Informatica (NYSE:INFA) Cut to "Hold" at Baird R W

Informatica (NYSE:INFA - Get Free Report) was downgraded by equities researchers at Baird R W from a "strong-buy" rating to a "hold" rating in a research report issued on Friday,Zacks.com reports.

A number of other research firms have also issued reports on INFA. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $19.00 target price (down from $34.00) on shares of Informatica in a report on Friday, February 14th. Robert W. Baird reaffirmed a "neutral" rating and set a $19.00 target price (down from $35.00) on shares of Informatica in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft lowered Informatica from a "buy" rating to a "hold" rating and set a $21.00 target price on the stock. in a report on Friday, February 14th. Guggenheim reaffirmed a "buy" rating and set a $37.00 target price on shares of Informatica in a report on Friday, January 31st. Finally, Truist Financial reaffirmed a "buy" rating and set a $24.00 target price (down from $34.00) on shares of Informatica in a report on Friday, February 14th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $24.67.

Informatica Stock Performance

Shares of INFA traded down $0.41 during trading hours on Friday, reaching $19.98. 4,251,088 shares of the company's stock traded hands, compared to its average volume of 2,519,708. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 666.06, a P/E/G ratio of 2.70 and a beta of 0.99. 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 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 $25.28 and its two-hundred day simple moving average is $25.38.

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 analysts' consensus estimates of $0.38 by ($0.17). The business had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. Analysts predict that Informatica will post 0.68 earnings per share for the current year.

Informatica announced that its Board of Directors has approved a share buyback program on Wednesday, October 30th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the technology company to purchase up to 5.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 10,734 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.05, for a total transaction of $290,354.70. Following the completion of the sale, the executive vice president now directly owns 353,778 shares in the company, valued at approximately $9,569,694.90. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Mark Pellowski sold 10,035 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the sale, the chief accounting officer now owns 138,477 shares of the company's stock, valued at $3,747,187.62. The trade was a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 48.10% of the company's stock.

Institutional Investors Weigh In On Informatica

Institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its position in Informatica by 13.8% in the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock worth $341,111,000 after buying an additional 1,591,037 shares during the period. 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 purchasing an additional 2,409,023 shares in the last quarter. FIL Ltd boosted its stake in Informatica by 0.9% in the fourth quarter. FIL Ltd now owns 10,449,229 shares of the technology company's stock worth $270,949,000 after purchasing an additional 93,685 shares in the last quarter. FMR LLC boosted its stake in 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Informatica by 16.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock worth $209,075,000 after purchasing an additional 1,168,158 shares in 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.