Brokerages Set Informatica Inc. (NYSE:INFA) Target Price at $32.92

Informatica Inc. (NYSE:INFA) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Four 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 updated their coverage on the stock in the last year is $32.92.

Several analysts have recently weighed in on the stock. Guggenheim reissued a “buy” rating and issued a $37.00 price target on shares of Informatica in a research note on Friday, January 31st. Truist Financial assumed coverage on Informatica in a research report on Thursday, December 12th. They issued a “buy” rating and a $34.00 price objective for the company. UBS Group upped their price target on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Cantor Fitzgerald started coverage on Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, October 25th.

Informatica Stock Up 1.9 %

INFA stock opened at $25.95 on Tuesday. 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 firm has a 50-day moving average of $25.89 and a two-hundred day moving average of $25.48. Informatica has a 12 month low of $22.08 and a 12 month high of $39.80. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 123.55, a PEG ratio of 3.65 and a beta of 0.99.

Informatica announced that its Board of Directors has authorized a stock repurchase 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 purchase up to 5.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, CAO Mark Pellowski sold 10,035 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Arthur Schweitzer sold 10,734 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.05, for a total transaction of $290,354.70. Following the transaction, the executive vice president now owns 353,778 shares of the company’s stock, valued at $9,569,694.90. This trade represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Informatica

Several institutional investors have recently modified their holdings of INFA. Wellington Management Group LLP raised its stake in Informatica by 29.9% in the third quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock valued at $292,339,000 after buying an additional 2,662,379 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Informatica by 16.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock worth $209,075,000 after acquiring an additional 1,168,158 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Informatica by 826.8% during the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock worth $37,519,000 after purchasing an additional 1,324,006 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in Informatica during the fourth quarter worth approximately $36,236,000. Finally, Geode Capital Management LLC boosted its holdings in Informatica by 34.5% in the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock valued at $30,677,000 after purchasing an additional 311,003 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

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.