Informatica (NYSE:INFA) Earns Equal Weight Rating from Wells Fargo & Company

Informatica (NYSE:INFA)‘s stock had its “equal weight” rating reaffirmed by Wells Fargo & Company in a note issued to investors on Friday, Marketbeat Ratings reports. They presently have a $19.00 target price on the technology company’s stock, down from their previous target price of $34.00. Wells Fargo & Company‘s target price indicates a potential downside of 2.99% from the company’s previous close.

INFA has been the subject of a number of other research reports. UBS Group boosted their target price on shares of Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. 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 objective for the company. Cantor Fitzgerald assumed coverage on shares of Informatica in a research note on Friday, January 17th. They set a “neutral” rating and a $29.00 target price for the company. JPMorgan Chase & Co. dropped their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Guggenheim reaffirmed a “buy” rating and set a $37.00 price objective on shares of Informatica in a research report on Friday, January 31st. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.17.

Informatica Trading Down 22.2 %

INFA stock opened at $19.59 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. Informatica has a 12-month low of $16.37 and a 12-month high of $39.80. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 93.27, a PEG ratio of 3.65 and a beta of 0.99. The business’s 50-day moving average is $25.65 and its 200 day moving average is $25.47.

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). The business had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. Informatica had a net margin of 3.89% and a return on equity of 5.29%. On average, sell-side analysts anticipate that Informatica will post 0.43 EPS for the current fiscal year.

Informatica declared that its board has initiated a share repurchase plan on Wednesday, October 30th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity at Informatica

In other Informatica news, CAO Mark Pellowski sold 10,035 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were 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 in the company, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $290,354.70. Following the completion of the sale, the executive vice president now owns 353,778 shares in the company, valued at $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. 48.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Informatica

Several institutional investors have recently added to or reduced their stakes in INFA. FMR LLC lifted its holdings in Informatica by 126,639.2% during the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock valued at $268,889,000 after purchasing an additional 10,361,617 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Informatica by 398.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock valued at $178,046,000 after purchasing an additional 5,631,139 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Informatica by 29.9% during the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock valued at $292,339,000 after purchasing an additional 2,662,379 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in Informatica by 52.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company’s stock valued at $184,804,000 after purchasing an additional 2,459,197 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Informatica by 28.6% during the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock valued at $281,199,000 after purchasing an additional 2,409,023 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

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.