Informatica (NYSE:INFA) Lowered to "Hold" Rating by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft downgraded shares of Informatica (NYSE:INFA - Free Report) from a buy rating to a hold rating in a research report sent to investors on Friday, MarketBeat.com reports. They currently have $21.00 price objective on the technology company's stock.

A number of other analysts also recently issued reports on the stock. Wells Fargo & Company reissued an "equal weight" rating and issued a $19.00 price objective (down previously from $34.00) on shares of Informatica in a report on Friday. Royal Bank of Canada downgraded shares of Informatica from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from $35.00 to $19.00 in a report on Friday. JPMorgan Chase & Co. cut their price objective on shares of Informatica from $38.00 to $34.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Guggenheim reissued a "buy" rating and issued a $37.00 price objective on shares of Informatica in a report on Friday, January 31st. Finally, UBS Group boosted their price objective on shares of Informatica from $27.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $24.67.

Informatica Stock Performance

Shares of INFA stock traded up $0.59 during midday trading on Friday, hitting $20.34. 11,262,143 shares of the company were exchanged, compared to its average volume of 2,463,749. The firm has a market capitalization of $6.21 billion, a P/E ratio of 96.84, a PEG ratio of 3.65 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The firm's 50 day moving average price is $25.53 and its two-hundred day moving average price is $25.45. Informatica has a 52 week low of $16.37 and a 52 week high of $39.80.

Informatica (NYSE:INFA - Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate of $457.55 million. Informatica had a return on equity of 5.29% and a net margin of 3.89%. As a group, equities research analysts anticipate that Informatica will post 0.43 earnings per share for the current year.

Informatica declared that its board has initiated a share buyback program on Wednesday, October 30th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 10,734 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.05, for a total transaction of $290,354.70. Following the completion of the transaction, the executive vice president now directly owns 353,778 shares in the company, valued at $9,569,694.90. This represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mark Pellowski sold 10,035 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.06, for a total transaction of $271,547.10. Following the transaction, the chief accounting officer now owns 138,477 shares of the company's stock, valued at approximately $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Informatica

A number of institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Informatica by 5.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,537 shares of the technology company's stock worth $3,955,000 after purchasing an additional 7,205 shares in the last quarter. Vident Advisory LLC bought a new stake in Informatica during the 4th quarter worth approximately $381,000. Squarepoint Ops LLC bought a new stake in Informatica during the 4th quarter worth approximately $2,062,000. Two Sigma Advisers LP bought a new stake in Informatica during the 4th quarter worth approximately $2,336,000. Finally, Two Sigma Investments LP grew its holdings in Informatica by 1,222.0% during the 4th quarter. Two Sigma Investments LP now owns 332,583 shares of the technology company's stock worth $8,624,000 after acquiring an additional 307,425 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.