Informatica (NYSE:INFA) Receives “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Informatica (NYSE:INFA) in a research report released on Monday morning, Benzinga reports. They currently have a $41.00 target price on the technology company’s stock.

Several other equities research analysts have also issued reports on INFA. The Goldman Sachs Group raised shares of Informatica from a neutral rating to a buy rating and increased their target price for the stock from $26.00 to $44.00 in a research note on Friday, February 16th. Citigroup increased their price target on Informatica from $28.00 to $33.00 and gave the stock a neutral rating in a research report on Monday, February 12th. UBS Group boosted their price objective on Informatica from $27.00 to $37.00 and gave the company a neutral rating in a research report on Thursday, February 15th. Robert W. Baird began coverage on Informatica in a research report on Tuesday, April 2nd. They set an outperform rating and a $43.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Informatica from $33.00 to $38.00 and gave the company an overweight rating in a research note on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $34.78.

Informatica Stock Performance

Shares of NYSE INFA opened at $35.98 on Monday. The company has a 50 day simple moving average of $33.89 and a two-hundred day simple moving average of $28.45. The stock has a market cap of $10.62 billion, a price-to-earnings ratio of -78.22, a PEG ratio of 8.19 and a beta of 1.08. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.82. Informatica has a 12 month low of $13.29 and a 12 month high of $39.80.

Informatica (NYSE:INFA) last posted its earnings results on Wednesday, February 14th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. The firm had revenue of $445.18 million for the quarter, compared to analysts’ expectations of $431.51 million. As a group, analysts predict that Informatica will post 0.56 earnings per share for the current year.

Insider Buying and Selling at Informatica

In other news, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total transaction of $321,233.04. Following the completion of the sale, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at $4,836,021.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total value of $321,233.04. Following the transaction, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at approximately $4,836,021.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Arthur Schweitzer sold 65,709 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total value of $2,105,316.36. Following the completion of the sale, the executive vice president now owns 496,854 shares of the company’s stock, valued at $15,919,202.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,683 shares of company stock worth $5,564,047. Corporate insiders own 53.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of INFA. Vanguard Group Inc. increased its position in Informatica by 1.0% during the third quarter. Vanguard Group Inc. now owns 4,209,875 shares of the technology company’s stock worth $88,702,000 after purchasing an additional 42,582 shares during the last quarter. Tudor Investment Corp Et Al increased its holdings in shares of Informatica by 34.0% during the 3rd quarter. Tudor Investment Corp Et Al now owns 183,227 shares of the technology company’s stock worth $3,861,000 after buying an additional 46,520 shares during the last quarter. Swiss National Bank raised its position in shares of Informatica by 1.9% during the 3rd quarter. Swiss National Bank now owns 79,900 shares of the technology company’s stock valued at $1,683,000 after buying an additional 1,500 shares during the period. Kennedy Capital Management LLC raised its position in shares of Informatica by 32.5% during the 3rd quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company’s stock valued at $25,525,000 after buying an additional 297,289 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Informatica by 26.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 239,445 shares of the technology company’s stock valued at $5,045,000 after acquiring an additional 50,051 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.