Informatica (NYSE:INFA) Cut to “Hold” at Baird R W

Baird R W cut shares of Informatica (NYSE:INFA) from a strong-buy rating to a hold rating in a research note issued to investors on Friday morning,Zacks.com reports.

Several other brokerages also recently commented on INFA. Royal Bank of Canada downgraded shares of Informatica from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $35.00 to $19.00 in a research report on Friday. Robert W. Baird restated a “neutral” rating and issued a $19.00 price target (down previously from $35.00) on shares of Informatica in a research report on Friday. Wells Fargo & Company restated an “equal weight” rating and issued a $19.00 price target (down previously from $34.00) on shares of Informatica in a research report on Friday. The Goldman Sachs Group lowered shares of Informatica from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, Guggenheim reiterated a “buy” rating and issued a $37.00 price objective on shares of Informatica in a research note on Friday, January 31st. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.17.

Informatica Stock Down 22.2 %

INFA stock opened at $19.59 on Friday. Informatica has a 12 month low of $16.37 and a 12 month high of $39.80. The firm has a market cap of $5.98 billion, a PE ratio of 93.27, a P/E/G ratio of 3.65 and a beta of 0.99. The firm has a 50 day simple moving average of $25.65 and a 200 day simple moving average of $25.48. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica (NYSE:INFA) last released its earnings results on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). The business had revenue of $428.31 million for 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%. Equities research analysts forecast that Informatica will post 0.43 earnings per share for the current fiscal year.

Informatica declared that its Board of Directors has approved a stock buyback program on Wednesday, October 30th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Informatica

In related news, 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 in the company, valued at approximately $9,569,694.90. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $271,547.10. Following the completion of the transaction, the chief accounting officer now owns 138,477 shares in the company, valued at $3,747,187.62. The trade was a 6.76 % 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of INFA. Wellington Management Group LLP boosted its holdings in Informatica by 13.8% in the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock valued at $341,111,000 after purchasing an additional 1,591,037 shares during the period. Vanguard Group Inc. boosted its holdings in Informatica by 28.6% in 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 period. FIL Ltd boosted its holdings in Informatica by 0.9% in the 4th quarter. FIL Ltd now owns 10,449,229 shares of the technology company’s stock valued at $270,949,000 after purchasing an additional 93,685 shares during the period. FMR LLC boosted its holdings in Informatica by 126,639.2% in 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 period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Informatica by 16.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock valued at $209,075,000 after purchasing an additional 1,168,158 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.