Informatica (NYSE:INFA) Raised to “Hold” at Cantor Fitzgerald

Informatica (NYSE:INFA) was upgraded by analysts at Cantor Fitzgerald to a “hold” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm currently has a $29.00 target price on the technology company’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 18.83% from the stock’s current price.

A number of other brokerages have also recently commented on INFA. JPMorgan Chase & Co. lowered their target price on Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Guggenheim reiterated a “buy” rating on shares of Informatica in a report on Friday, October 18th. UBS Group boosted their price target on shares of Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Truist Financial assumed coverage on Informatica in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.92.

Informatica Stock Down 0.5 %

NYSE:INFA opened at $24.41 on Thursday. Informatica has a 52 week low of $22.08 and a 52 week high of $39.80. The stock’s fifty day moving average is $26.03 and its two-hundred day moving average is $25.73. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 116.22, a price-to-earnings-growth ratio of 3.42 and a beta of 0.99. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

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

Insider Transactions at Informatica

In related news, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the sale, the chief accounting officer now directly owns 138,477 shares in the company, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 10,734 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.05, for a total transaction of $290,354.70. Following the completion of the transaction, the executive vice president now owns 353,778 shares of the company’s stock, valued at $9,569,694.90. This 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 Investors Weigh In On Informatica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INFA. Wellington Management Group LLP increased its holdings in shares of Informatica by 29.9% in the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock valued at $292,339,000 after acquiring an additional 2,662,379 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Informatica by 398.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock worth $178,046,000 after buying an additional 5,631,139 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Informatica by 826.8% during the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock worth $37,519,000 after buying an additional 1,324,006 shares during the last quarter. Geode Capital Management LLC increased its position in Informatica by 34.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock valued at $30,677,000 after acquiring an additional 311,003 shares during the period. Finally, State Street Corp raised its stake in Informatica by 25.1% during the 3rd quarter. State Street Corp now owns 1,051,013 shares of the technology company’s stock valued at $26,570,000 after acquiring an additional 210,843 shares during the last quarter. Hedge funds and other institutional investors 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.