Informatica (NYSE:INFA) Given New $22.00 Price Target at Royal Bank of Canada

Informatica (NYSE:INFA) had its price target hoisted by Royal Bank of Canada from $19.00 to $22.00 in a research report released on Tuesday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the technology company’s stock.

Several other research firms also recently weighed in on INFA. Robert W. Baird reissued a “neutral” rating and set a $19.00 price objective (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. The Goldman Sachs Group increased their price target on Informatica from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. DA Davidson lowered their price objective on Informatica from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Wedbush lowered Informatica to a “neutral” rating in a research note on Friday, February 14th. Finally, UBS Group lifted their price objective on Informatica from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.92.

Informatica Trading Up 6.1%

NYSE INFA opened at $23.92 on Tuesday. 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 twelve month low of $15.65 and a twelve month high of $31.65. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 797.60, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The business’s fifty day moving average is $18.51 and its 200 day moving average is $22.09.

Informatica (NYSE:INFA) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The company had revenue of $403.90 million for the quarter, compared to the consensus estimate of $392.14 million. During the same quarter last year, the business posted $0.22 EPS. Informatica’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts expect that Informatica will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the transaction, the executive vice president now directly owns 328,799 shares of the company’s stock, valued at approximately $5,977,565.82. The trade was a 3.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 34,735 shares of company stock valued at $643,827. 48.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Informatica

Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in shares of Informatica by 540.4% during the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,216 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Informatica by 7,053.8% during the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company’s stock valued at $32,000 after acquiring an additional 1,834 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Informatica during the fourth quarter valued at approximately $43,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Informatica by 1,545.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company’s stock valued at $49,000 after acquiring an additional 2,642 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Informatica by 126.1% during the first quarter. Deutsche Bank AG now owns 2,976 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,660 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

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.