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

Informatica (NYSE:INFA) was downgraded by Baird R W from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

INFA has been the topic of several other research reports. Royal Bank of Canada cut shares of Informatica from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $35.00 to $19.00 in a research report on Friday. Wells Fargo & Company reiterated an “equal weight” rating and issued a $19.00 target price (down previously from $34.00) on shares of Informatica in a research note on Friday. Deutsche Bank Aktiengesellschaft downgraded shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a research note on Friday. The Goldman Sachs Group downgraded shares of Informatica from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, Bank of America downgraded shares of Informatica from a “buy” rating to a “neutral” rating in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Informatica currently has an average rating of “Hold” and an average price target of $26.17.

Informatica Stock Performance

Shares of NYSE:INFA opened at $19.59 on Friday. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 93.27, a price-to-earnings-growth ratio of 3.65 and a beta of 0.99. The company has a 50-day moving average price of $25.65 and a 200-day moving average price of $25.46. 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 has a 12 month low of $16.37 and a 12 month high of $39.80.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a net margin of 3.89% and a return on equity of 5.29%. As a group, equities analysts anticipate that Informatica will post 0.43 EPS for the current year.

Informatica announced that its Board of Directors has initiated a share buyback program 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.05, for a total value of $290,354.70. Following the sale, the executive vice president now directly owns 353,778 shares in the company, valued at approximately $9,569,694.90. The trade was a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the completion of the sale, the chief accounting officer now owns 138,477 shares in the company, valued at approximately $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 48.10% of the company’s stock.

Institutional Trading of Informatica

Large investors have recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new stake in shares of Informatica in the 4th quarter worth about $32,000. Quarry LP purchased a new position in shares of Informatica during the 3rd quarter worth about $38,000. New Age Alpha Advisors LLC purchased a new position in shares of Informatica during the 4th quarter worth about $43,000. National Bank of Canada FI boosted its stake in shares of Informatica by 3,288.0% during the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,644 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of Informatica during the 4th quarter worth about $54,000. 98.45% of the stock is currently owned by institutional investors.

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.