Informatica Inc. (NYSE:INFA) Receives $33.27 Consensus PT from Brokerages

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

A number of analysts have issued reports on the company. UBS Group raised their target price on Informatica from $27.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Guggenheim reissued a "buy" rating on shares of Informatica in a report on Friday, October 18th. JPMorgan Chase & Co. lowered their price objective on Informatica from $38.00 to $34.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Finally, Truist Financial started coverage on shares of Informatica in a research report on Thursday, December 12th. They set a "buy" rating and a $34.00 target price for the company.

Informatica Stock Performance

Shares of INFA stock traded down $0.56 during trading hours on Friday, hitting $25.05. 1,156,102 shares of the company were exchanged, compared to its average volume of 1,173,400. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 119.29, a P/E/G ratio of 5.71 and a beta of 0.99. The firm has a fifty day simple moving average of $26.20 and a 200 day simple moving average of $25.97. Informatica has a 52-week low of $22.08 and a 52-week high of $39.80.

Informatica announced that its board has initiated a stock buyback program on Wednesday, October 30th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Informatica

In related news, EVP John Arthur Schweitzer sold 8,501 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 $227,486.76. Following the sale, the executive vice president now directly owns 393,686 shares of the company's stock, valued at $10,535,037.36. This trade represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the completion of the transaction, the chief accounting officer now directly owns 142,671 shares of the company's stock, valued at approximately $3,817,875.96. This represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,296 shares of company stock valued at $1,057,684 in the last three months. Company insiders own 48.10% of the company's stock.

Institutional Investors Weigh In On Informatica

A number of institutional investors have recently made changes to their positions in INFA. Allspring Global Investments Holdings LLC increased its stake 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 worth $178,046,000 after buying an additional 5,631,139 shares during the period. Wellington Management Group LLP grew its holdings in Informatica by 29.9% in the 3rd 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 last quarter. JPMorgan Chase & Co. increased its position in shares of Informatica by 826.8% in the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company's stock valued at $37,519,000 after acquiring an additional 1,324,006 shares during the period. Nippon Life Global Investors Americas Inc. bought a new position in shares of Informatica during the second quarter valued at about $10,806,000. Finally, Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 311,003 shares during the period. Hedge funds and other institutional investors 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.