Informatica Inc. (NYSE:INFA) Receives Average Recommendation of “Hold” from Analysts

Informatica Inc. (NYSE:INFA) has received a consensus rating of “Hold” from the fifteen analysts that are covering the company, MarketBeat reports. Twelve investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $24.67.

INFA has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, February 14th. The Goldman Sachs Group lowered Informatica from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $38.00 to $20.00 in a research report on Friday, February 14th. Royal Bank of Canada lowered Informatica from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft downgraded Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a report on Friday, February 14th. Finally, Wedbush cut Informatica to a “neutral” rating in a report on Friday, February 14th.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the transaction, the executive vice president now owns 328,799 shares of the company’s stock, valued at approximately $5,977,565.82. This trade represents a 3.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 48.10% of the stock is currently owned by insiders.

Institutional Trading of Informatica

Several institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its holdings in Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock worth $66,000 after buying an additional 667 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Informatica during the 4th quarter worth $32,000. KBC Group NV grew its stake in shares of Informatica by 69.4% in the 4th 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. Pacer Advisors Inc. raised its holdings in shares of Informatica by 30.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,437 shares during the last quarter. Finally, Cooper Financial Group lifted its position in shares of Informatica by 6.6% during the fourth quarter. Cooper Financial Group now owns 24,236 shares of the technology company’s stock valued at $628,000 after purchasing an additional 1,504 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Trading Up 1.3 %

NYSE INFA opened at $17.68 on Wednesday. The firm has a market capitalization of $5.35 billion, a PE ratio of 589.43, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The business’s 50-day moving average price is $21.02 and its two-hundred day moving average price is $24.21. 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 12 month low of $16.37 and a 12 month high of $39.80.

Informatica (NYSE:INFA) last announced 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). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. On average, analysts expect that Informatica will post 0.63 EPS for the current year.

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.