Analysts Set Informatica Inc. (NYSE:INFA) Target Price at $23.62

Informatica Inc. (NYSE:INFA) has received a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the firm, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $23.69.

A number of research analysts recently commented on INFA shares. Royal Bank of Canada decreased their price target on Informatica from $20.00 to $19.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 8th. Baird R W lowered Informatica from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th. Bank of America lowered Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. UBS Group lifted their target price on Informatica from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft downgraded Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a report on Friday, February 14th.

Informatica Price Performance

NYSE INFA opened at $19.44 on Thursday. The business has a 50 day simple moving average of $18.16 and a 200 day simple moving average of $22.27. Informatica has a 52-week low of $15.65 and a 52-week high of $31.65. 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 cap of $5.88 billion, a price-to-earnings ratio of 648.22, a PEG ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The company had revenue of $403.90 million during the quarter, compared to the consensus estimate of $392.14 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts anticipate that Informatica will post 0.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total value of $207,629.15. Following the completion of the sale, the executive vice president now owns 416,410 shares in the company, valued at approximately $7,516,200.50. This represents a 2.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 34,735 shares of company stock valued at $643,827. Company 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 INFA. Parallel Advisors LLC grew its stake in shares of 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 acquiring an additional 1,216 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Informatica by 7,053.8% during the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company’s stock worth $32,000 after buying an additional 1,834 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Informatica in the 4th quarter valued at approximately $43,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in Informatica by 1,545.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company’s stock valued at $49,000 after purchasing an additional 2,642 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Informatica by 126.1% during the 1st quarter. Deutsche Bank AG now owns 2,976 shares of the technology company’s stock valued at $52,000 after buying an additional 1,660 shares during the last quarter. Institutional investors and hedge funds 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.