Informatica (NYSE:INFA) Earns Outperform Rating from Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Informatica (NYSE:INFA) in a report released on Monday, Benzinga reports. The firm currently has a $41.00 target price on the technology company’s stock.

Other research analysts also recently issued research reports about the stock. UBS Group upped their target price on shares of Informatica from $27.00 to $37.00 and gave the stock a neutral rating in a report on Thursday, February 15th. Robert W. Baird began coverage on shares of Informatica in a report on Tuesday, April 2nd. They issued an outperform rating and a $43.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Informatica from $33.00 to $38.00 and gave the stock an overweight rating in a report on Thursday, February 15th. The Goldman Sachs Group raised shares of Informatica from a neutral rating to a buy rating and upped their target price for the stock from $26.00 to $44.00 in a report on Friday, February 16th. Finally, Citigroup upped their target price on shares of Informatica from $28.00 to $33.00 and gave the stock a neutral rating in a report on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $34.78.

Informatica Trading Down 0.9 %

NYSE:INFA opened at $34.70 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of -75.43, a price-to-earnings-growth ratio of 7.66 and a beta of 1.08. Informatica has a one year low of $13.29 and a one year high of $39.80. The business has a fifty day moving average price of $34.08 and a 200-day moving average price of $28.59.

Informatica (NYSE:INFA) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $445.18 million during the quarter, compared to analysts’ expectations of $431.51 million. Informatica had a positive return on equity of 4.29% and a negative net margin of 7.85%. Sell-side analysts forecast that Informatica will post 0.56 EPS for the current year.

Insider Buying and Selling

In related news, CEO Amit Walia sold 85,996 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $34.14, for a total value of $2,935,903.44. Following the sale, the chief executive officer now directly owns 2,537,995 shares of the company’s stock, valued at approximately $86,647,149.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Amit Walia sold 85,996 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $34.14, for a total value of $2,935,903.44. Following the sale, the chief executive officer now directly owns 2,537,995 shares of the company’s stock, valued at approximately $86,647,149.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Arthur Schweitzer sold 65,709 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $32.04, for a total transaction of $2,105,316.36. Following the completion of the sale, the executive vice president now directly owns 496,854 shares in the company, valued at $15,919,202.16. The disclosure for this sale can be found here. Insiders have sold 243,600 shares of company stock valued at $8,259,201 in the last ninety days. 53.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Informatica

Institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Informatica by 37.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,470 shares of the technology company’s stock worth $3,761,000 after acquiring an additional 35,788 shares during the period. Vanguard Group Inc. increased its position in shares of Informatica by 1.0% during the third quarter. Vanguard Group Inc. now owns 4,209,875 shares of the technology company’s stock worth $88,702,000 after acquiring an additional 42,582 shares during the period. Tudor Investment Corp Et Al increased its position in shares of Informatica by 34.0% during the third quarter. Tudor Investment Corp Et Al now owns 183,227 shares of the technology company’s stock worth $3,861,000 after acquiring an additional 46,520 shares during the period. Swiss National Bank increased its position in shares of Informatica by 1.9% during the third quarter. Swiss National Bank now owns 79,900 shares of the technology company’s stock worth $1,683,000 after acquiring an additional 1,500 shares during the period. Finally, Kennedy Capital Management LLC increased its holdings in Informatica by 32.5% during the third quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company’s stock valued at $25,525,000 after buying an additional 297,289 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

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.