Informatica (NYSE:INFA) Given New $30.00 Price Target at UBS Group

Informatica (NYSE:INFA) had its price target raised by UBS Group from $27.00 to $30.00 in a report published on Thursday morning, Benzinga reports. UBS Group currently has a neutral rating on the technology company’s stock.

Several other brokerages also recently issued reports on INFA. Deutsche Bank Aktiengesellschaft reduced their price objective on Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Wells Fargo & Company reduced their price target on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Citigroup lowered their price objective on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Scotiabank cut their target price on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group lowered their price target on shares of Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.45.

Informatica Price Performance

Shares of NYSE INFA traded down $0.62 during mid-day trading on Thursday, reaching $26.68. 342,363 shares of the company traded hands, compared to its average volume of 1,657,699. The firm has a market cap of $8.08 billion, a PE ratio of 127.24, a price-to-earnings-growth ratio of 5.38 and a beta of 1.06. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03. Informatica has a fifty-two week low of $21.49 and a fifty-two week high of $39.80. The stock has a fifty day simple moving average of $25.54 and a 200-day simple moving average of $27.45.

Informatica (NYSE:INFA) last released its earnings results on Tuesday, July 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Informatica had a return on equity of 5.37% and a net margin of 3.89%. The firm had revenue of $400.63 million for the quarter, compared to analyst estimates of $402.97 million. During the same period in the previous year, the company earned $0.02 earnings per share. Informatica’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that Informatica will post 0.5 EPS for the current fiscal year.

Informatica announced that its board has authorized a share buyback program on Wednesday, October 30th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of Informatica stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the transaction, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the transaction, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the sale, the executive vice president now owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. This trade represents a 0.00 % 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 Inflows and Outflows

A number of hedge funds have recently bought and sold shares of INFA. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in 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 period. The Manufacturers Life Insurance Company raised its stake in shares of Informatica by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,824 shares of the technology company’s stock valued at $674,000 after purchasing an additional 902 shares during the period. First Horizon Advisors Inc. bought a new stake in Informatica in the 2nd quarter valued at approximately $32,000. Amalgamated Bank boosted its holdings in Informatica by 42.1% during the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock worth $108,000 after purchasing an additional 1,037 shares during the last quarter. Finally, ORG Partners LLC bought a new position in shares of Informatica in the 1st quarter valued at about $43,000. 98.45% of the stock is currently owned by 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.