Informatica (NYSE:INFA) Downgraded to Hold Rating by Baird R W

Baird R W downgraded shares of Informatica (NYSE:INFA) from a strong-buy rating to a hold rating in a research note released on Friday,Zacks.com reports.

Several other research firms also recently weighed in on INFA. Cantor Fitzgerald began coverage on Informatica in a report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price objective for the company. Deutsche Bank Aktiengesellschaft downgraded Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target for the company. in a report on Friday. Guggenheim reissued a “buy” rating and issued a $37.00 target price on shares of Informatica in a report on Friday, January 31st. Robert W. Baird reissued a “neutral” rating and issued a $19.00 target price (down previously from $35.00) on shares of Informatica in a report on Friday. Finally, Bank of America downgraded Informatica from a “buy” rating to a “neutral” rating in a report on Friday. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.17.

Informatica Price Performance

Informatica stock opened at $19.59 on Friday. Informatica has a 52-week low of $16.37 and a 52-week high of $39.80. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 93.27, a PEG ratio of 3.65 and a beta of 0.99. The company has a fifty day simple moving average of $25.65 and a 200-day simple moving average of $25.46. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA) last posted its earnings results on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a net margin of 3.89% and a return on equity of 5.29%. On average, equities analysts anticipate that Informatica will post 0.43 EPS for the current fiscal year.

Informatica declared that its board has approved a stock repurchase program on Wednesday, October 30th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 5.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Informatica news, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.06, for a total transaction of $271,547.10. Following the sale, the chief accounting officer now directly owns 138,477 shares in the company, valued at $3,747,187.62. The trade was a 6.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.05, for a total value of $290,354.70. Following the sale, the executive vice president now owns 353,778 shares in the company, valued at $9,569,694.90. This represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Informatica

Several hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock worth $66,000 after purchasing an additional 667 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Informatica by 11.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock valued at $201,000 after acquiring an additional 810 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Informatica by 10.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 10,387 shares of the technology company’s stock valued at $263,000 after acquiring an additional 993 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Informatica in the 4th quarter valued at approximately $32,000. Finally, KBC Group NV increased its holdings in shares of Informatica by 69.4% in the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after acquiring an additional 1,325 shares during the last quarter. 98.45% of the stock is currently 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.