Informatica (NYSE:INFA) Downgraded by Bank of America to "Neutral"

Informatica (NYSE:INFA - Get Free Report) was downgraded by stock analysts at Bank of America from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports.

Several other equities research analysts have also recently weighed in on the stock. Guggenheim reaffirmed a "buy" rating and set a $37.00 price objective on shares of Informatica in a research report on Friday, January 31st. Robert W. Baird restated a "neutral" rating and issued a $19.00 target price (down from $35.00) on shares of Informatica in a research report on Friday. Deutsche Bank Aktiengesellschaft lowered shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 price target on the stock. in a research report on Friday. UBS Group boosted their price objective on shares of Informatica from $27.00 to $30.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their target price on Informatica from $38.00 to $34.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $24.67.

Informatica Stock Performance

Shares of INFA traded up $0.59 during mid-day trading on Friday, hitting $20.34. 11,262,143 shares of the company's stock were exchanged, compared to its average volume of 2,463,749. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica has a 52 week low of $16.37 and a 52 week high of $39.80. The stock's 50-day simple moving average is $25.53 and its 200-day simple moving average is $25.45. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 96.84, a price-to-earnings-growth ratio of 3.65 and a beta of 0.99.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). The company had revenue of $428.31 million for the quarter, compared to the consensus estimate 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 expect that Informatica will post 0.43 EPS for the current year.

Informatica announced that its Board of Directors has authorized a share repurchase program on Wednesday, October 30th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, 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 completion of the transaction, the executive vice president now owns 353,778 shares in the company, valued at $9,569,694.90. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $271,547.10. Following the sale, the chief accounting officer now directly owns 138,477 shares in the company, 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. 48.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Informatica

Several large investors have recently modified their holdings of INFA. ORG Wealth Partners LLC bought a new stake in shares of Informatica in the fourth quarter worth $32,000. Quarry LP bought a new stake in shares of Informatica in the 3rd quarter valued at about $38,000. National Bank of Canada FI grew its position in shares of Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company's stock valued at $43,000 after buying an additional 1,644 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Informatica in the fourth quarter valued at about $43,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Informatica during the fourth quarter worth about $54,000. Institutional investors own 98.45% of the company's stock.

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.