T. Rowe Price Investment Management Inc. Raises Holdings in Informatica Inc. (NYSE:INFA)

T. Rowe Price Investment Management Inc. boosted its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 49.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,975 shares of the technology company's stock after purchasing an additional 45,455 shares during the period. T. Rowe Price Investment Management Inc.'s holdings in Informatica were worth $3,578,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in Informatica by 15.0% in the fourth quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company's stock valued at $2,101,000 after acquiring an additional 10,553 shares during the period. Victory Capital Management Inc. lifted its stake 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 worth $534,000 after purchasing an additional 3,575 shares during the period. Norges Bank purchased a new position in shares of Informatica in the fourth quarter worth approximately $25,265,000. JPMorgan Chase & Co. grew its position in Informatica by 826.8% during the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company's stock valued at $37,519,000 after buying an additional 1,324,006 shares during the period. Finally, KBC Group NV increased its holdings in Informatica by 69.4% during the fourth 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 during the last quarter. Institutional investors own 98.45% of the company's stock.

Insider Activity

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction 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. This trade represents a 3.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 48.10% of the company's stock.

Informatica Stock Performance

INFA stock traded up $0.11 during midday trading on Thursday, reaching $18.94. The stock had a trading volume of 2,333,508 shares, compared to its average volume of 2,122,264. The firm has a fifty day simple moving average of $18.03 and a two-hundred day simple moving average of $22.95. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $31.65. 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 stock has a market cap of $5.73 billion, a PE ratio of 631.38, a P/E/G ratio of 4.44 and a beta of 1.06.

Informatica (NYSE:INFA - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). The business had revenue of $428.31 million for 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%. As a group, equities research analysts anticipate that Informatica Inc. will post 0.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on INFA shares. Wedbush downgraded shares of Informatica to a "neutral" rating in a research report on Friday, February 14th. Robert W. Baird reaffirmed a "neutral" rating and issued a $19.00 price objective (down previously from $35.00) on shares of Informatica in a research note on Friday, February 14th. The Goldman Sachs Group cut 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. Cantor Fitzgerald assumed coverage on shares of Informatica in a report on Friday, January 17th. They issued a "neutral" rating and a $29.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft downgraded Informatica from a "buy" rating to a "hold" rating and set a $21.00 target price on the stock. 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $24.15.

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.