Informatica Inc. (NYSE:INFA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Informatica Inc. (NYSE:INFA) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $33.20.

Several analysts recently weighed in on the company. Citigroup decreased their price target on Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. UBS Group upped their target price on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Robert W. Baird cut their target price on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. The Goldman Sachs Group reduced their price target on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st.

Informatica Stock Performance

Informatica stock opened at $25.86 on Thursday. The company’s 50-day moving average price is $25.77 and its 200-day moving average price is $26.73. 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 has a twelve month low of $22.08 and a twelve month high of $39.80. The company has a market cap of $7.90 billion, a PE ratio of 123.14, a price-to-earnings-growth ratio of 5.28 and a beta of 1.04.

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

Insider Activity

In other news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the completion of the sale, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. The trade was a 6.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Arthur Schweitzer sold 8,501 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the sale, the executive vice president now owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. acquired a new stake in shares of Informatica during the 2nd quarter worth about $32,000. Quarry LP purchased a new stake in shares of Informatica during the third quarter valued at approximately $38,000. National Bank of Canada FI boosted its stake in shares of Informatica by 3,288.0% during the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after buying an additional 1,644 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Informatica in the 2nd quarter worth about $46,000. Finally, Amalgamated Bank increased its holdings in Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after buying an additional 1,037 shares during 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.