Baird R W Downgrades Informatica (NYSE:INFA) to Hold

Baird R W downgraded shares of Informatica (NYSE:INFA) from a strong-buy rating to a hold rating in a research report released on Friday,Zacks.com reports.

A number of other brokerages have also issued reports on INFA. Cantor Fitzgerald assumed coverage on Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target for the company. in a research report on Friday. JPMorgan Chase & Co. reduced their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Robert W. Baird restated a “neutral” rating and issued a $19.00 price objective (down previously from $35.00) on shares of Informatica in a report on Friday. Finally, Bank of America lowered Informatica from a “buy” rating to a “neutral” rating in a report on Friday. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Informatica currently has a consensus rating of “Hold” and a consensus price target of $26.17.

Informatica Price Performance

Shares of INFA opened at $19.59 on Friday. The company has a market cap of $5.98 billion, a P/E ratio of 93.27, a PEG ratio of 3.65 and a beta of 0.99. The stock has a fifty day moving average price of $25.65 and a 200 day moving average price of $25.46. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. Informatica has a 12 month low of $16.37 and a 12 month high of $39.80.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.29% and a net margin of 3.89%. On average, research analysts forecast that Informatica will post 0.43 earnings per share for the current year.

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

Insiders Place Their Bets

In other Informatica news, CAO Mark Pellowski sold 10,035 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the sale, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Arthur Schweitzer sold 10,734 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were 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 directly owns 353,778 shares in the company, valued at $9,569,694.90. This trade represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

Institutional Trading of Informatica

Institutional investors have recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in shares of Informatica during the 4th quarter worth approximately $32,000. Quarry LP bought a new position in shares of Informatica during the 3rd quarter worth approximately $38,000. National Bank of Canada FI lifted its position in shares of Informatica by 3,288.0% during the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after buying an additional 1,644 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Informatica during the 4th quarter worth approximately $43,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Informatica during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

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.