Informatica’s (INFA) Buy Rating Reaffirmed at Truist Financial

Truist Financial restated their buy rating on shares of Informatica (NYSE:INFA) in a research note issued to investors on Friday,Benzinga reports. Truist Financial currently has a $24.00 price objective on the technology company’s stock, down from their previous price objective of $34.00.

A number of other brokerages have also commented on INFA. Guggenheim reiterated a “buy” rating and set a $37.00 price target on shares of Informatica in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Cantor Fitzgerald started coverage on Informatica in a report on Friday, January 17th. They set a “neutral” rating and a $29.00 price target on the stock. UBS Group boosted their price objective on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lowered Informatica from a “buy” rating to a “neutral” rating in a research note on Friday. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Informatica has a consensus rating of “Hold” and a consensus target price of $26.17.

Informatica Trading Down 22.2 %

Shares of Informatica stock opened at $19.59 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica has a 52 week low of $16.37 and a 52 week high of $39.80. The stock has a 50 day moving average price of $25.65 and a two-hundred day moving average price of $25.46. The stock has a market capitalization of $5.98 billion, a PE ratio of 93.27, a price-to-earnings-growth ratio of 3.65 and a beta of 0.99.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a net margin of 3.89% and a return on equity of 5.29%. As a group, equities analysts anticipate that Informatica will post 0.43 earnings per share for the current fiscal year.

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

Insider Transactions at Informatica

In related news, EVP John Arthur Schweitzer sold 10,734 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.05, for a total value of $290,354.70. Following the sale, the executive vice president now owns 353,778 shares in the company, valued at $9,569,694.90. This represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Mark Pellowski sold 10,035 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the completion of the sale, the chief accounting officer now owns 138,477 shares in the company, valued at $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 Trading of Informatica

Several institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in Informatica by 13.8% during the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock valued at $341,111,000 after purchasing an additional 1,591,037 shares during the last quarter. Vanguard Group Inc. boosted its stake in Informatica by 28.6% during the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock valued at $281,199,000 after purchasing an additional 2,409,023 shares during the last quarter. FIL Ltd boosted its stake in Informatica by 0.9% during the 4th quarter. FIL Ltd now owns 10,449,229 shares of the technology company’s stock valued at $270,949,000 after purchasing an additional 93,685 shares during the last quarter. FMR LLC boosted its stake in Informatica by 126,639.2% during the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock valued at $268,889,000 after purchasing an additional 10,361,617 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Informatica by 16.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock valued at $209,075,000 after purchasing an additional 1,168,158 shares during the last quarter. 98.45% of the stock is currently 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.