Informatica (NYSE:INFA) Given New $25.00 Price Target at Wells Fargo & Company

Informatica (NYSE:INFA) had its price target boosted by Wells Fargo & Company from $19.00 to $25.00 in a research report report published on Wednesday,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

Other equities analysts also recently issued reports about the company. Truist Financial reissued a “buy” rating and set a $24.00 price objective (down from $34.00) on shares of Informatica in a research report on Friday, February 14th. Bank of America downgraded Informatica from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Wolfe Research reaffirmed a “peer perform” rating on shares of Informatica in a report on Wednesday. Guggenheim reaffirmed a “buy” rating and issued a $37.00 price target on shares of Informatica in a report on Friday, January 31st. Finally, Royal Bank of Canada upped their price target on Informatica from $19.00 to $22.00 and gave the company a “sector perform” rating in a report on Tuesday. Sixteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Informatica has an average rating of “Hold” and a consensus target price of $24.23.

Informatica Stock Performance

NYSE INFA opened at $24.16 on Wednesday. The company has a market cap of $7.31 billion, a P/E ratio of 805.60, a P/E/G ratio of 4.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a 50-day moving average of $18.63 and a two-hundred day moving average of $22.11. Informatica has a 1-year low of $15.65 and a 1-year high of $31.65.

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

Insider Activity

In other news, EVP John Arthur Schweitzer sold 116,199 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $24.00, for a total value of $2,788,776.00. Following the completion of the sale, the executive vice president now directly owns 382,005 shares of the company’s stock, valued at approximately $9,168,120. This represents a 23.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 150,934 shares of company stock valued at $3,432,603. 48.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Informatica

Several large investors have recently modified their holdings of the stock. Amalgamated Bank raised its stake in shares of Informatica by 16.9% during the first quarter. Amalgamated Bank now owns 4,089 shares of the technology company’s stock worth $71,000 after purchasing an additional 591 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Informatica by 35.3% during the fourth 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. Cooper Financial Group raised its stake in shares of Informatica by 3.0% during the first quarter. Cooper Financial Group now owns 24,954 shares of the technology company’s stock worth $435,000 after purchasing an additional 718 shares during the last quarter. New Age Alpha Advisors LLC raised its stake in shares of Informatica by 51.5% during the first quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company’s stock worth $44,000 after purchasing an additional 862 shares during the last quarter. Finally, L. Roy Papp & Associates LLP raised its stake in shares of Informatica by 1.9% during the first quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company’s stock worth $889,000 after purchasing an additional 961 shares during 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.