UBS Group Increases Informatica (NYSE:INFA) Price Target to $21.00

Informatica (NYSE:INFA) had its target price boosted by stock analysts at UBS Group from $20.00 to $21.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. UBS Group’s price objective suggests a potential upside of 6.58% from the company’s previous close.

A number of other brokerages have also issued reports on INFA. Truist Financial reiterated a “buy” rating and set a $24.00 price target (down from $34.00) on shares of Informatica in a research note on Friday, February 14th. Wedbush cut Informatica to a “neutral” rating in a research report on Friday, February 14th. Scotiabank increased their target price on Informatica from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 8th. Bank of America downgraded Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group upped their price objective on Informatica from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $23.69.

Informatica Trading Up 0.7%

Shares of INFA stock opened at $19.70 on Friday. The company has a market capitalization of $5.96 billion, a P/E ratio of 657.02, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. 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 business’s 50 day moving average is $18.13 and its two-hundred day moving average is $22.35. Informatica has a twelve month low of $15.65 and a twelve month high of $31.65.

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

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the firm’s 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 transaction, the executive vice president now directly owns 416,410 shares of the company’s stock, valued at $7,516,200.50. This trade represents a 2.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

A number of institutional investors and hedge funds have recently bought and sold shares of INFA. SG Americas Securities LLC purchased a new position in Informatica during the fourth quarter worth $2,762,000. KBC Group NV increased its position in Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock worth $84,000 after purchasing an additional 1,325 shares in the last quarter. Pacer Advisors Inc. increased its position in Informatica by 30.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company’s stock worth $159,000 after purchasing an additional 1,437 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Informatica by 50.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,929 shares of the technology company’s stock valued at $309,000 after purchasing an additional 3,994 shares during the last quarter. Finally, FSR Wealth Management Ltd. purchased a new position in Informatica in the 4th quarter valued at about $205,000. Hedge funds and other institutional investors 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.