Informatica (NYSE:INFA) Sees Strong Trading Volume – Time to Buy?

Shares of Informatica Inc. (NYSE:INFA) saw unusually-strong trading volume on Tuesday . Approximately 2,150,695 shares traded hands during trading, an increase of 1% from the previous session’s volume of 2,137,887 shares.The stock last traded at $19.79 and had previously closed at $19.75.

Analyst Upgrades and Downgrades

INFA has been the topic of several analyst reports. Royal Bank of Canada lowered shares of Informatica from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $35.00 to $19.00 in a report on Friday, February 14th. Baird R W lowered shares of Informatica from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company restated an “equal weight” rating and set a $19.00 price objective (down from $34.00) on shares of Informatica in a report on Friday, February 14th. UBS Group dropped their price objective on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped 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. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Informatica presently has an average rating of “Hold” and a consensus price target of $24.67.

Informatica Trading Down 0.3 %

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 business’s 50 day moving average price is $25.28 and its 200-day moving average price is $25.38. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 662.39, a PEG ratio of 4.41 and a beta of 0.99.

Informatica (NYSE:INFA) last issued its earnings results on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). The firm had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. On average, equities analysts anticipate that Informatica Inc. will post 0.65 EPS for the current fiscal year.

Informatica announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 30th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 5.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 10,734 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.05, for a total transaction of $290,354.70. Following the sale, the executive vice president now directly owns 353,778 shares of the company’s stock, valued at $9,569,694.90. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,035 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 138,477 shares in the company, valued at approximately $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Informatica by 62.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock valued at $15,571,000 after purchasing an additional 237,876 shares during the last quarter. Summit Partners Public Asset Management LLC acquired a new position in shares of Informatica during the 3rd quarter valued at $2,781,000. Wellington Management Group LLP raised its holdings 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 last quarter. JPMorgan Chase & Co. lifted its position in Informatica by 826.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock valued at $37,519,000 after acquiring an additional 1,324,006 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in 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 purchasing an additional 311,003 shares in the last quarter. 98.45% of the stock is owned by 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.