Brokerages Set Informatica Inc. (NYSE:INFA) PT at $24.67

Informatica Inc. (NYSE:INFA) has been given an average recommendation of “Hold” by the fifteen research firms that are currently covering the company, Marketbeat reports. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $24.67.

A number of equities analysts recently commented on INFA shares. Robert W. Baird reiterated a “neutral” rating and set a $19.00 target price (down previously from $35.00) on shares of Informatica in a research note on Friday, February 14th. Cantor Fitzgerald started coverage on Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a research report on Friday, February 14th. Wedbush cut Informatica to a “neutral” rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group lowered shares of Informatica from a “buy” rating to a “neutral” rating and dropped their price target for the company from $38.00 to $20.00 in a research note on Friday, February 14th.

Insider Activity

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the transaction, the executive vice president now owns 328,799 shares of the company’s stock, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 48.10% of the company’s stock.

Institutional Trading of Informatica

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its holdings in shares of Informatica by 431.2% in the fourth quarter. California State Teachers Retirement System now owns 321,734 shares of the technology company’s stock valued at $8,343,000 after purchasing an additional 261,163 shares during the period. TFG Asset Management GP Ltd grew its position in Informatica by 50.0% in the 4th quarter. TFG Asset Management GP Ltd now owns 600,000 shares of the technology company’s stock valued at $15,558,000 after buying an additional 200,000 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Informatica by 18.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 27,729 shares of the technology company’s stock valued at $719,000 after buying an additional 4,236 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Informatica by 5.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,537 shares of the technology company’s stock valued at $3,955,000 after buying an additional 7,205 shares during the period. Finally, Vident Advisory LLC purchased a new position in Informatica during the 4th quarter worth $381,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Stock Performance

Shares of INFA opened at $18.12 on Wednesday. Informatica has a 1 year low of $16.37 and a 1 year high of $39.80. The stock has a market capitalization of $5.48 billion, a PE ratio of 604.03, a PEG ratio of 4.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a 50-day simple moving average of $21.31 and a 200-day simple moving average of $24.33.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm had revenue of $428.31 million during the quarter, compared to analysts’ expectations of $457.55 million. On average, analysts predict that Informatica will post 0.63 earnings per share for the current fiscal year.

Informatica Company Profile

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.