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

Raymond James Financial Inc. bought a new stake in Informatica Inc. (NYSE:INFA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 173,019 shares of the technology company's stock, valued at approximately $4,486,000. Raymond James Financial Inc. owned about 0.06% of Informatica at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in shares of Informatica in the 4th quarter valued at $32,000. New Age Alpha Advisors LLC purchased a new position in shares of Informatica during the 4th quarter valued at approximately $43,000. FNY Investment Advisers LLC bought a new stake in shares of Informatica in the 4th quarter worth about $54,000. PNC Financial Services Group Inc. increased its holdings in shares of Informatica by 35.3% in the 4th 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 lifted 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 buying an additional 1,325 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Insiders Place Their Bets

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total value of $207,629.15. Following the transaction, the executive vice president now directly owns 416,410 shares of the company's stock, valued at $7,516,200.50. This represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 48.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on INFA. Royal Bank of Canada lowered shares of Informatica from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from $35.00 to $19.00 in a research report on Friday, February 14th. Baird R W downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. UBS Group lowered their price target on shares of Informatica from $30.00 to $19.00 and set a "neutral" rating on the stock in a report on Friday, February 14th. DA Davidson cut their price objective on Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Cantor Fitzgerald initiated coverage on Informatica in a report on Friday, January 17th. They set a "neutral" rating and a $29.00 price target for the company. Thirteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Informatica currently has a consensus rating of "Hold" and an average price target of $24.15.

Informatica Trading Up 2.1 %

Shares of INFA stock traded up $0.40 during trading hours on Thursday, reaching $19.23. The company had a trading volume of 520,328 shares, compared to its average volume of 2,115,204. The company has a 50 day moving average of $18.04 and a 200 day moving average of $23.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 640.88, a P/E/G ratio of 4.44 and a beta of 1.06. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $31.65.

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