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

Informatica Inc. (NYSE:INFA) has been assigned a consensus rating of “Hold” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $24.67.

A number of analysts have issued reports on INFA shares. UBS Group cut their target price on Informatica from $30.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, February 14th. The Goldman Sachs Group lowered Informatica from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $38.00 to $20.00 in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft downgraded Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a research report on Friday, February 14th. Robert W. Baird reissued a “neutral” rating and set a $19.00 price target (down previously from $35.00) on shares of Informatica in a research report on Friday, February 14th. Finally, Royal Bank of Canada lowered shares of Informatica from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $35.00 to $19.00 in a research note on Friday, February 14th.

Informatica Price Performance

INFA stock opened at $18.12 on Wednesday. Informatica has a 52-week low of $16.37 and a 52-week high of $39.80. The business has a fifty day moving average of $21.31 and a two-hundred day moving average of $24.33. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 604.03, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. 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 issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). The company had revenue of $428.31 million during the quarter, compared to analysts’ expectations of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. As a group, research analysts anticipate that Informatica will post 0.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the sale, the executive vice president now owns 328,799 shares in the company, valued at approximately $5,977,565.82. The trade was a 3.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 48.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Informatica

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its position in shares of Informatica by 126,639.2% during the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock worth $268,889,000 after purchasing an additional 10,361,617 shares in the last quarter. Wellington Management Group LLP increased its position in Informatica by 29.9% during the third quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after buying an additional 2,662,379 shares during the period. Pictet Asset Management Holding SA lifted its stake in Informatica by 52.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company’s stock valued at $184,804,000 after buying an additional 2,459,197 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Informatica by 28.6% in the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock valued at $281,199,000 after acquiring an additional 2,409,023 shares during the period. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Informatica during the fourth quarter worth approximately $36,236,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Informatica Company Profile

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.