Informatica (NYSE:INFA) Cut to Neutral at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Informatica (NYSE:INFA) from a buy rating to a neutral rating in a research note issued to investors on Friday, Marketbeat Ratings reports.

A number of other research analysts have also commented on the company. Bank of America lowered Informatica from a “buy” rating to a “neutral” rating in a research report on Friday. Truist Financial began coverage on Informatica in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.00 price target on the stock. UBS Group increased their target price on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Guggenheim reiterated a “buy” rating and set a $37.00 target price on shares of Informatica in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Informatica presently has an average rating of “Hold” and an average price target of $26.17.

Informatica Stock Down 22.2 %

Shares of NYSE:INFA opened at $19.59 on Friday. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 93.27, a PEG ratio of 3.65 and a beta of 0.99. The company has a quick ratio of 2.17, a current 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. The business’s 50 day moving average is $25.65 and its 200 day moving average is $25.48.

Informatica (NYSE:INFA) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a net margin of 3.89% and a return on equity of 5.29%. The company had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. On average, sell-side analysts forecast that Informatica will post 0.43 earnings per share for the current fiscal year.

Informatica declared that its Board of Directors has approved a stock buyback plan on Wednesday, October 30th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 5.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.05, for a total transaction of $290,354.70. Following the completion of the sale, the executive vice president now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark Pellowski sold 10,035 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. This trade represents a 6.76 % 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 corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its position in shares of Informatica by 62.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock worth $15,571,000 after acquiring an additional 237,876 shares in the last quarter. Summit Partners Public Asset Management LLC acquired a new stake in shares of Informatica in the third quarter worth $2,781,000. Wellington Management Group LLP increased its position in shares of Informatica by 29.9% in the third quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after acquiring an additional 2,662,379 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Informatica by 826.8% in the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock worth $37,519,000 after acquiring an additional 1,324,006 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Informatica by 34.5% in the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock worth $30,677,000 after acquiring an additional 311,003 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.