Informatica (NYSE:INFA) Earns "Buy" Rating from Truist Financial

Informatica (NYSE:INFA - Get Free Report)'s stock had its "buy" rating restated by research analysts at Truist Financial in a report released on Friday,Benzinga reports. They presently have a $24.00 target price on the technology company's stock, down from their prior target price of $34.00. Truist Financial's target price would indicate a potential upside of 18.02% from the stock's current price.

A number of other analysts have also recently issued reports on the company. Guggenheim reissued a "buy" rating and set a $37.00 price objective on shares of Informatica in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Informatica from $38.00 to $34.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. The Goldman Sachs Group lowered shares of Informatica from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $38.00 to $20.00 in a research note on Friday. 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 target price for the company. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $19.00 price target (down previously from $34.00) on shares of Informatica in a research report on Friday. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $24.67.

Informatica Stock Performance

Shares of INFA stock traded up $0.59 during trading on Friday, hitting $20.34. The company's stock had a trading volume of 11,262,143 shares, compared to its average volume of 2,463,749. 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 company has a market cap of $6.21 billion, a PE ratio of 96.84, a P/E/G ratio of 3.65 and a beta of 0.99. The business has a fifty day moving average of $25.53 and a 200-day moving average of $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 quarterly earnings data 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 during 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, research analysts anticipate that Informatica will post 0.43 earnings per share for the current year.

Informatica declared that its board has approved a stock repurchase program on Wednesday, October 30th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 5.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, 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 value of $271,547.10. Following the sale, the chief accounting officer now owns 138,477 shares in the company, valued at $3,747,187.62. This represents a 6.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 10,734 shares of the firm'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 value of $290,354.70. Following the completion of the transaction, the executive vice president now directly owns 353,778 shares of the company's stock, valued at $9,569,694.90. The trade was a 2.94 % 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 Trading of Informatica

Several large investors have recently bought and sold shares of INFA. FMR LLC raised its stake in shares of Informatica by 126,639.2% during the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock worth $268,889,000 after buying an additional 10,361,617 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Informatica by 398.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company's stock valued at $178,046,000 after acquiring an additional 5,631,139 shares in the last quarter. 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 valued at $292,339,000 after acquiring an additional 2,662,379 shares in the last quarter. Pictet Asset Management Holding SA raised its position in Informatica by 52.7% during 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 acquiring an additional 2,459,197 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Informatica by 28.6% in the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after purchasing an additional 2,409,023 shares in the last quarter. 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.