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

Informatica Inc. (NYSE:INFA) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $32.18.

Several research firms have issued reports on INFA. Citigroup decreased their price target on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Robert W. Baird lowered their target price on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. UBS Group reduced their price target on Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Guggenheim reaffirmed a “buy” rating on shares of Informatica in a research report on Friday, October 18th. Finally, Wells Fargo & Company reduced their target price on Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st.

Informatica Price Performance

INFA stock opened at $26.72 on Friday. The stock’s 50 day moving average price is $25.35 and its 200 day moving average price is $27.70. The firm has a market cap of $8.09 billion, a P/E ratio of 50.42, a PEG ratio of 5.41 and a beta of 1.06. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.03 and a current ratio of 2.03. Informatica has a 1 year low of $18.71 and a 1 year high of $39.80.

Informatica (NYSE:INFA) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $400.63 million during the quarter, compared to analysts’ expectations of $402.97 million. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share. On average, sell-side analysts expect that Informatica will post 0.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Informatica

In related news, CAO Mark Pellowski sold 10,026 shares of the 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 $268,295.76. Following the completion of the sale, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the firm’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 $227,486.76. Following the transaction, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at $10,535,037.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the company’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 $3,817,875.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Informatica

Hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. acquired a new stake in Informatica during the 2nd quarter valued at $32,000. ORG Partners LLC acquired a new stake in shares of Informatica during the first quarter valued at about $43,000. Summit Securities Group LLC purchased a new stake in shares of Informatica during the second quarter worth about $46,000. Amalgamated Bank lifted its stake in shares of Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock worth $108,000 after acquiring an additional 1,037 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new position in Informatica in the third quarter valued at about $149,000. 98.45% of the stock is currently 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.