Royal Bank of Canada Cuts Informatica (NYSE:INFA) Price Target to $19.00

Informatica (NYSE:INFA) had its target price decreased by Royal Bank of Canada from $20.00 to $19.00 in a research report released on Thursday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald started coverage on Informatica in a research note on Friday, January 17th. They issued a “neutral” rating and a $29.00 target price on the stock. Baird R W lowered Informatica from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th. Wedbush cut Informatica to a “neutral” rating in a research report on Friday, February 14th. Robert W. Baird restated a “neutral” rating and issued a $19.00 target price (down from $35.00) on shares of Informatica in a report on Friday, February 14th. Finally, Bank of America downgraded shares of Informatica from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. Thirteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $23.62.

Informatica Stock Down 0.8 %

Informatica stock opened at $18.98 on Thursday. Informatica has a fifty-two week low of $15.65 and a fifty-two week high of $31.65. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 632.88, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The stock’s fifty day moving average is $18.02 and its two-hundred day moving average is $22.60. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $403.90 million for the quarter, compared to analysts’ expectations of $392.14 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.22 EPS. Analysts predict that Informatica will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the completion of the sale, the executive vice president now owns 416,410 shares of the company’s stock, valued at approximately $7,516,200.50. This represents a 2.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

Several institutional investors have recently bought and sold shares of INFA. Wells Fargo & Company MN lifted its holdings in shares of Informatica by 15.0% during the 4th quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company’s stock valued at $2,101,000 after acquiring an additional 10,553 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Informatica by 21.0% during the fourth quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company’s stock worth $534,000 after purchasing an additional 3,575 shares in the last quarter. Norges Bank purchased a new stake in shares of Informatica in the fourth quarter worth about $25,265,000. KBC Group NV grew its stake in shares of Informatica by 69.4% in the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after buying an additional 1,325 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Informatica by 24.4% during the 4th quarter. Geode Capital Management LLC now owns 1,508,989 shares of the technology company’s stock valued at $39,140,000 after buying an additional 295,801 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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.