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

Shares of Informatica Inc. (NYSE:INFA) have earned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $33.20.

A number of research firms have commented on INFA. JPMorgan Chase & Co. reduced their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company cut their target price on Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. The Goldman Sachs Group cut their target price on Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Robert W. Baird cut their target price on Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st.

Informatica Trading Down 0.8 %

NYSE INFA opened at $26.39 on Thursday. The business’s 50-day moving average price is $25.85 and its two-hundred day moving average price is $26.61. Informatica has a 12 month low of $22.08 and a 12 month high of $39.80. The firm 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. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica declared that its board has authorized a share repurchase program on Wednesday, October 30th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 5.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at $10,535,037.36. This represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. This trade represents a 6.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Institutional Trading of Informatica

Several institutional investors and hedge funds have recently modified their holdings of INFA. Allspring Global Investments Holdings LLC raised its stake in shares of Informatica by 398.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock worth $178,046,000 after purchasing an additional 5,631,139 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Informatica by 29.9% during 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 acquiring an additional 2,662,379 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in shares of Informatica during the first quarter valued at approximately $52,045,000. Fiera Capital Corp increased its position in shares of Informatica by 439.2% during the second quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock valued at $48,006,000 after acquiring an additional 1,266,265 shares during the last quarter. Finally, Nippon Life Global Investors Americas Inc. purchased a new stake in shares of Informatica during the second quarter valued at approximately $10,806,000. 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.