Informatica Inc. (NYSE:INFA) Receives $24.67 Consensus PT from Analysts

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

INFA has been the topic of a number of recent analyst reports. Robert W. Baird reiterated a “neutral” rating and set a $19.00 target price (down previously from $35.00) on shares of Informatica in a research report on Friday, February 14th. 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, February 14th. Royal Bank of Canada lowered shares of Informatica from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Wells Fargo & Company downgraded shares of Informatica from a “buy” rating to an “equal weight” rating in a research report on Friday, February 14th. Finally, Cantor Fitzgerald initiated coverage on Informatica in a report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price objective on the stock.

Insider Activity

In other Informatica news, EVP John Arthur Schweitzer sold 10,734 shares of the business’s stock in a transaction dated 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 $9,569,694.90. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Mark Pellowski sold 10,035 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly 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 position. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.

Institutional Trading of Informatica

Institutional investors have recently made changes to their positions in the company. TFG Asset Management GP Ltd raised its position in Informatica by 50.0% in the fourth quarter. TFG Asset Management GP Ltd now owns 600,000 shares of the technology company’s stock valued at $15,558,000 after purchasing an additional 200,000 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Informatica by 18.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 27,729 shares of the technology company’s stock valued at $719,000 after buying an additional 4,236 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Informatica by 5.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,537 shares of the technology company’s stock valued at $3,955,000 after buying an additional 7,205 shares during the last quarter. Vident Advisory LLC purchased a new position in Informatica during the fourth quarter worth about $381,000. Finally, Squarepoint Ops LLC purchased a new position in Informatica during the fourth quarter worth about $2,062,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Informatica Trading Down 2.7 %

Shares of Informatica stock opened at $18.64 on Friday. The firm has a 50-day simple moving average of $24.24 and a two-hundred day simple moving average of $25.20. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica has a fifty-two week low of $16.37 and a fifty-two week high of $39.80. The company has a market cap of $5.69 billion, a P/E ratio of 621.54, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99.

Informatica (NYSE:INFA) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. As a group, equities analysts predict that Informatica will post 0.63 earnings per share for the current fiscal year.

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.