Informatica (NYSE:INFA) Downgraded to "Neutral" Rating by The Goldman Sachs Group

Informatica (NYSE:INFA - Get Free Report) was downgraded by analysts at The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a research report issued on Friday, Marketbeat reports. They currently have a $20.00 price target on the technology company's stock, down from their previous price target of $38.00. The Goldman Sachs Group's target price indicates a potential downside of 1.65% from the stock's current price.

Several other equities research analysts have also commented on the stock. Bank of America lowered shares of Informatica from a "buy" rating to a "neutral" rating in a research note on Friday. UBS Group lifted their price target on Informatica from $27.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Cantor Fitzgerald assumed coverage on Informatica in a research note on Friday, January 17th. They issued a "neutral" rating and a $29.00 price objective for the company. Guggenheim reiterated a "buy" rating and set a $37.00 target price on shares of Informatica in a research note on Friday, January 31st. Finally, Robert W. Baird restated a "neutral" rating and set a $19.00 price target (down previously from $35.00) on shares of Informatica in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $24.67.

Informatica Stock Up 3.0 %

Shares of NYSE:INFA traded up $0.59 during mid-day trading on Friday, hitting $20.34. 11,262,143 shares of the company traded hands, compared to its average volume of 2,463,749. The stock has a 50-day moving average price of $25.53 and a two-hundred day moving average price of $25.45. Informatica has a 12-month low of $16.37 and a 12-month high of $39.80. The stock has a market cap of $6.21 billion, a P/E ratio of 96.84, a P/E/G ratio of 3.65 and a beta of 0.99. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75.

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

Informatica declared that its board has approved a stock buyback plan on Wednesday, October 30th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 5.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling

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

Institutional Trading of Informatica

A number of institutional investors have recently modified their holdings of INFA. Wellington Management Group LLP increased its holdings in Informatica by 13.8% during the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock valued at $341,111,000 after purchasing an additional 1,591,037 shares during the period. Vanguard Group Inc. increased its stake in shares of Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after buying an additional 2,409,023 shares during the period. FIL Ltd lifted 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 acquiring an additional 93,685 shares during the period. FMR LLC lifted 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 acquiring an additional 10,361,617 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings 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 valued at $209,075,000 after acquiring an additional 1,168,158 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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.