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

Informatica Inc. (NYSE:INFA - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $33.20.

Several equities analysts have weighed in on INFA shares. Robert W. Baird dropped their price objective on Informatica from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, July 31st. Scotiabank cut their price objective on shares of Informatica from $33.00 to $27.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 31st. Guggenheim restated a "buy" rating on shares of Informatica in a research report on Friday, October 18th. Citigroup cut their price target on shares of Informatica from $35.00 to $28.00 and set a "neutral" rating for the company in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group lowered their price objective on shares of Informatica from $44.00 to $38.00 and set a "buy" rating for the company in a research report on Wednesday, July 31st.

Insider Activity at Informatica

In other news, EVP John Arthur Schweitzer sold 8,501 shares of the business'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 $227,486.76. Following the completion of the transaction, the executive vice president now directly owns 393,686 shares in the company, valued at $10,535,037.36. The trade was a 2.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark Pellowski sold 10,026 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the transaction, the chief accounting officer now directly owns 142,671 shares of the company's stock, valued at $3,817,875.96. The trade was a 6.57 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of INFA. Teachers Retirement System of The State of Kentucky bought a new stake in Informatica in the 3rd quarter worth $1,613,000. Geode Capital Management LLC grew its stake in shares of Informatica by 34.5% in the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company's stock worth $30,677,000 after purchasing an additional 311,003 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Informatica during the 3rd quarter valued at about $396,000. XTX Topco Ltd bought a new position in Informatica during the 3rd quarter valued at approximately $325,000. Finally, National Bank of Canada FI lifted its holdings in Informatica by 3,288.0% in 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. Hedge funds and other institutional investors own 98.45% of the company's stock.

Informatica Stock Performance

NYSE INFA opened at $25.86 on Thursday. 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 has a 12-month low of $22.08 and a 12-month high of $39.80. The firm has a 50-day moving average price of $25.77 and a two-hundred day moving average price of $26.73. The company has a market capitalization of $7.90 billion, a P/E ratio of 123.15, a P/E/G ratio of 5.48 and a beta of 1.04.

Informatica announced that its Board of Directors has initiated a stock buyback plan on Wednesday, October 30th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

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.