Informatica Inc. (NYSE:INFA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Informatica Inc. (NYSE:INFA) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $33.27.

Several brokerages have recently commented on INFA. UBS Group increased their price objective on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their price objective 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. Guggenheim reiterated a “buy” rating on shares of Informatica in a report on Friday, October 18th. Finally, Truist Financial started coverage on shares of Informatica in a report on Thursday, December 12th. They set a “buy” rating and a $34.00 price target on the stock.

Informatica Stock Down 1.1 %

Informatica stock opened at $25.65 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 firm’s fifty day moving average price is $26.24 and its two-hundred day moving average price is $25.98. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 122.15, a price-to-earnings-growth ratio of 5.71 and a beta of 0.99. Informatica has a 1-year low of $22.08 and a 1-year high of $39.80.

Informatica announced that its Board of Directors has initiated a share repurchase program on Wednesday, October 30th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of Informatica stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the sale, the executive vice president now directly owns 393,686 shares in the company, valued at $10,535,037.36. The trade was a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, the chief accounting officer now owns 138,477 shares in the company, valued at approximately $3,747,187.62. This trade represents a 6.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,296 shares of company stock worth $1,057,684. 48.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Informatica

Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Informatica by 62.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock worth $15,571,000 after buying an additional 237,876 shares during the period. Summit Partners Public Asset Management LLC bought a new stake in shares of Informatica in the third quarter worth about $2,781,000. Bank of Montreal Can purchased a new position in Informatica during the 2nd quarter valued at about $2,442,000. Wellington Management Group LLP raised its position in Informatica by 29.9% during 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 purchasing an additional 2,662,379 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Informatica by 34.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock worth $30,677,000 after buying an additional 311,003 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

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.