Informatica's (INFA) "Neutral" Rating Reiterated at Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of Informatica (NYSE:INFA - Free Report) in a research report report published on Friday, MarketBeat reports. They currently have a $19.00 price target on the technology company's stock, down from their previous price target of $35.00.

A number of other equities research analysts have also weighed in on INFA. UBS Group boosted 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. Truist Financial began coverage on Informatica in a research note on Thursday, December 12th. They set a "buy" rating and a $34.00 price target on the stock. Wells Fargo & Company restated an "equal weight" rating and set a $19.00 price target (down previously from $34.00) on shares of Informatica in a research note on Friday. Cantor Fitzgerald started coverage on Informatica in a report on Friday, January 17th. They set a "neutral" rating and a $29.00 target price for the company. Finally, Guggenheim reaffirmed a "buy" rating and set a $37.00 target price on shares of Informatica in a report on Friday, January 31st. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $24.67.

Informatica Stock Up 3.0 %

INFA traded up $0.59 on Friday, hitting $20.34. The company had a trading volume of 11,262,143 shares, compared to its average volume of 2,463,749. Informatica has a 12-month low of $16.37 and a 12-month high of $39.80. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 96.84, a P/E/G 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 stock has a fifty day moving average price of $25.53 and a 200-day moving average price of $25.45.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.29% and a net margin of 3.89%. The business had revenue of $428.31 million for the quarter, compared to analysts' expectations of $457.55 million. Analysts predict that Informatica will post 0.43 EPS for the current fiscal year.

Informatica declared that its Board of Directors has authorized a stock 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 repurchase up to 5.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions at Informatica

In related news, EVP John Arthur Schweitzer sold 10,734 shares of the business's stock in a transaction that occurred on 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. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark Pellowski sold 10,035 shares of the business'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 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 Trading of Informatica

Several large investors have recently made changes to their positions in INFA. CWM LLC increased its position in shares of Informatica by 24.1% during the third quarter. CWM LLC now owns 38,995 shares of the technology company's stock worth $986,000 after purchasing an additional 7,585 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Informatica by 18.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 45,606 shares of the technology company's stock valued at $1,153,000 after buying an additional 7,000 shares in the last quarter. Ellsworth Advisors LLC grew its holdings in Informatica by 9.0% in the 3rd quarter. Ellsworth Advisors LLC now owns 20,008 shares of the technology company's stock valued at $506,000 after buying an additional 1,658 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Informatica by 11.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company's stock valued at $201,000 after buying an additional 810 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Informatica by 398.9% in 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 buying an additional 5,631,139 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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.