Informatica (NYSE:INFA) Earns Neutral Rating from Robert W. Baird

Informatica (NYSE:INFA)‘s stock had its “neutral” rating reiterated by Robert W. Baird in a report issued on Friday, Marketbeat Ratings reports. They currently have a $19.00 price target on the technology company’s stock, down from their prior price target of $35.00. Robert W. Baird’s price objective would indicate a potential downside of 2.99% from the stock’s previous close.

A number of other research analysts have also recently commented on the stock. Cantor Fitzgerald started coverage on shares of Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 price target on the stock. Truist Financial started coverage on shares of Informatica in a research report on Thursday, December 12th. They set a “buy” rating and a $34.00 price target on the stock. UBS Group raised their target price on shares of Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Guggenheim restated a “buy” rating and issued a $37.00 target price on shares of Informatica in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their target price on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.17.

Informatica Stock 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. The company’s 50 day moving average is $25.65 and its 200 day moving average is $25.47. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 93.27, a price-to-earnings-growth ratio of 3.65 and a beta of 0.99. Informatica has a 1-year low of $16.37 and a 1-year high of $39.80.

Informatica (NYSE:INFA) last issued its quarterly earnings results 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 net margin of 3.89% and a return on equity of 5.29%. The business had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. Sell-side analysts predict that Informatica will post 0.43 EPS for the current fiscal year.

Informatica announced that its Board of Directors has approved a share repurchase program on Wednesday, October 30th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the technology company to buy up to 5.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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

Hedge Funds Weigh In On Informatica

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC raised its position in shares of Informatica by 987.2% in the 4th quarter. Jane Street Group LLC now owns 90,240 shares of the technology company’s stock worth $2,340,000 after purchasing an additional 81,940 shares during the last quarter. One68 Global Capital LLC purchased a new position in shares of Informatica in the 4th quarter worth about $778,000. Unisphere Establishment purchased a new position in shares of Informatica in the 4th quarter worth about $3,112,000. Soros Fund Management LLC purchased a new position in shares of Informatica in the 4th quarter worth about $6,482,000. Finally, AQR Capital Management LLC raised its position in shares of Informatica by 110.2% in the 4th quarter. AQR Capital Management LLC now owns 228,332 shares of the technology company’s stock worth $5,921,000 after purchasing an additional 119,691 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.