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

Informatica Inc. (NYSE:INFA) has been assigned an average rating of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $24.67.

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group downgraded Informatica from a “buy” rating to a “neutral” rating and cut their price target for the company from $38.00 to $20.00 in a report on Friday, February 14th. Royal Bank of Canada downgraded Informatica from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $35.00 to $19.00 in a report on Friday, February 14th. Bank of America downgraded Informatica from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. Baird R W downgraded Informatica from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Cantor Fitzgerald assumed coverage on Informatica in a report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target on the stock.

Informatica Trading Down 0.7 %

INFA opened at $19.18 on Friday. The stock’s fifty day moving average is $24.40 and its two-hundred day moving average is $25.21. The company has a market capitalization of $5.86 billion, a P/E ratio of 639.48, a PEG ratio of 4.44 and a beta of 0.99. Informatica has a 52 week low of $16.37 and a 52 week high of $39.80. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm had revenue of $428.31 million for the quarter, compared to analysts’ expectations of $457.55 million. Analysts forecast that Informatica will post 0.63 earnings per share for the current year.

Insider Transactions at Informatica

In other Informatica news, 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 transaction of $271,547.10. Following the completion of the sale, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. The trade was a 6.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.05, for a total value of $290,354.70. Following the sale, the executive vice president now directly owns 353,778 shares of the company’s stock, valued at approximately $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.

Institutional Trading of Informatica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Informatica by 62.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock valued at $15,571,000 after buying an additional 237,876 shares during the period. Summit Partners Public Asset Management LLC acquired a new position in shares of Informatica in the 3rd quarter valued at about $2,781,000. Wellington Management Group LLP lifted its holdings in shares of Informatica by 29.9% in 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 buying an additional 2,662,379 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Informatica by 826.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock valued at $37,519,000 after buying an additional 1,324,006 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Informatica by 34.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock valued at $30,677,000 after buying an additional 311,003 shares during the period. Institutional investors and hedge funds 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.