Informatica Inc. (NYSE:INFA) Receives Consensus Rating of “Hold” from Brokerages

Shares of Informatica Inc. (NYSE:INFA) have received an average rating of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat reports. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $24.67.

A number of equities analysts recently commented on INFA shares. Deutsche Bank Aktiengesellschaft cut shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target for the company. in a research note on Friday, February 14th. Royal Bank of Canada lowered Informatica from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Cantor Fitzgerald started coverage on Informatica in a report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target on the stock. Bank of America cut Informatica from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. Finally, Wedbush lowered Informatica to a “neutral” rating in a research note on Friday, February 14th.

Informatica Trading Up 1.6 %

Shares of INFA stock opened at $18.83 on Wednesday. The company has a market cap of $5.70 billion, a PE ratio of 627.88, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. Informatica has a 1 year low of $16.37 and a 1 year high of $39.80. The stock’s 50 day simple moving average is $21.66 and its two-hundred day simple moving average is $24.46. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica (NYSE:INFA) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). The company had revenue of $428.31 million for the quarter, compared to analysts’ expectations of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. Research analysts predict that Informatica will post 0.63 earnings per share for the current year.

Insider Activity

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the sale, the executive vice president now directly owns 328,799 shares in the company, valued at $5,977,565.82. This represents a 3.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 48.10% of the company’s stock.

Hedge Funds Weigh In On Informatica

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of Informatica by 126,639.2% in the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock valued at $268,889,000 after buying an additional 10,361,617 shares in the last quarter. Wellington Management Group LLP boosted 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 acquiring an additional 2,662,379 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in Informatica by 52.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company’s stock worth $184,804,000 after purchasing an additional 2,459,197 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock worth $281,199,000 after purchasing an additional 2,409,023 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of Informatica during the fourth quarter worth $36,236,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.