Informatica (NYSE:INFA) Downgraded to “Sector Perform” Rating by Royal Bank of Canada

Royal Bank of Canada cut shares of Informatica (NYSE:INFA) from an outperform rating to a sector perform rating in a research note issued to investors on Friday morning, MarketBeat reports. The brokerage currently has $19.00 target price on the technology company’s stock, down from their previous target price of $35.00.

A number of other equities research analysts have also commented on INFA. UBS Group raised their price target on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Cantor Fitzgerald initiated coverage on Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 price target on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $19.00 price target (down previously from $35.00) on shares of Informatica in a research report on Friday. 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 research report on Friday, October 25th. Finally, Truist Financial initiated coverage on Informatica in a research report on Thursday, December 12th. They set a “buy” rating and a $34.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.17.

Informatica Trading Down 22.2 %

NYSE:INFA opened at $19.59 on Friday. Informatica has a 1-year low of $16.37 and a 1-year high of $39.80. The business’s 50-day moving average price is $25.65 and its two-hundred day moving average price is $25.46. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 93.27, a PEG ratio of 3.65 and a beta of 0.99.

Informatica (NYSE:INFA) last released its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a net margin of 3.89% and a return on equity of 5.29%. On average, equities analysts expect that Informatica will post 0.43 earnings per share for the current year.

Informatica declared that its board has authorized a share buyback plan on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 10,734 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 353,778 shares in the company, valued at $9,569,694.90. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mark Pellowski sold 10,035 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the completion of the transaction, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 48.10% of the company’s stock.

Institutional Trading of Informatica

A number of hedge funds have recently made changes to their positions in INFA. CWM LLC lifted its position in shares of Informatica by 24.1% in the third quarter. CWM LLC now owns 38,995 shares of the technology company’s stock valued at $986,000 after buying an additional 7,585 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Informatica by 18.1% in the third quarter. Vontobel Holding Ltd. now owns 45,606 shares of the technology company’s stock valued at $1,153,000 after buying an additional 7,000 shares during the last quarter. Ellsworth Advisors LLC lifted its position in shares of Informatica by 9.0% in the third quarter. Ellsworth Advisors LLC now owns 20,008 shares of the technology company’s stock valued at $506,000 after buying an additional 1,658 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Informatica by 11.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock valued at $201,000 after buying an additional 810 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Informatica by 398.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock valued at $178,046,000 after buying an additional 5,631,139 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

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.