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

Informatica Inc. (NYSE:INFA) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $33.27.

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Guggenheim reissued a “buy” rating on shares of Informatica in a research note on Friday, October 18th. Truist Financial assumed coverage on shares of Informatica in a research note on Thursday. They issued a “buy” rating and a $34.00 target price for the company. Finally, UBS Group increased their price target on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st.

Informatica Stock Down 0.9 %

INFA opened at $26.82 on Monday. The business’s fifty day simple moving average is $26.27 and its 200 day simple moving average is $26.32. Informatica has a 52 week low of $22.08 and a 52 week high of $39.80. The firm has a market cap of $8.19 billion, a P/E ratio of 127.71, a PEG ratio of 5.68 and a beta of 1.00. 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 announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 30th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the technology company to purchase up to 5.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Informatica

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

Institutional Investors Weigh In On Informatica

A number of large investors have recently made changes to their positions in the company. Oddo BHF Asset Management Sas acquired a new stake in shares of Informatica in the 3rd quarter valued at $1,394,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Informatica in the third quarter worth about $1,613,000. Geode Capital Management LLC boosted its stake in shares of Informatica by 34.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock worth $30,677,000 after acquiring an additional 311,003 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Informatica in the third quarter worth about $396,000. Finally, XTX Topco Ltd bought a new stake in Informatica in the 3rd quarter valued at $325,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

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.