170,000 Shares in Informatica Inc. (NYSE:INFA) Acquired by Horrell Capital Management Inc.

Horrell Capital Management Inc. purchased a new stake in Informatica Inc. (NYSE:INFA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 170,000 shares of the technology company’s stock, valued at approximately $4,408,000. Informatica makes up about 1.3% of Horrell Capital Management Inc.’s holdings, making the stock its 28th biggest position. Horrell Capital Management Inc. owned approximately 0.06% of Informatica at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of INFA. Vanguard Group Inc. increased its position in shares of Informatica by 28.6% during the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock worth $281,199,000 after purchasing an additional 2,409,023 shares in the last quarter. LPL Financial LLC grew its stake in Informatica by 23.5% during the fourth quarter. LPL Financial LLC now owns 107,444 shares of the technology company’s stock worth $2,638,000 after buying an additional 20,410 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Informatica during the fourth quarter worth about $368,000. Sei Investments Co. increased its holdings in shares of Informatica by 23.7% during the fourth quarter. Sei Investments Co. now owns 472,383 shares of the technology company’s stock worth $12,249,000 after buying an additional 90,544 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of Informatica by 1,213.8% in the fourth quarter. Quantbot Technologies LP now owns 120,367 shares of the technology company’s stock valued at $3,121,000 after acquiring an additional 111,205 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction on Monday, March 10th. The shares were 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 owns 328,799 shares of the company’s stock, valued at $5,977,565.82. The trade was a 3.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 48.10% of the stock is currently owned by company insiders.

Informatica Price Performance

INFA opened at $18.18 on Monday. The company has a fifty day moving average price of $21.89 and a two-hundred day moving average price of $24.54. 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 has a market capitalization of $5.50 billion, a PE ratio of 606.04, a P/E/G ratio of 4.44 and a beta of 1.04. Informatica Inc. has a 52 week low of $16.37 and a 52 week high of $39.80.

Informatica (NYSE:INFA) last released its quarterly earnings data 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 net margin of 0.61% and a return on equity of 5.76%. The company had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. As a group, analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on INFA. The Goldman Sachs Group lowered Informatica from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $38.00 to $20.00 in a research report on Friday, February 14th. Baird R W cut Informatica from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th. Robert W. Baird reaffirmed a “neutral” rating and issued a $19.00 price target (down from $35.00) on shares of Informatica in a report on Friday, February 14th. Truist Financial reiterated a “buy” rating and set a $24.00 price target (down previously from $34.00) on shares of Informatica in a research report on Friday, February 14th. Finally, Royal Bank of Canada cut shares of Informatica from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.67.

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.