Informatica Inc. (NYSE:INFA) Receives Consensus Rating of “Moderate Buy” from Analysts

Informatica Inc. (NYSE:INFA) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $33.27.

INFA has been the topic of a number of analyst reports. Guggenheim reiterated a “buy” rating on shares of Informatica in a research note on Friday, October 18th. Truist Financial assumed coverage on shares of Informatica in a report on Thursday, December 12th. They set a “buy” rating and a $34.00 price target for the company. UBS Group boosted their price objective on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their target price on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th.

Informatica Stock Performance

INFA opened at $26.86 on Monday. 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 has a 52-week low of $22.08 and a 52-week high of $39.80. The firm has a market cap of $8.20 billion, a P/E ratio of 127.91, a price-to-earnings-growth ratio of 5.68 and a beta of 1.00. The business’s fifty day moving average is $26.36 and its 200-day moving average is $26.28.

Informatica declared that its board has approved a stock repurchase plan on Wednesday, October 30th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, 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 transaction 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 approximately $10,535,037.36. This trade represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark Pellowski sold 10,035 shares of the stock in a transaction 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 sale, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at $3,747,187.62. The trade was a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,296 shares of company stock valued at $1,057,684. 48.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Informatica

Hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. bought a new stake in shares of Informatica in the 2nd quarter valued at $32,000. Quarry LP acquired a new stake in Informatica in the third quarter worth $38,000. National Bank of Canada FI increased its stake in Informatica by 3,288.0% in the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,644 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Informatica during the second quarter valued at about $46,000. Finally, Amalgamated Bank boosted its position in shares of Informatica by 42.1% during the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock worth $108,000 after purchasing an additional 1,037 shares in the last quarter. 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.