Informatica Inc. (NYSE:INFA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Informatica Inc. (NYSE:INFA) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $33.27.

A number of research analysts have weighed in on the stock. Guggenheim reaffirmed a “buy” rating on shares of Informatica in a research note on Friday, October 18th. JPMorgan Chase & Co. dropped their price target on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. UBS Group boosted their price objective on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Truist Financial initiated coverage on Informatica in a research report on Thursday, December 12th. They set a “buy” rating and a $34.00 target price on the stock.

Insider Buying and Selling at Informatica

In related news, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.05, for a total value of $290,354.70. Following the completion of the sale, the executive vice president now owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76. Following the sale, the chief accounting officer now directly owns 142,671 shares in the company, valued at approximately $3,817,875.96. This trade represents a 6.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,296 shares of company stock worth $1,057,684 in the last quarter. 48.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Informatica

Several large investors have recently modified their holdings of the business. First Horizon Advisors Inc. bought a new position in shares of Informatica in the second quarter worth $32,000. Bank of New York Mellon Corp boosted its stake in Informatica by 118.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 368,242 shares of the technology company’s stock worth $11,371,000 after purchasing an additional 200,025 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Informatica by 11.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,411,822 shares of the technology company’s stock valued at $43,597,000 after buying an additional 141,163 shares in the last quarter. Summit Securities Group LLC purchased a new position in Informatica during the 2nd quarter valued at about $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Informatica by 47.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,040 shares of the technology company’s stock valued at $434,000 after buying an additional 4,523 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Informatica Price Performance

Shares of INFA opened at $26.86 on Monday. The business’s fifty day moving average is $26.36 and its 200 day moving average is $26.28. Informatica has a 12-month low of $22.08 and a 12-month high of $39.80. 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 cap of $8.20 billion, a P/E ratio of 127.91, a P/E/G ratio of 5.68 and a beta of 1.00.

Informatica declared that its board has authorized a stock buyback program on Wednesday, October 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 5.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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.