Informatica Inc. (NYSE:INFA) Receives Average Rating of “Moderate Buy” from Brokerages

Informatica Inc. (NYSE:INFA) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $32.55.

Several equities research analysts have issued reports on INFA shares. Wells Fargo & Company dropped their price objective on Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. The Goldman Sachs Group cut their price target on shares of Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. UBS Group reduced their price objective on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $35.00 target price on shares of Informatica in a research report on Wednesday, July 31st. Finally, Citigroup cut their target price on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 64,501 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $28.18, for a total value of $1,817,638.18. Following the sale, the executive vice president now owns 437,348 shares of the company’s stock, valued at approximately $12,324,466.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP John Arthur Schweitzer sold 64,501 shares of Informatica stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $28.18, for a total value of $1,817,638.18. Following the sale, the executive vice president now directly owns 437,348 shares in the company, valued at approximately $12,324,466.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $27.74, for a total transaction of $278,121.24. Following the transaction, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at $4,072,342.96. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Informatica

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in Informatica by 10.0% during the fourth quarter. Wellington Management Group LLP now owns 9,720,552 shares of the technology company’s stock worth $275,966,000 after purchasing an additional 883,642 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Informatica by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 5,575,869 shares of the technology company’s stock worth $195,155,000 after buying an additional 267,748 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Informatica by 439.2% in the 2nd quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock worth $48,006,000 after buying an additional 1,266,265 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in shares of Informatica in the first quarter valued at $52,045,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Informatica by 11.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,411,822 shares of the technology company’s stock valued at $43,597,000 after buying an additional 141,163 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Informatica Price Performance

Shares of INFA stock opened at $23.98 on Wednesday. The firm has a fifty day simple moving average of $24.54 and a 200-day simple moving average of $28.95. The company has a market capitalization of $7.08 billion, a PE ratio of -1,199.00, a price-to-earnings-growth ratio of 5.13 and a beta of 1.06. Informatica has a twelve month low of $18.71 and a twelve month high of $39.80. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77.

Informatica (NYSE:INFA) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The company had revenue of $400.63 million during the quarter, compared to analysts’ expectations of $402.97 million. During the same period in the prior year, the company posted $0.02 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts anticipate that Informatica will post 0.5 earnings per share for the current fiscal year.

Informatica Company 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.