JPMorgan Chase & Co. Cuts Informatica (NYSE:INFA) Price Target to $34.00

Informatica (NYSE:INFA - Free Report) had its price target trimmed by JPMorgan Chase & Co. from $38.00 to $34.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the technology company's stock.

INFA has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Informatica from $39.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, August 1st. Guggenheim reaffirmed a "buy" rating on shares of Informatica in a report on Friday, October 18th. The Goldman Sachs Group reduced their target price on Informatica from $44.00 to $38.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. Citigroup decreased their price target on shares of Informatica from $35.00 to $28.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company reduced their target price on Informatica from $40.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.18.

Informatica Price Performance

Informatica stock traded up $0.07 during mid-day trading on Friday, hitting $26.72. The company's stock had a trading volume of 1,164,006 shares, compared to its average volume of 1,667,728. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $7.88 billion, a P/E ratio of -1,350.00, a P/E/G ratio of 5.20 and a beta of 1.06. The stock's fifty day moving average price is $25.30 and its two-hundred day moving average price is $27.85. Informatica has a twelve month low of $18.71 and a twelve month high of $39.80.

Informatica (NYSE:INFA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The firm had revenue of $400.63 million during the quarter, compared to the consensus estimate of $402.97 million. During the same period in the prior year, the business earned $0.02 EPS. The business's revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts forecast that Informatica will post 0.5 earnings per share for the current year.

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the transaction, the executive vice president now owns 393,686 shares of the company's stock, valued at $10,535,037.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the sale, the chief accounting officer now owns 142,671 shares of the company's stock, valued at $3,817,875.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 8,501 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the transaction, the executive vice president now owns 393,686 shares in the company, valued at $10,535,037.36. The trade was a 0.00 % 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

A number of institutional investors and hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System bought a new stake in shares of Informatica in the 3rd quarter valued at about $149,000. Lecap Asset Management Ltd. bought a new stake in Informatica in the third quarter valued at approximately $685,000. Allspring Global Investments Holdings LLC increased its position in Informatica by 398.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company's stock valued at $178,046,000 after purchasing an additional 5,631,139 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Informatica by 11.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company's stock worth $201,000 after purchasing an additional 810 shares during the last quarter. Finally, Ellsworth Advisors LLC lifted its position in shares of Informatica by 9.0% in the 3rd quarter. Ellsworth Advisors LLC now owns 20,008 shares of the technology company's stock worth $506,000 after purchasing an additional 1,658 shares during the period. Institutional investors and hedge funds 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.