Informatica Inc. (NYSE:INFA) Given Average Recommendation of “Hold” by Analysts

Informatica Inc. (NYSE:INFA) has earned a consensus recommendation of “Hold” from the sixteen research firms that are covering the firm, MarketBeat Ratings reports. Sixteen research analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $23.6667.

INFA has been the subject of several recent research reports. Royal Bank Of Canada set a $25.00 target price on shares of Informatica in a research note on Wednesday, May 28th. Wolfe Research cut shares of Informatica from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Truist Financial cut shares of Informatica from a “strong-buy” rating to a “hold” rating and raised their price objective for the stock from $24.00 to $25.00 in a research note on Wednesday, May 28th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $25.00 price objective (up from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Finally, Robert W. Baird raised their target price on shares of Informatica from $19.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 28th.

Informatica Stock Performance

NYSE INFA opened at $24.81 on Wednesday. Informatica has a 1 year low of $15.65 and a 1 year high of $28.14. The company has a market capitalization of $7.56 billion, a PE ratio of -620.25, a P/E/G ratio of 6.68 and a beta of 1.15. The company has a fifty day moving average of $24.68 and a two-hundred day moving average of $21.82. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 2.01.

Informatica (NYSE:INFA) last announced its earnings results on Wednesday, August 6th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The business had revenue of $407.34 million for the quarter, compared to analyst estimates of $401.76 million. During the same quarter last year, the company posted $0.23 EPS. Informatica’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, analysts expect that Informatica will post 0.63 earnings per share for the current year.

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 49,104 shares of Informatica stock in a transaction on Friday, August 15th. The shares were sold at an average price of $24.72, for a total value of $1,213,850.88. Following the transaction, the executive vice president owned 352,266 shares in the company, valued at $8,708,015.52. This trade represents a 12.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Francis R. Santiago sold 16,790 shares of Informatica stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $24.78, for a total transaction of $416,056.20. Following the completion of the transaction, the chief accounting officer owned 43,851 shares in the company, valued at approximately $1,086,627.78. This trade represents a 27.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 431,625 shares of company stock worth $10,712,841 in the last 90 days. Company insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Informatica

A number of hedge funds have recently made changes to their positions in INFA. Amalgamated Bank lifted its holdings in shares of Informatica by 11.9% during the 2nd quarter. Amalgamated Bank now owns 4,577 shares of the technology company’s stock valued at $111,000 after acquiring an additional 488 shares in the last quarter. Cooper Financial Group raised its position in Informatica by 3.0% in the first quarter. Cooper Financial Group now owns 24,954 shares of the technology company’s stock valued at $435,000 after purchasing an additional 718 shares during the period. New Age Alpha Advisors LLC lifted its stake in shares of Informatica by 51.5% during the first quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company’s stock worth $44,000 after purchasing an additional 862 shares in the last quarter. L. Roy Papp & Associates LLP boosted its position in shares of Informatica by 1.9% in the first quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company’s stock worth $889,000 after buying an additional 961 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Informatica by 540.4% in the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company’s stock valued at $25,000 after buying an additional 1,216 shares in the last quarter. Institutional investors and hedge funds 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.