Horrell Capital Management Inc. Invests $4.41 Million in Informatica Inc. (NYSE:INFA)

Horrell Capital Management Inc. acquired a new position in shares of Informatica Inc. (NYSE:INFA) during the fourth quarter, HoldingsChannel reports. The firm acquired 170,000 shares of the technology company’s stock, valued at approximately $4,408,000. Informatica comprises 1.3% of Horrell Capital Management Inc.’s holdings, making the stock its 28th largest holding.

Several other institutional investors have also added to or reduced their stakes in INFA. ORG Wealth Partners LLC bought a new position in Informatica during the 4th quarter worth about $32,000. Quarry LP bought a new position in shares of Informatica during the third quarter worth about $38,000. National Bank of Canada FI raised its position in Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after buying an additional 1,644 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Informatica in the 4th quarter valued at approximately $54,000. Finally, PNC Financial Services Group Inc. lifted its stake in 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 in the last quarter. 98.45% of the stock is owned by institutional investors.

Informatica Stock Performance

Shares of NYSE INFA opened at $18.18 on Monday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $5.50 billion, a P/E ratio of 606.04, a P/E/G ratio of 4.44 and a beta of 1.04. Informatica Inc. has a 12 month low of $16.37 and a 12 month high of $39.80. The stock has a 50 day moving average of $21.89 and a 200-day moving average of $24.54.

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 return on equity of 5.76% and a net margin of 0.61%. The company had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. As a group, equities research analysts predict that Informatica Inc. will post 0.63 EPS for the current year.

Insider Buying and Selling

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 approximately $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 48.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on INFA. Baird R W downgraded shares of Informatica from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th. Robert W. Baird reiterated a “neutral” rating and issued a $19.00 price target (down from $35.00) on shares of Informatica in a research note on Friday, February 14th. Wedbush downgraded shares of Informatica to a “neutral” rating in a research note on Friday, February 14th. Cantor Fitzgerald started coverage on Informatica in a research report on Friday, January 17th. They issued a “neutral” rating and a $29.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft cut Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target for the company. in a research report on Friday, February 14th. Twelve 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 currently has an average rating of “Hold” and a consensus target price 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.