Raymond James Financial Inc. Makes New $4.49 Million Investment in Informatica Inc. (NYSE:INFA)

Raymond James Financial Inc. bought a new stake in Informatica Inc. (NYSE:INFA) in the 4th quarter, Holdings Channel.com reports. The fund bought 173,019 shares of the technology company’s stock, valued at approximately $4,486,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in INFA. Charles Schwab Investment Management Inc. boosted its holdings in Informatica by 62.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock valued at $15,571,000 after acquiring an additional 237,876 shares during the last quarter. Victory Capital Management Inc. lifted its position in Informatica by 21.0% during the 4th quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company’s stock valued at $534,000 after purchasing an additional 3,575 shares during the period. Summit Partners Public Asset Management LLC bought a new position in shares of Informatica in the 3rd quarter valued at about $2,781,000. Wellington Management Group LLP grew its position in shares of Informatica by 29.9% during the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after buying an additional 2,662,379 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Informatica by 826.8% during the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock worth $37,519,000 after buying an additional 1,324,006 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 48.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on INFA shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $19.00 price objective (down from $35.00) on shares of Informatica in a research note on Friday, February 14th. The Goldman Sachs Group cut Informatica from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $38.00 to $20.00 in a research note on Friday, February 14th. Guggenheim reissued a “buy” rating and issued a $37.00 target price on shares of Informatica in a research note on Friday, January 31st. Cantor Fitzgerald assumed coverage on Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a research report on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Informatica presently has a consensus rating of “Hold” and a consensus price target of $24.67.

Informatica Price Performance

Shares of NYSE INFA opened at $18.83 on Wednesday. The company has a fifty day moving average price of $21.66 and a 200 day moving average price of $24.46. The firm has a market cap of $5.70 billion, a PE ratio of 627.88, a PEG ratio of 4.44 and a beta of 1.04. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a 1-year low of $16.37 and a 1-year high of $39.80.

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