Informatica (NYSE:INFA) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Informatica (NYSE:INFA) in a research note released on Friday, Marketbeat reports. The brokerage issued a neutral rating and a $29.00 target price on the technology company’s stock.

INFA has been the topic of several other reports. JPMorgan Chase & Co. reduced their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Guggenheim reissued a “buy” rating on shares of Informatica in a research report on Friday, October 18th. Truist Financial initiated coverage on shares of Informatica in a report on Thursday, December 12th. They set a “buy” rating and a $34.00 price target for the company. Finally, UBS Group boosted their price objective on shares of Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.92.

Informatica Stock Performance

Shares of INFA stock opened at $24.41 on Friday. 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 company has a market cap of $7.45 billion, a PE ratio of 116.22, a P/E/G ratio of 3.42 and a beta of 0.99. The company’s fifty day simple moving average is $26.03 and its 200-day simple moving average is $25.73. Informatica has a 52 week low of $22.08 and a 52 week high of $39.80.

Informatica announced that its board has initiated a stock buyback plan on Wednesday, October 30th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, CAO Mark Pellowski sold 10,035 shares of the 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 sale, the chief accounting officer now owns 138,477 shares in the company, valued at $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Arthur Schweitzer sold 10,734 shares of Informatica 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 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. 48.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Informatica

Hedge funds have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC bought a new position in shares of Informatica during the fourth quarter worth about $32,000. Quarry LP bought a new position in Informatica in the 3rd quarter worth about $38,000. National Bank of Canada FI increased its stake in shares of Informatica by 3,288.0% in the third 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 period. FNY Investment Advisers LLC bought a new stake in shares of Informatica during the fourth quarter valued at approximately $54,000. Finally, Amalgamated Bank boosted its position in shares of Informatica by 42.1% during the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock worth $108,000 after buying an additional 1,037 shares during the period. 98.45% of the stock is currently owned by institutional investors.

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.