Brokerages Set Informatica Inc. (NYSE:INFA) Target Price at $33.20

Shares of Informatica Inc. (NYSE:INFA - Get Free Report) have earned an average rating of "Moderate Buy" from the ten analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $33.20.

A number of equities analysts have recently issued reports on INFA shares. Royal Bank of Canada reissued an "outperform" rating and set a $35.00 price target on shares of Informatica in a research report on Wednesday, July 31st. The Goldman Sachs Group cut their price objective on shares of Informatica from $44.00 to $38.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. Scotiabank lowered their target price on Informatica from $33.00 to $27.00 and set a "sector perform" rating for the company in a report on Wednesday, July 31st. Robert W. Baird cut their price target on Informatica from $43.00 to $35.00 and set an "outperform" rating on the stock in a report on Wednesday, July 31st. Finally, UBS Group upped their price objective on Informatica from $27.00 to $30.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st.

Informatica Stock Up 2.5 %

NYSE:INFA traded up $0.64 during mid-day trading on Thursday, hitting $26.50. 1,179,356 shares of the company's stock were exchanged, compared to its average volume of 1,743,868. The company has a market cap of $8.09 billion, a PE ratio of 126.20, a P/E/G ratio of 5.48 and a beta of 1.04. 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 one year low of $22.08 and a one year high of $39.80. The business has a fifty day moving average price of $25.77 and a 200 day moving average price of $26.73.

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

Insider Activity

In other news, CAO Mark Pellowski sold 10,026 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76. Following the completion of the sale, the chief accounting officer now owns 142,671 shares of the company's stock, valued at $3,817,875.96. This represents a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Arthur Schweitzer sold 8,501 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the transaction, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 48.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP grew its position in Informatica by 29.9% in the third quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company's stock worth $292,339,000 after acquiring an additional 2,662,379 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Informatica by 398.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company's stock worth $178,046,000 after purchasing an additional 5,631,139 shares during the period. Vanguard Group Inc. increased its position in shares of Informatica by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 5,575,869 shares of the technology company's stock worth $195,155,000 after purchasing an additional 267,748 shares during the last quarter. Fiera Capital Corp raised its holdings in Informatica by 439.2% in the 2nd quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company's stock valued at $48,006,000 after buying an additional 1,266,265 shares during the period. Finally, Jericho Capital Asset Management L.P. acquired a new position in Informatica in the first quarter valued at about $52,045,000. Institutional investors and hedge funds 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.