Informatica Inc. (NYSE:INFA) Receives Average Rating of “Reduce” from Brokerages

Shares of Informatica Inc. (NYSE:INFA) have earned a consensus rating of “Reduce” from the seventeen brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and sixteen have given a hold rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $23.6667.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Informatica in a report on Thursday, November 13th.

Informatica Stock Performance

NYSE INFA opened at $24.79 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.16 and a quick ratio of 2.16. Informatica has a 1-year low of $15.65 and a 1-year high of $27.88. The stock has a 50-day moving average of $24.81 and a 200-day moving average of $24.69.

Informatica (NYSE:INFA) last announced its earnings results on Wednesday, November 5th. The technology company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The firm had revenue of $439.16 million for the quarter, compared to analysts’ expectations of $437.21 million. Informatica had a net margin of 0.62% and a return on equity of 5.51%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. Research analysts expect that Informatica will post 0.63 earnings per share for the current fiscal year.

Insider Activity

In other Informatica news, EVP John Arthur Schweitzer sold 10,193 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $24.89, for a total transaction of $253,703.77. Following the sale, the executive vice president directly owned 309,204 shares of the company’s stock, valued at $7,696,087.56. This trade represents a 3.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Informatica

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Informatica by 4.1% during the third quarter. Vanguard Group Inc. now owns 12,451,434 shares of the technology company’s stock worth $309,294,000 after buying an additional 487,091 shares in the last quarter. Bank of America Corp DE lifted its stake in Informatica by 0.6% during the third quarter. Bank of America Corp DE now owns 7,976,055 shares of the technology company’s stock worth $198,125,000 after purchasing an additional 50,527 shares during the last quarter. Pentwater Capital Management LP lifted its stake in Informatica by 7.8% during the third quarter. Pentwater Capital Management LP now owns 7,350,000 shares of the technology company’s stock worth $182,574,000 after purchasing an additional 529,000 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Informatica in the 2nd quarter valued at $121,750,000. Finally, Norges Bank bought a new position in shares of Informatica in the 2nd quarter valued at $101,723,000. 98.45% of the stock is currently owned by institutional investors.

About Informatica

Informatica (NYSE:INFA) is a global enterprise software company specializing in cloud-native data management solutions. Founded in 1993 and headquartered in Redwood City, California, Informatica has evolved from on-premises data integration tools into a comprehensive Intelligent Data Management Cloud (IDMC) platform. The company’s mission is to enable organizations to harness their data as a strategic asset through end-to-end capabilities spanning data integration, data quality, master data management and artificial intelligence‐driven metadata discovery.

At the core of Informatica’s offerings is the IDMC platform, which unifies multiple data management services in a single, microservices-based architecture.