UBS Group Has Lowered Expectations for Informatica (NYSE:INFA) Stock Price

Informatica (NYSE:INFA - Get Free Report) had its price objective cut by equities researchers at UBS Group from $30.00 to $19.00 in a report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. UBS Group's price target indicates a potential downside of 5.12% from the stock's current price.

Several other research analysts have also commented on INFA. Robert W. Baird restated a "neutral" rating and issued a $19.00 price objective (down from $35.00) on shares of Informatica in a report on Friday. JPMorgan Chase & Co. decreased their price target on shares of Informatica from $38.00 to $34.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $19.00 price objective (down from $34.00) on shares of Informatica in a research report on Friday. Cantor Fitzgerald assumed coverage on Informatica in a research report on Friday, January 17th. They issued a "neutral" rating and a $29.00 target price for the company. Finally, Bank of America lowered Informatica from a "buy" rating to a "neutral" rating in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Informatica presently has a consensus rating of "Hold" and an average target price of $26.17.

Informatica Trading Up 1.4 %

Shares of NYSE INFA traded up $0.28 during trading hours on Friday, hitting $20.03. The company's stock had a trading volume of 3,473,180 shares, compared to its average volume of 2,199,603. Informatica has a 12 month low of $16.37 and a 12 month high of $39.80. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 95.22, a P/E/G ratio of 3.65 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The business has a 50-day simple moving average of $25.53 and a 200-day simple moving average of $25.45.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). The business had revenue of $428.31 million during 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, analysts anticipate that Informatica will post 0.43 earnings per share for the current fiscal year.

Informatica announced that its board has approved a share 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 repurchase up to 5.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Insider Activity

In other news, EVP John Arthur Schweitzer sold 10,734 shares of the company'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 in the company, valued at approximately $9,569,694.90. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $271,547.10. Following the sale, the chief accounting officer now directly owns 138,477 shares of the company's stock, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 48.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its holdings in Informatica by 35.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after buying an additional 667 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of 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 during the period. Verdence Capital Advisors LLC raised its holdings in shares of Informatica by 10.6% during the third quarter. Verdence Capital Advisors LLC now owns 10,387 shares of the technology company's stock valued at $263,000 after purchasing an additional 993 shares during the last quarter. ORG Wealth Partners LLC bought a new position in Informatica during the fourth quarter valued at approximately $32,000. Finally, KBC Group NV boosted its holdings in Informatica by 69.4% in the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company's stock worth $84,000 after purchasing an additional 1,325 shares during the last quarter. 98.45% of the stock is owned by 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.