Guggenheim Reaffirms Buy Rating for Informatica (NYSE:INFA)

Informatica (NYSE:INFA)‘s stock had its “buy” rating reiterated by Guggenheim in a research note issued on Friday,Benzinga reports. They currently have a $37.00 price target on the technology company’s stock. Guggenheim’s price target suggests a potential upside of 41.55% from the company’s current price.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. lowered their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Truist Financial assumed coverage on shares of Informatica in a research report on Thursday, December 12th. They issued a “buy” rating and a $34.00 price target on the stock. Cantor Fitzgerald assumed coverage on shares of Informatica in a research note on Friday, January 17th. They issued a “neutral” rating and a $29.00 target price for the company. Finally, UBS Group increased their price objective on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Informatica currently has a consensus rating of “Moderate Buy” and an average target price of $32.92.

Informatica Stock Up 2.0 %

NYSE INFA traded up $0.50 on Friday, reaching $26.14. The stock had a trading volume of 67,406 shares, compared to its average volume of 1,087,901. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 124.45, a P/E/G ratio of 3.63 and a beta of 0.99. The business has a 50 day moving average price of $25.99 and a 200 day moving average price of $25.45. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica has a 1 year low of $22.08 and a 1 year high of $39.80.

Informatica declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 30th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the technology company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Informatica

In other news, CAO Mark Pellowski sold 10,035 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the transaction, the chief accounting officer now directly owns 138,477 shares in the company, valued at $3,747,187.62. The trade was a 6.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Arthur Schweitzer sold 10,734 shares of the firm’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 value of $290,354.70. Following the completion of the sale, the executive vice president now directly owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. The trade was a 2.94 % 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INFA. ORG Wealth Partners LLC acquired a new position in shares of Informatica during the 4th quarter worth approximately $32,000. Quarry LP bought a new position in shares of Informatica during the third quarter worth about $38,000. National Bank of Canada FI lifted its position in shares of Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,644 shares during the period. FNY Investment Advisers LLC acquired a new position in Informatica in the fourth quarter valued at approximately $54,000. Finally, KBC Group NV boosted its stake in Informatica by 69.4% during the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock worth $84,000 after acquiring an additional 1,325 shares in the last quarter. 98.45% of the stock is 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.