Informatica (NYSE:INFA) Price Target Raised to $30.00

Informatica (NYSE:INFA) had its price target boosted by UBS Group from $27.00 to $30.00 in a research report report published on Thursday, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other analysts have also weighed in on the company. Wells Fargo & Company dropped their price objective on Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Robert W. Baird cut their price target on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. The Goldman Sachs Group decreased their price objective on shares of Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Scotiabank dropped their target price on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. Finally, Citigroup reduced their price target on Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Informatica presently has an average rating of “Moderate Buy” and an average price target of $32.45.

Informatica Stock Down 4.0 %

Shares of NYSE INFA opened at $26.21 on Thursday. The stock has a market capitalization of $7.94 billion, a P/E ratio of 124.82, a PEG ratio of 5.81 and a beta of 1.04. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03. Informatica has a one year low of $21.49 and a one year high of $39.80. The firm’s 50 day simple moving average is $25.58 and its two-hundred day simple moving average is $27.33.

Informatica announced that its Board of Directors has initiated a share repurchase plan on Wednesday, October 30th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 5.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the sale, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76. Following the transaction, the chief accounting officer now owns 142,671 shares in the company, valued at approximately $3,817,875.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Arthur Schweitzer sold 8,501 shares of the 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 sale, 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 position. The disclosure for this sale can be found here. 48.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Informatica

Hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. purchased a new position in Informatica in the 2nd quarter worth approximately $32,000. ORG Partners LLC purchased a new position in shares of Informatica in the first quarter worth $43,000. Summit Securities Group LLC bought a new position in shares of Informatica during the second quarter worth $46,000. Amalgamated Bank grew its stake in 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, New York State Teachers Retirement System bought a new stake in Informatica in the 3rd quarter valued at $149,000. 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.