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

Shares of Informatica Inc. (NYSE:INFA) have received a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $33.27.

A number of brokerages recently issued reports on INFA. JPMorgan Chase & Co. lowered their price target on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Truist Financial assumed coverage on Informatica in a research report on Thursday, December 12th. They issued a “buy” rating and a $34.00 price target on the stock. UBS Group raised their price objective on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Guggenheim reissued a “buy” rating on shares of Informatica in a report on Friday, October 18th.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the sale, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. This represents a 2.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,035 shares of the company’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 transaction of $271,547.10. Following the completion of the transaction, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. The trade was a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,296 shares of company stock valued at $1,057,684. 48.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Informatica

Several large investors have recently made changes to their positions in INFA. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Informatica by 11.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock valued at $201,000 after buying an additional 810 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Informatica by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 21,824 shares of the technology company’s stock valued at $674,000 after purchasing an additional 902 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in Informatica by 10.6% during the third quarter. Verdence Capital Advisors LLC now owns 10,387 shares of the technology company’s stock valued at $263,000 after purchasing an additional 993 shares during the last quarter. Amalgamated Bank grew its stake in shares of Informatica by 42.1% in the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock worth $108,000 after buying an additional 1,037 shares in the last quarter. Finally, O Neil Global Advisors Inc. increased its holdings in shares of Informatica by 23.5% in the 2nd quarter. O Neil Global Advisors Inc. now owns 7,961 shares of the technology company’s stock worth $246,000 after buying an additional 1,516 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Informatica Stock Down 1.1 %

INFA stock opened at $25.65 on Friday. Informatica has a fifty-two week low of $22.08 and a fifty-two week high of $39.80. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 122.15, a price-to-earnings-growth ratio of 5.71 and a beta of 0.99. The business’s 50 day moving average price is $26.24 and its two-hundred day moving average price is $25.98. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

Informatica declared that its Board of Directors 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 stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

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.