UBS Group Issues Pessimistic Forecast for Informatica (NYSE:INFA) Stock Price

Informatica (NYSE:INFA) had its price target decreased by UBS Group from $30.00 to $19.00 in a research report report published on Friday,Benzinga reports. UBS Group currently has a neutral rating on the technology company’s stock.

Several other analysts have also recently issued reports on INFA. Cantor Fitzgerald started coverage on Informatica in a research note on Friday, January 17th. They issued a “neutral” rating and a $29.00 target price on the stock. Wells Fargo & Company restated an “equal weight” rating and issued a $19.00 price objective (down from $34.00) on shares of Informatica in a report on Friday. Royal Bank of Canada lowered shares of Informatica from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $35.00 to $19.00 in a report on Friday. The Goldman Sachs Group lowered shares of Informatica from a “buy” rating to a “neutral” rating in a report on Friday. Finally, Guggenheim restated a “buy” rating and issued a $37.00 price objective on shares of Informatica in a report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Informatica has an average rating of “Hold” and an average price target of $26.17.

Informatica Stock Down 22.2 %

NYSE INFA opened at $19.59 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a market capitalization of $5.98 billion, a PE ratio of 93.27, a PEG ratio of 3.65 and a beta of 0.99. Informatica has a 1 year low of $16.37 and a 1 year high of $39.80. The business’s 50-day moving average is $25.65 and its 200 day moving average is $25.46.

Informatica (NYSE:INFA) last posted its earnings results 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). Informatica had a return on equity of 5.29% and a net margin of 3.89%. Sell-side analysts forecast that Informatica will post 0.43 earnings per share for the current year.

Informatica declared that its Board of Directors has authorized a share repurchase program on Wednesday, October 30th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Informatica news, CAO Mark Pellowski sold 10,035 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the completion of the sale, the chief accounting officer now owns 138,477 shares in the company, valued at approximately $3,747,187.62. This represents a 6.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John Arthur Schweitzer sold 10,734 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.05, for a total transaction of $290,354.70. Following the transaction, the executive vice president now directly owns 353,778 shares of the company’s stock, valued at $9,569,694.90. This trade represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in INFA. ORG Wealth Partners LLC bought a new position in shares of Informatica during the 4th quarter valued at about $32,000. Quarry LP bought a new position in shares of Informatica during the 3rd quarter valued at about $38,000. National Bank of Canada FI boosted its holdings in shares of Informatica by 3,288.0% during the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,644 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Informatica during the 4th quarter valued at about $43,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Informatica during the 4th quarter valued at about $54,000. Institutional investors own 98.45% of the company’s stock.

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.