Informatica Inc. (NYSE:INFA) Given Consensus Recommendation of "Hold" by Brokerages

Informatica Inc. (NYSE:INFA - Get Free Report) has been assigned a consensus rating of "Hold" from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $24.67.

INFA has been the subject of several research reports. Cantor Fitzgerald started coverage on Informatica in a research note on Friday, January 17th. They set a "neutral" rating and a $29.00 price objective for the company. Wedbush downgraded Informatica to a "neutral" rating in a research note on Friday, February 14th. Royal Bank of Canada lowered 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 lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, UBS Group decreased their price target on shares of Informatica from $30.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday, February 14th.

Informatica Price Performance

INFA traded down $0.39 during trading on Wednesday, hitting $18.12. The company's stock had a trading volume of 1,691,646 shares, compared to its average volume of 2,064,083. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 604.03, a P/E/G ratio of 4.44 and a beta of 1.04. Informatica has a twelve month low of $16.37 and a twelve month high of $39.80. The business's fifty day simple moving average is $21.31 and its 200 day simple moving average is $24.33. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75.

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

Insider Buying and Selling

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the sale, the executive vice president now owns 328,799 shares of the company's stock, valued at $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 48.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after acquiring an additional 667 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in Informatica during the fourth quarter worth about $32,000. KBC Group NV lifted its position in shares of Informatica by 69.4% during the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company's stock worth $84,000 after purchasing an additional 1,325 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Informatica by 30.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company's stock valued at $159,000 after purchasing an additional 1,437 shares during the period. Finally, Cooper Financial Group boosted its stake in shares of Informatica by 6.6% in the fourth quarter. Cooper Financial Group now owns 24,236 shares of the technology company's stock valued at $628,000 after purchasing an additional 1,504 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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.