Informatica Inc. (NYSE:INFA) Given Consensus Rating of “Hold” by Brokerages

Shares of Informatica Inc. (NYSE:INFA) have been given a consensus rating of “Hold” by the seventeen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Sixteen research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $24.46.

INFA has been the topic of a number of recent analyst reports. Royal Bank of Canada set a $25.00 price target on shares of Informatica in a research note on Wednesday, May 28th. The Goldman Sachs Group increased their price objective on shares of Informatica from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Bank of America lowered shares of Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Robert W. Baird increased their price objective on shares of Informatica from $19.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research note on Friday, February 14th.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 11,729 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $19.36, for a total value of $227,073.44. Following the transaction, the executive vice president now directly owns 404,681 shares of the company’s stock, valued at approximately $7,834,624.16. This trade represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 139,431 shares of company stock valued at $3,223,479 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Informatica

Hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP raised its stake in Informatica by 13.8% during the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock worth $341,111,000 after purchasing an additional 1,591,037 shares during the period. Vanguard Group Inc. raised its stake in Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock worth $281,199,000 after purchasing an additional 2,409,023 shares during the period. FIL Ltd raised its stake in Informatica by 0.9% during the fourth quarter. FIL Ltd now owns 10,449,229 shares of the technology company’s stock worth $270,949,000 after purchasing an additional 93,685 shares during the period. FMR LLC raised its stake in Informatica by 126,639.2% during the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock worth $268,889,000 after purchasing an additional 10,361,617 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Informatica by 16.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock worth $209,075,000 after purchasing an additional 1,168,158 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Trading Down 0.1%

NYSE:INFA opened at $24.14 on Monday. Informatica has a 52 week low of $15.65 and a 52 week high of $31.65. The firm has a 50 day moving average of $19.45 and a 200 day moving average of $22.00. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 804.93, a PEG ratio of 4.44 and a beta of 1.17.

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

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.