Guggenheim Reaffirms “Buy” Rating for Informatica (NYSE:INFA)

Informatica (NYSE:INFA)‘s stock had its “buy” rating reissued by Guggenheim in a research report issued on Tuesday, Benzinga reports. They currently have a $37.00 price target on the technology company’s stock. Guggenheim’s price target points to a potential upside of 15.88% from the company’s previous close.

A number of other research firms also recently issued reports on INFA. Citigroup boosted their target price on shares of Informatica from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. boosted their target price on shares of Informatica from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $41.00 target price on shares of Informatica in a research report on Monday, April 15th. Robert W. Baird initiated coverage on shares of Informatica in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 target price on the stock. Finally, The Goldman Sachs Group upgraded shares of Informatica from a “neutral” rating to a “buy” rating and boosted their target price for the company from $26.00 to $44.00 in a research report on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Informatica presently has an average rating of “Moderate Buy” and a consensus price target of $35.45.

Informatica Stock Up 1.7 %

Shares of NYSE INFA opened at $31.93 on Tuesday. The company has a market capitalization of $9.42 billion, a P/E ratio of -69.41, a price-to-earnings-growth ratio of 6.70 and a beta of 1.08. Informatica has a 52-week low of $13.29 and a 52-week high of $39.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.66 and a current ratio of 1.66. The company’s 50 day moving average price is $34.28 and its 200-day moving average price is $28.99.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Informatica had a positive return on equity of 4.29% and a negative net margin of 7.85%. The firm had revenue of $445.18 million during the quarter, compared to analyst estimates of $431.51 million. Equities analysts forecast that Informatica will post 0.56 earnings per share for the current year.

Insider Buying and Selling at Informatica

In other news, CEO Amit Walia sold 85,996 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $34.14, for a total value of $2,935,903.44. Following the completion of the sale, the chief executive officer now owns 2,537,995 shares in the company, valued at $86,647,149.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $35.51, for a total value of $356,023.26. Following the completion of the sale, the chief accounting officer now owns 150,937 shares in the company, valued at $5,359,772.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Amit Walia sold 85,996 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the completion of the sale, the chief executive officer now owns 2,537,995 shares of the company’s stock, valued at approximately $86,647,149.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 243,600 shares of company stock worth $8,259,201. 53.90% of the stock is owned by corporate insiders.

Institutional Trading of Informatica

Several institutional investors and hedge funds have recently made changes to their positions in INFA. Handelsbanken Fonder AB increased its holdings in Informatica by 33.3% during the third quarter. Handelsbanken Fonder AB now owns 17,064 shares of the technology company’s stock worth $360,000 after buying an additional 4,264 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Informatica by 2.3% during the third quarter. Bank of New York Mellon Corp now owns 167,939 shares of the technology company’s stock worth $3,538,000 after buying an additional 3,754 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Informatica by 82.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,682 shares of the technology company’s stock worth $2,037,000 after buying an additional 43,658 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Informatica by 4.7% during the third quarter. Victory Capital Management Inc. now owns 12,600 shares of the technology company’s stock worth $265,000 after buying an additional 562 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Informatica during the third quarter worth about $340,000. Hedge funds and other 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.