Informatica (NYSE:INFA) PT Lowered to $34.00 at JPMorgan Chase & Co.

Informatica (NYSE:INFA) had its price objective decreased by research analysts at JPMorgan Chase & Co. from $38.00 to $34.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 27.25% from the stock’s current price.

INFA has been the subject of several other reports. UBS Group dropped their price objective on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group cut their price target on shares of Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and set a $35.00 target price on shares of Informatica in a research report on Wednesday, July 31st. Wells Fargo & Company reduced their price target on Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, Citigroup dropped their price objective on Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Informatica currently has an average rating of “Moderate Buy” and an average target price of $32.18.

Informatica Stock Up 0.3 %

Shares of NYSE INFA opened at $26.72 on Friday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. Informatica has a 12-month low of $18.71 and a 12-month high of $39.80. The firm’s 50-day moving average price is $25.35 and its 200-day moving average price is $27.70. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 50.42, a P/E/G ratio of 5.41 and a beta of 1.06.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $400.63 million for the quarter, compared to analysts’ expectations of $402.97 million. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share. On average, equities research analysts anticipate that Informatica will post 0.5 EPS for the current fiscal year.

Insider Transactions at Informatica

In related news, EVP John Arthur Schweitzer sold 8,501 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the sale, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at $10,535,037.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the sale, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Arthur Schweitzer sold 8,501 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the transaction, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. The trade was a 0.00 % 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 Investors Weigh In On Informatica

Institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. bought a new position in Informatica in the second quarter worth about $32,000. ORG Partners LLC purchased a new position in shares of Informatica in the 1st quarter worth approximately $43,000. Summit Securities Group LLC bought a new position in shares of Informatica during the 2nd quarter worth approximately $46,000. Amalgamated Bank lifted its position in Informatica by 42.1% during the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after acquiring an additional 1,037 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in Informatica in the third quarter valued at approximately $149,000. 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.