Wells Fargo & Company Reaffirms Equal Weight Rating for Informatica (NYSE:INFA)

Informatica (NYSE:INFA - Get Free Report)'s stock had its "equal weight" rating restated by equities research analysts at Wells Fargo & Company in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They currently have a $19.00 price target on the technology company's stock, down from their previous price target of $34.00. Wells Fargo & Company's price target points to a potential downside of 6.57% from the stock's current price.

A number of other research firms have also weighed in on INFA. JPMorgan Chase & Co. cut their target price on shares of Informatica from $38.00 to $34.00 and set an "overweight" rating for the company in a report on Friday, October 25th. UBS Group raised their target price on shares of Informatica from $27.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Cantor Fitzgerald started coverage on shares of Informatica in a report on Friday, January 17th. They issued a "neutral" rating and a $29.00 target price for the company. Truist Financial started coverage on shares of Informatica in a report on Thursday, December 12th. They issued a "buy" rating and a $34.00 target price for the company. Finally, Guggenheim reissued a "buy" rating and issued a $37.00 target price on shares of Informatica in a report on Friday, January 31st. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $24.67.

Informatica Price Performance

INFA traded up $0.59 during trading on Friday, reaching $20.34. 11,262,143 shares of the company traded hands, compared to its average volume of 2,463,749. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica has a 12-month low of $16.37 and a 12-month high of $39.80. The firm has a fifty day simple moving average of $25.53 and a 200 day simple moving average of $25.45. The company has a market cap of $6.21 billion, a P/E ratio of 96.84, a PEG ratio of 3.65 and a beta of 0.99.

Informatica (NYSE:INFA - Get Free Report) last announced 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). Informatica had a net margin of 3.89% and a return on equity of 5.29%. The company had revenue of $428.31 million for the quarter, compared to analysts' expectations of $457.55 million. On average, equities analysts forecast that Informatica will post 0.43 EPS for the current year.

Informatica announced that its Board of Directors has initiated a share repurchase program on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, EVP John Arthur Schweitzer sold 10,734 shares of Informatica 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction 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 approximately $3,747,187.62. This trade represents a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is owned by corporate insiders.

Institutional Trading of Informatica

Several institutional investors and hedge funds have recently made changes to their positions in INFA. FMR LLC lifted its position in shares of Informatica by 126,639.2% during 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 during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Informatica by 398.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company's stock worth $178,046,000 after purchasing an additional 5,631,139 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Informatica by 29.9% during the third quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company's stock worth $292,339,000 after purchasing an additional 2,662,379 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Informatica by 52.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock valued at $184,804,000 after acquiring an additional 2,459,197 shares in the last quarter. Finally, Vanguard Group Inc. raised 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 acquiring an additional 2,409,023 shares in the last quarter. 98.45% of the stock is currently owned by 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.