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

Shares of Informatica Inc. (NYSE:INFA) have earned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $32.92.

Several research analysts recently issued reports on the stock. Truist Financial started coverage on shares of Informatica in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.00 price target for the company. UBS Group lifted their target price on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Cantor Fitzgerald initiated coverage on Informatica in a research note on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target on the stock. Guggenheim reiterated a “buy” rating and set a $37.00 price objective on shares of Informatica in a research note on Friday. Finally, JPMorgan Chase & Co. cut their target price on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th.

Insiders Place Their Bets

In related news, EVP John Arthur Schweitzer sold 10,734 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 353,778 shares in the company, valued at $9,569,694.90. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the sale, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.

Institutional Trading of Informatica

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in shares of Informatica by 19.3% during the fourth quarter. Rhumbline Advisers now owns 71,589 shares of the technology company’s stock worth $1,856,000 after purchasing an additional 11,575 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Informatica by 16.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock worth $209,075,000 after buying an additional 1,168,158 shares in the last quarter. FSR Wealth Management Ltd. acquired a new position in Informatica during the fourth quarter worth about $205,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Informatica by 50.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,929 shares of the technology company’s stock valued at $309,000 after acquiring an additional 3,994 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Informatica by 30.6% in the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company’s stock valued at $159,000 after acquiring an additional 1,437 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Informatica Stock Down 0.3 %

Shares of NYSE:INFA opened at $25.60 on Tuesday. Informatica has a 52-week low of $22.08 and a 52-week high of $39.80. The firm has a market capitalization of $7.82 billion, a P/E ratio of 121.92, a P/E/G ratio of 3.63 and a beta of 0.99. The stock has a 50 day moving average price of $25.96 and a 200-day moving average price of $25.44. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

Informatica announced that its Board of Directors has authorized a share buyback plan on Wednesday, October 30th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the technology company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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.