UBS Group Cuts Informatica (NYSE:INFA) Price Target to $19.00

Informatica (NYSE:INFA) had its price objective trimmed by UBS Group from $30.00 to $19.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

A number of other analysts also recently issued reports on the stock. Wells Fargo & Company reissued an “equal weight” rating and set a $19.00 price target (down from $34.00) on shares of Informatica in a report on Friday. Cantor Fitzgerald initiated coverage on shares of Informatica in a report on Friday, January 17th. They set a “neutral” rating and a $29.00 price target on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $19.00 price objective (down from $35.00) on shares of Informatica in a report on Friday. Deutsche Bank Aktiengesellschaft downgraded shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a report on Friday. Finally, Truist Financial reaffirmed a “buy” rating and set a $24.00 price objective (down from $34.00) on shares of Informatica in a report on Friday. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average 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 firm’s fifty day simple moving average is $25.65 and its 200-day simple moving average is $25.48. The company has a market capitalization of $5.98 billion, a P/E ratio of 93.27, a price-to-earnings-growth ratio of 3.65 and a beta of 0.99. 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 has a 12 month low of $16.37 and a 12 month high of $39.80.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.29% and a net margin of 3.89%. The firm had revenue of $428.31 million for the quarter, compared to analysts’ expectations of $457.55 million. As a group, equities research analysts forecast that Informatica will post 0.43 earnings per share for the current year.

Informatica announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 30th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the technology company to repurchase 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 Buying and Selling at Informatica

In other 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 value 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 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 firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.05, for a total transaction of $290,354.70. Following the completion of the transaction, the executive vice president now directly owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its stake in shares of Informatica by 987.2% in the fourth quarter. Jane Street Group LLC now owns 90,240 shares of the technology company’s stock valued at $2,340,000 after purchasing an additional 81,940 shares during the period. One68 Global Capital LLC acquired a new position in Informatica during the 4th quarter worth approximately $778,000. Unisphere Establishment acquired a new position in Informatica during the 4th quarter worth approximately $3,112,000. Soros Fund Management LLC acquired a new position in Informatica during the 4th quarter worth approximately $6,482,000. Finally, AQR Capital Management LLC grew its holdings in Informatica by 110.2% during the 4th quarter. AQR Capital Management LLC now owns 228,332 shares of the technology company’s stock worth $5,921,000 after acquiring an additional 119,691 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.