Informatica Inc. (NYSE:INFA) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Informatica Inc. (NYSE:INFA) have been assigned an average recommendation of “Hold” from the sixteen analysts that are covering the stock, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $24.15.

INFA has been the topic of several recent research reports. Baird R W cut Informatica from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company downgraded shares of Informatica from a “buy” rating to an “equal weight” rating in a research note on Friday, February 14th. Robert W. Baird reissued a “neutral” rating and issued a $19.00 price objective (down from $35.00) on shares of Informatica in a research note on Friday, February 14th. Royal Bank of Canada cut shares of Informatica from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Finally, Cantor Fitzgerald started coverage on Informatica in a research report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target for the company.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the sale, the executive vice president now directly owns 328,799 shares in the company, valued at $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 48.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INFA. Praxis Investment Management Inc. purchased a new stake in shares of Informatica in the 1st quarter worth approximately $218,000. FNY Investment Advisers LLC raised its stake in Informatica by 113.3% in the first quarter. FNY Investment Advisers LLC now owns 4,480 shares of the technology company’s stock worth $78,000 after buying an additional 2,380 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Informatica by 3.2% during the first quarter. SG Americas Securities LLC now owns 109,957 shares of the technology company’s stock worth $1,919,000 after buying an additional 3,424 shares during the period. L. Roy Papp & Associates LLP boosted its position in Informatica by 1.9% during the 1st quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company’s stock valued at $889,000 after acquiring an additional 961 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Informatica by 540.4% in the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,216 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Informatica Stock Performance

INFA opened at $18.45 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. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 615.21, a PEG ratio of 4.44 and a beta of 1.06. The company has a fifty day moving average of $18.12 and a 200 day moving average of $23.20. Informatica has a fifty-two week low of $15.65 and a fifty-two week high of $32.54.

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

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.