Informatica (NYSE:INFA) Given “Buy” Rating at Guggenheim

Guggenheim reiterated their buy rating on shares of Informatica (NYSE:INFA) in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $37.00 price objective on the technology company’s stock.

A number of other equities analysts also recently issued reports on the company. Citigroup lifted their price target on Informatica from $28.00 to $33.00 and gave the company a neutral rating in a research note on Monday, February 12th. JPMorgan Chase & Co. lifted their price target on Informatica from $33.00 to $38.00 and gave the company an overweight rating in a research note on Thursday, February 15th. Wells Fargo & Company cut their price target on Informatica from $45.00 to $40.00 and set an overweight rating for the company in a research note on Tuesday. Robert W. Baird initiated coverage on Informatica in a research note on Tuesday, April 2nd. They set an outperform rating and a $43.00 price target for the company. Finally, Royal Bank of Canada reiterated an outperform rating and set a $41.00 price target on shares of Informatica in a research note on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Informatica currently has an average rating of Moderate Buy and a consensus target price of $35.45.

Informatica Stock Performance

Shares of Informatica stock opened at $31.39 on Tuesday. Informatica has a one year low of $13.29 and a one year high of $39.80. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of -68.24, a PEG ratio of 7.49 and a beta of 1.08. The business has a 50-day simple moving average of $34.24 and a 200 day simple moving average of $28.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.66 and a quick ratio of 1.66.

Informatica (NYSE:INFA) last issued its earnings results on Wednesday, February 14th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. The firm had revenue of $445.18 million during the quarter, compared to the consensus estimate of $431.51 million. On average, research analysts anticipate that Informatica will post 0.56 earnings per share for the current fiscal year.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 65,709 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total value of $2,105,316.36. Following the transaction, the executive vice president now owns 496,854 shares in the company, valued at $15,919,202.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP John Arthur Schweitzer sold 65,709 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total value of $2,105,316.36. Following the transaction, the executive vice president now owns 496,854 shares in the company, valued at $15,919,202.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total value of $321,233.04. Following the completion of the transaction, the chief accounting officer now owns 150,937 shares in the company, valued at approximately $4,836,021.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 243,600 shares of company stock worth $8,259,201. Insiders own 53.90% of the company’s stock.

Institutional Investors Weigh In On Informatica

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in Informatica by 4.7% during the 3rd quarter. Victory Capital Management Inc. now owns 12,600 shares of the technology company’s stock valued at $265,000 after acquiring an additional 562 shares during the period. Handelsbanken Fonder AB raised its holdings in Informatica by 4.7% during the 4th quarter. Handelsbanken Fonder AB now owns 17,864 shares of the technology company’s stock valued at $507,000 after acquiring an additional 800 shares during the period. Quent Capital LLC raised its holdings in Informatica by 86.2% during the 4th quarter. Quent Capital LLC now owns 2,389 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,106 shares during the period. GAMMA Investing LLC bought a new stake in Informatica during the 4th quarter valued at $39,000. Finally, Renaissance Capital LLC raised its holdings in Informatica by 5.1% during the 1st quarter. Renaissance Capital LLC now owns 28,526 shares of the technology company’s stock valued at $998,000 after acquiring an additional 1,373 shares during the period. 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.