Informatica (NYSE:INFA) Sees Unusually-High Trading Volume - Time to Buy?

Informatica Inc. (NYSE:INFA - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 2,150,695 shares were traded during mid-day trading, an increase of 1% from the previous session's volume of 2,137,887 shares.The stock last traded at $19.79 and had previously closed at $19.75.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on INFA shares. UBS Group dropped their price target on Informatica from $30.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday, February 14th. Guggenheim restated a "buy" rating and issued a $37.00 price target on shares of Informatica in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced 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. Royal Bank of Canada cut shares of Informatica from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from $35.00 to $19.00 in a report on Friday, February 14th. Finally, Truist Financial reaffirmed a "buy" rating and set a $24.00 target price (down from $34.00) on shares of Informatica in a report on Friday, February 14th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $24.67.

Informatica Price Performance

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 firm has a market cap of $5.91 billion, a PE ratio of 645.08, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99. The stock has a 50 day simple moving average of $24.98 and a 200-day simple moving average of $25.32.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business had revenue of $428.31 million during the quarter, compared to analysts' expectations of $457.55 million. Equities analysts anticipate that Informatica Inc. will post 0.64 earnings per share for the current fiscal year.

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

Insider Transactions at Informatica

In other news, CAO Mark Pellowski sold 10,035 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $3,747,187.62. The trade was a 6.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 transaction, the executive vice president now owns 353,778 shares of the company's stock, valued at $9,569,694.90. This represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders own 48.10% of the company's stock.

Hedge Funds Weigh In On Informatica

Several institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after buying an additional 667 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Informatica by 11.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company's stock worth $201,000 after acquiring an additional 810 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Informatica by 10.6% during the third quarter. Verdence Capital Advisors LLC now owns 10,387 shares of the technology company's stock worth $263,000 after acquiring an additional 993 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in Informatica during the fourth quarter valued at approximately $32,000. Finally, KBC Group NV raised its position in Informatica by 69.4% during the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after purchasing an additional 1,325 shares during the period. 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.