Informatica Inc. (NYSE:INFA) Receives $33.20 Consensus Price Target from Analysts

Shares of Informatica Inc. (NYSE:INFA) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $33.20.

INFA has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Guggenheim restated a “buy” rating on shares of Informatica in a research note on Friday, October 18th. Robert W. Baird dropped their price objective on Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. UBS Group lifted their price objective on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group dropped their price objective on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 31st.

Insider Transactions at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the transaction, the executive vice president now owns 393,686 shares of the company’s stock, valued at $10,535,037.36. This represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the completion of the transaction, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. The trade was a 6.57 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Informatica

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky acquired a new position in Informatica in the 3rd quarter worth about $1,613,000. Geode Capital Management LLC increased its holdings in Informatica by 34.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock worth $30,677,000 after purchasing an additional 311,003 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Informatica in the 3rd quarter valued at about $396,000. XTX Topco Ltd bought a new stake in shares of Informatica in the 3rd quarter valued at about $325,000. Finally, National Bank of Canada FI grew its position in shares of Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after buying an additional 1,644 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Informatica Stock Performance

INFA opened at $26.39 on Thursday. The business has a fifty day simple moving average of $25.85 and a 200 day simple moving average of $26.61. The company has a market capitalization of $8.06 billion, a PE ratio of 125.67, a price-to-earnings-growth ratio of 5.61 and a beta of 1.04. Informatica has a 1 year low of $22.08 and a 1 year high of $39.80. 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 declared that its board has approved a share repurchase program on Wednesday, October 30th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the technology company to buy up to 5.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.