Brokerages Set Informatica Inc. (NYSE:INFA) PT at $33.27

Informatica Inc. (NYSE:INFA - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $33.27.

A number of brokerages have recently issued reports on INFA. JPMorgan Chase & Co. reduced their price target on Informatica from $38.00 to $34.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Truist Financial assumed coverage on Informatica in a research report on Thursday. They set a "buy" rating and a $34.00 target price on the stock. UBS Group lifted their price target on Informatica from $27.00 to $30.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Finally, Guggenheim restated a "buy" rating on shares of Informatica in a research report on Friday, October 18th.

Informatica Trading Up 1.5 %

INFA stock traded up $0.40 during mid-day trading on Monday, reaching $27.22. The company had a trading volume of 3,050,979 shares, compared to its average volume of 1,782,093. The company has a market capitalization of $8.31 billion, a PE ratio of 129.62, a price-to-earnings-growth ratio of 5.68 and a beta of 1.00. The firm has a 50 day moving average of $26.31 and a 200 day moving average of $26.31. Informatica has a 12 month low of $22.08 and a 12 month high of $39.80. 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 announced that its board has authorized a stock repurchase plan on Wednesday, October 30th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the technology company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, EVP John Arthur Schweitzer sold 8,501 shares of the 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 transaction, the executive vice president now owns 393,686 shares of the company's stock, valued at approximately $10,535,037.36. This represents a 2.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mark Pellowski sold 10,026 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $268,295.76. Following the completion of the sale, the chief accounting officer now directly owns 142,671 shares in the company, valued at $3,817,875.96. This trade represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in Informatica by 29.9% during the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company's stock worth $292,339,000 after purchasing an additional 2,662,379 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Informatica by 398.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company's stock valued at $178,046,000 after buying an additional 5,631,139 shares during the last quarter. Fiera Capital Corp lifted its stake in shares of Informatica by 439.2% during the 2nd quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company's stock worth $48,006,000 after buying an additional 1,266,265 shares during the last quarter. Geode Capital Management LLC lifted its position in Informatica by 34.5% during the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company's stock worth $30,677,000 after acquiring an additional 311,003 shares during the last quarter. Finally, State Street Corp increased its position in Informatica by 25.1% during the third quarter. State Street Corp now owns 1,051,013 shares of the technology company's stock worth $26,570,000 after acquiring an additional 210,843 shares during the period. 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.