Informatica (NYSE:INFA) Price Target Raised to $20.00

Informatica (NYSE:INFA) had its price target increased by analysts at UBS Group from $19.00 to $20.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. UBS Group’s target price points to a potential upside of 5.37% from the company’s current price.

A number of other research firms have also recently weighed in on INFA. Baird R W cut Informatica from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th. Truist Financial reissued a “buy” rating and set a $24.00 target price (down previously from $34.00) on shares of Informatica in a research report on Friday, February 14th. Scotiabank boosted their target price on Informatica from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Thursday. Robert W. Baird reiterated a “neutral” rating and issued a $19.00 price target (down from $35.00) on shares of Informatica in a research note on Friday, February 14th. Finally, Cantor Fitzgerald assumed coverage on shares of Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 price objective for the company. Thirteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Informatica currently has a consensus rating of “Hold” and a consensus target price of $23.62.

Informatica Price Performance

Shares of NYSE INFA opened at $18.98 on Thursday. The stock’s 50-day moving average is $18.02 and its two-hundred day moving average is $22.63. 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 has a 1-year low of $15.65 and a 1-year high of $31.65. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 632.88, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company had revenue of $403.90 million during the quarter, compared to analysts’ expectations of $392.14 million. During the same quarter in the previous year, the business posted $0.22 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. Analysts forecast that Informatica will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $18.05, for a total value of $207,629.15. Following the transaction, the executive vice president now directly owns 416,410 shares in the company, valued at approximately $7,516,200.50. This trade represents a 2.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 48.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Informatica

Several large investors have recently modified their holdings of INFA. Wells Fargo & Company MN raised its position in Informatica by 15.0% during the 4th quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company’s stock worth $2,101,000 after buying an additional 10,553 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Informatica by 21.0% during the fourth quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company’s stock worth $534,000 after purchasing an additional 3,575 shares in the last quarter. Norges Bank acquired a new stake in Informatica in the fourth quarter valued at about $25,265,000. KBC Group NV lifted its position in Informatica by 69.4% in the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after purchasing an additional 1,325 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Informatica by 24.4% in the 4th quarter. Geode Capital Management LLC now owns 1,508,989 shares of the technology company’s stock valued at $39,140,000 after purchasing an additional 295,801 shares in the last quarter. Hedge funds and other 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.