Informatica (NYSE:INFA) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Informatica (NYSE:INFA) in a report released on Friday morning, Marketbeat reports. The brokerage issued a neutral rating and a $29.00 price objective on the technology company’s stock.

A number of other equities research analysts also recently weighed in on the company. Truist Financial started coverage on Informatica in a research report on Thursday, December 12th. They issued a “buy” rating and a $34.00 target price for the company. Guggenheim reaffirmed a “buy” rating on shares of Informatica in a research note on Friday, October 18th. JPMorgan Chase & Co. cut their price target on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, UBS Group lifted their price objective on shares of Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Informatica has a consensus rating of “Moderate Buy” and an average target price of $32.92.

Informatica Stock Down 0.5 %

INFA stock opened at $24.41 on Friday. The firm’s 50-day moving average is $26.03 and its two-hundred day moving average is $25.73. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of 116.22, a price-to-earnings-growth ratio of 3.42 and a beta of 0.99. Informatica has a 52 week low of $22.08 and a 52 week high of $39.80. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica announced that its Board of Directors has initiated a stock repurchase program on Wednesday, October 30th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the technology company to purchase up to 5.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, EVP John Arthur Schweitzer sold 10,734 shares of the company’s stock in a transaction 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 directly owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the sale, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. The trade was 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 Investors Weigh In On Informatica

Hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Informatica by 62.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock worth $15,571,000 after buying an additional 237,876 shares during the last quarter. Summit Partners Public Asset Management LLC bought a new stake in Informatica in the third quarter worth approximately $2,781,000. Bank of Montreal Can acquired a new position in shares of Informatica during the 2nd quarter worth $2,442,000. Wellington Management Group LLP raised its holdings in shares of Informatica by 29.9% during the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock valued at $292,339,000 after purchasing an additional 2,662,379 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Informatica by 826.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock valued at $37,519,000 after purchasing an additional 1,324,006 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other 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.