Informatica Inc. (NYSE:INFA) Receives $24.67 Average Target Price from Brokerages

Informatica Inc. (NYSE:INFA - Get Free Report) has been given a consensus recommendation of "Hold" by the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $24.67.

Several analysts have recently weighed in on the stock. Guggenheim reiterated a "buy" rating and issued a $37.00 price objective on shares of Informatica in a research note on Friday, January 31st. Bank of America lowered shares of Informatica from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Wedbush lowered shares of Informatica to a "neutral" rating in a research note on Friday, February 14th. Cantor Fitzgerald started coverage on shares of Informatica in a research note on Friday, January 17th. They set a "neutral" rating and a $29.00 price target for the company. Finally, Baird R W lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 14th.

Informatica Trading Up 0.6 %

Informatica stock traded up $0.11 during mid-day trading on Friday, hitting $18.71. 1,651,094 shares of the stock were exchanged, compared to its average volume of 2,526,205. The firm's fifty day simple moving average is $24.09 and its two-hundred day simple moving average is $25.16. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 623.81, a PEG ratio of 4.44 and a beta of 0.99. 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 $16.37 and a 12 month high of $39.80.

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Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share 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 the consensus estimate of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. Analysts forecast that Informatica will post 0.63 EPS for the current year.

Insider Buying and Selling

In other news, CAO Mark Pellowski sold 10,035 shares of the company's stock in a transaction dated Monday, December 16th. The stock was 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 in the company, valued at $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John Arthur Schweitzer sold 10,734 shares of the company'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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of INFA. FMR LLC increased its position in shares of Informatica by 126,639.2% in the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock worth $268,889,000 after purchasing an additional 10,361,617 shares during the last quarter. Wellington Management Group LLP boosted its stake 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 buying an additional 2,662,379 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in Informatica by 52.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock worth $184,804,000 after buying an additional 2,459,197 shares in the last quarter. Vanguard Group Inc. boosted its stake in Informatica by 28.6% in the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock worth $281,199,000 after buying an additional 2,409,023 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new stake in Informatica in the fourth quarter worth approximately $36,236,000. 98.45% of the stock is currently owned by institutional investors.

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.