Informatica Inc. (NYSE:INFA) Receives Average Recommendation of "Hold" from Analysts

Shares of Informatica Inc. (NYSE:INFA - Get Free Report) have been given a consensus rating of "Hold" by the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $24.67.

Several equities analysts have issued reports on the stock. Royal Bank of Canada downgraded shares of Informatica from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $35.00 to $19.00 in a report on Friday, February 14th. Baird R W cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. Bank of America lowered shares of Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Wells Fargo & Company lowered shares of Informatica from a "buy" rating to an "equal weight" rating in a report on Friday, February 14th. Finally, Truist Financial reaffirmed a "buy" rating and set a $24.00 price objective (down previously from $34.00) on shares of Informatica in a report on Friday, February 14th.

Informatica Trading Down 0.8 %

NYSE INFA traded down $0.15 on Friday, hitting $18.15. 1,008,918 shares of the stock were exchanged, compared to its average volume of 2,463,949. The firm has a market capitalization of $5.54 billion, a P/E ratio of 605.20, a P/E/G ratio of 4.44 and a beta of 1.04. The stock has a fifty day moving average price of $23.59 and a two-hundred day moving average price of $25.03. Informatica has a 52-week low of $16.37 and a 52-week high of $39.80. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

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Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The business had revenue of $428.31 million for the quarter, compared to analysts' expectations of $457.55 million. Research analysts forecast that Informatica will post 0.63 EPS for the current fiscal year.

Insider Activity at Informatica

In other news, CAO Mark Pellowski sold 10,035 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Arthur Schweitzer sold 10,734 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now owns 353,778 shares in the company, valued at approximately $9,569,694.90. This represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Informatica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in shares of Informatica by 13.8% during the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock worth $341,111,000 after buying an additional 1,591,037 shares during the period. Vanguard Group Inc. boosted its holdings in Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock worth $281,199,000 after purchasing an additional 2,409,023 shares during the last quarter. FIL Ltd increased its stake in Informatica by 0.9% in the 4th quarter. FIL Ltd now owns 10,449,229 shares of the technology company's stock valued at $270,949,000 after buying an additional 93,685 shares during the last quarter. FMR LLC lifted its position in Informatica by 126,639.2% during the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock worth $268,889,000 after buying an additional 10,361,617 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Informatica by 16.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock valued at $209,075,000 after acquiring an additional 1,168,158 shares in the last quarter. Institutional investors 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.