Informatica Inc. (NYSE:INFA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Informatica Inc. (NYSE:INFA) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $32.55.

A number of analysts recently weighed in on the company. Guggenheim restated a “buy” rating and issued a $37.00 price objective on shares of Informatica in a report on Tuesday, June 25th. The Goldman Sachs Group reduced their price objective on shares of Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Wells Fargo & Company dropped their target price on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and set a $35.00 price target on shares of Informatica in a research note on Wednesday, July 31st. Finally, Citigroup lowered their price objective on Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th.

Insider Activity at Informatica

In other news, EVP John Arthur Schweitzer sold 64,501 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the completion of the transaction, the executive vice president now directly owns 437,348 shares in the company, valued at approximately $12,324,466.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John Arthur Schweitzer sold 64,501 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the sale, the executive vice president now owns 437,348 shares in the company, valued at approximately $12,324,466.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the transaction, the chief accounting officer now owns 146,804 shares of the company’s stock, valued at $4,072,342.96. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Verdence Capital Advisors LLC lifted its position in shares of Informatica by 8.9% in the 1st quarter. Verdence Capital Advisors LLC now owns 9,339 shares of the technology company’s stock worth $327,000 after purchasing an additional 765 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Informatica by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,824 shares of the technology company’s stock worth $674,000 after purchasing an additional 902 shares during the last quarter. First Horizon Advisors Inc. bought a new position in Informatica in the 2nd quarter worth about $32,000. Amalgamated Bank increased its position in shares of Informatica by 42.1% during the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after acquiring an additional 1,037 shares in the last quarter. Finally, ORG Partners LLC bought a new position in shares of Informatica during the first quarter valued at $43,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Informatica Stock Up 4.6 %

Shares of NYSE INFA opened at $25.50 on Friday. The company has a market cap of $7.52 billion, a price-to-earnings ratio of -1,275.00, a PEG ratio of 4.87 and a beta of 1.06. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. Informatica has a 12 month low of $18.71 and a 12 month high of $39.80. The stock has a 50-day moving average price of $25.21 and a two-hundred day moving average price of $29.65.

Informatica (NYSE:INFA) last announced its quarterly earnings results 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. The company had revenue of $400.63 million during the quarter, compared to the consensus estimate of $402.97 million. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 earnings per share. As a group, analysts forecast that Informatica will post 0.5 earnings per share for the current fiscal year.

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.