Informatica Inc. (NYSE:INFA) Receives $33.27 Consensus Target Price from Brokerages

Shares of Informatica Inc. (NYSE:INFA) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $33.27.

Several research firms have commented on INFA. UBS Group increased their price objective on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their target price on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Truist Financial initiated coverage on shares of Informatica in a report on Thursday, December 12th. They set a “buy” rating and a $34.00 target price for the company. Finally, Guggenheim reaffirmed a “buy” rating on shares of Informatica in a report on Friday, October 18th.

Insider Transactions at Informatica

In other Informatica news, 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 transaction, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Mark Pellowski sold 10,035 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the completion of the transaction, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at $3,747,187.62. This represents a 6.76 % decrease in their position. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new position in Informatica in the fourth quarter valued at $32,000. Quarry LP acquired a new position in shares of Informatica in the third quarter valued at approximately $38,000. National Bank of Canada FI increased its position in Informatica by 3,288.0% during the third 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 last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Informatica in the fourth quarter worth $54,000. Finally, Amalgamated Bank boosted 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 valued at $108,000 after purchasing an additional 1,037 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Informatica Trading Up 0.4 %

Shares of INFA stock opened at $24.52 on Friday. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 116.75, a PEG ratio of 3.42 and a beta of 0.99. 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 firm has a fifty day moving average price of $26.04 and a 200-day moving average price of $25.77. Informatica has a 1 year low of $22.08 and a 1 year high of $39.80.

Informatica announced that its Board of Directors has initiated a share buyback program 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 programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.