Cantor Fitzgerald Upgrades Informatica (NYSE:INFA) to "Hold"

Informatica (NYSE:INFA - Get Free Report) was upgraded by stock analysts at Cantor Fitzgerald to a "hold" rating in a report issued on Thursday, MarketBeat Ratings reports. The firm presently has a $29.00 price target on the technology company's stock. Cantor Fitzgerald's price target points to a potential upside of 18.83% from the stock's previous close.

Several other equities research analysts have also weighed in on the company. Truist Financial started coverage on Informatica in a research report on Thursday, December 12th. They issued a "buy" rating and a $34.00 target price on the stock. Guggenheim reiterated a "buy" rating on shares of Informatica in a research report on Friday, October 18th. UBS Group boosted their target price on shares of Informatica from $27.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Informatica from $38.00 to $34.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $32.92.

Informatica Stock Performance

Shares of NYSE:INFA traded down $0.13 during trading on Thursday, hitting $24.41. 1,197,516 shares of the company traded hands, compared to its average volume of 1,395,396. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 116.22, a PEG ratio of 3.42 and a beta of 0.99. Informatica has a one year low of $22.08 and a one year high of $39.80. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The business's fifty day moving average is $26.03 and its 200-day moving average is $25.70.

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

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in shares of Informatica during the 4th quarter valued at $32,000. Quarry LP bought a new position in Informatica during the third quarter valued at about $38,000. National Bank of Canada FI lifted its position in shares of Informatica by 3,288.0% in the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company's stock worth $43,000 after buying an additional 1,644 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Informatica in the fourth quarter worth about $54,000. Finally, Amalgamated Bank boosted its stake in shares of Informatica by 42.1% during the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company's stock worth $108,000 after acquiring an additional 1,037 shares in the last quarter. 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.