Informatica Inc. (NYSE:INFA) Receives $24.46 Consensus Target Price from Brokerages

Informatica Inc. (NYSE:INFA) has been given a consensus rating of “Hold” by the seventeen analysts that are presently covering the firm, Marketbeat.com reports. Sixteen investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $24.46.

INFA has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Informatica from $19.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, May 28th. Truist Financial downgraded shares of Informatica from a “strong-buy” rating to a “hold” rating and raised their price target for the company from $24.00 to $25.00 in a report on Wednesday, May 28th. The Goldman Sachs Group raised their price target on shares of Informatica from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Royal Bank of Canada set a $25.00 price target on shares of Informatica in a report on Wednesday, May 28th. Finally, Wedbush downgraded shares of Informatica to a “neutral” rating in a report on Friday, February 14th.

Informatica Stock Down 0.1%

Shares of NYSE:INFA opened at $24.10 on Monday. The firm has a fifty day moving average price of $20.18 and a two-hundred day moving average price of $21.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. Informatica has a one year low of $15.65 and a one year high of $31.65. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 803.43, a PEG ratio of 4.44 and a beta of 1.17.

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

Insider Activity

In related news, EVP Ansa Sekharan sold 99,348 shares of Informatica stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $24.15, for a total value of $2,399,254.20. Following the transaction, the executive vice president now owns 391,959 shares in the company, valued at $9,465,809.85. This trade represents a 20.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 116,199 shares of Informatica stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $24.00, for a total transaction of $2,788,776.00. Following the completion of the transaction, the executive vice president now owns 382,005 shares in the company, valued at approximately $9,168,120. The trade was a 23.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 238,779 shares of company stock worth $5,622,733. 2.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Informatica

A number of large investors have recently added to or reduced their stakes in INFA. FMR LLC raised its position in Informatica by 126,639.2% in the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock worth $268,889,000 after purchasing an additional 10,361,617 shares during the period. Pictet Asset Management Holding SA grew its holdings in Informatica by 52.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company’s stock worth $184,804,000 after acquiring an additional 2,459,197 shares during the last quarter. Vanguard Group Inc. grew its holdings in Informatica by 28.6% in the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock worth $281,199,000 after acquiring an additional 2,409,023 shares during the last quarter. Sunriver Management LLC bought a new stake in Informatica in the 1st quarter worth $30,108,000. Finally, Wellington Management Group LLP grew its holdings in Informatica by 13.8% in the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock worth $341,111,000 after acquiring an additional 1,591,037 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.