Informatica’s (INFA) “Buy” Rating Reiterated at Guggenheim

Guggenheim reaffirmed their buy rating on shares of Informatica (NYSE:INFA) in a research note published on Friday,Benzinga reports. They currently have a $37.00 price target on the technology company’s stock.

A number of other brokerages have also recently commented on INFA. Truist Financial assumed coverage on Informatica in a report on Thursday, December 12th. They set a “buy” rating and a $34.00 target price for the company. JPMorgan Chase & Co. dropped their target price on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Cantor Fitzgerald initiated coverage on shares of Informatica in a research note on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target on the stock. Finally, UBS Group raised their price objective on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.92.

Informatica Trading Up 0.2 %

Shares of INFA opened at $25.68 on Friday. 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 firm has a 50-day moving average price of $25.97 and a 200 day moving average price of $25.43. Informatica has a 12-month low of $22.08 and a 12-month high of $39.80. The firm has a market capitalization of $7.84 billion, a P/E ratio of 122.29, a P/E/G ratio of 3.63 and a beta of 0.99.

Informatica announced that its board has authorized a stock repurchase plan on Wednesday, October 30th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the technology company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Informatica

In related news, CAO Mark Pellowski sold 10,035 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the completion of the sale, the chief accounting officer now directly owns 138,477 shares in the company, valued at approximately $3,747,187.62. This trade represents a 6.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John Arthur Schweitzer sold 10,734 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.05, for a total value of $290,354.70. Following the sale, the executive vice president now owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. This represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INFA. ORG Wealth Partners LLC bought a new position in Informatica during the fourth quarter worth about $32,000. Quarry LP acquired a new position in shares of Informatica in the 3rd quarter worth approximately $38,000. National Bank of Canada FI lifted its position in shares of Informatica by 3,288.0% during the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after buying an additional 1,644 shares during the period. FNY Investment Advisers LLC acquired a new stake in Informatica in the 4th quarter valued at $54,000. Finally, KBC Group NV grew its position in Informatica by 69.4% in the fourth 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. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.