wells Fargo & Company lowered Informatica from a “buy” rating to an “equal weight” rating in a research report on Friday, February 14th. UBS Group reduced their price objective on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, February 14th. Cantor Fitzgerald assumed coverage on shares of Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 target price on the stock. Royal Bank of Canada lowered shares of Informatica from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $35.00 to $19.00 in a research note on Friday, February 14th. Finally, Bank of America downgraded shares of Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Thirteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.15.

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.