Price T Rowe Associates Inc. MD Sells 565,744 Shares of Informatica Inc. (NYSE:INFA)

Price T Rowe Associates Inc. MD reduced its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 91.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,475 shares of the technology company's stock after selling 565,744 shares during the quarter. Price T Rowe Associates Inc. MD's holdings in Informatica were worth $1,387,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in INFA. Wells Fargo & Company MN boosted its stake in shares of Informatica by 15.0% in the 4th quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company's stock valued at $2,101,000 after purchasing an additional 10,553 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Informatica by 21.0% in the 4th quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company's stock valued at $534,000 after acquiring an additional 3,575 shares during the period. Norges Bank acquired a new stake in shares of Informatica in the 4th quarter valued at approximately $25,265,000. 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 valued at $84,000 after acquiring an additional 1,325 shares during the period. Finally, Geode Capital Management LLC increased its stake in Informatica by 24.4% during the 4th quarter. Geode Capital Management LLC now owns 1,508,989 shares of the technology company's stock worth $39,140,000 after purchasing an additional 295,801 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Informatica Price Performance

Shares of NYSE INFA traded down $0.08 during mid-day trading on Thursday, reaching $19.31. The company had a trading volume of 210,342 shares, compared to its average volume of 2,121,641. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica Inc. has a one year low of $15.65 and a one year high of $31.65. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 644.38, a PEG ratio of 4.44 and a beta of 1.04. The business's 50-day simple moving average is $18.07 and its 200 day simple moving average is $22.48.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The company had revenue of $403.90 million for the quarter, compared to analysts' expectations of $392.14 million. During the same quarter last year, the business earned $0.22 earnings per share. Informatica's revenue was up 3.9% on a year-over-year basis. On average, research analysts predict that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INFA has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 price target for the company. in a research note on Friday, February 14th. Royal Bank of Canada cut their price objective on Informatica from $20.00 to $19.00 and set a "sector perform" rating for the company in a report on Thursday, May 8th. DA Davidson cut their price target on Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, April 14th. UBS Group raised their price target on Informatica from $19.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, Wedbush downgraded Informatica to a "neutral" rating in a report on Friday, February 14th. Thirteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $23.62.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the transaction, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. The trade was 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 link. Company insiders own 48.10% of the company's stock.

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.