Informatica (NYSE:INFA) Cut to “Hold” at Deutsche Bank Aktiengesellschaft

Informatica (NYSE:INFA) was downgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report released on Friday,Finviz reports. They presently have a $21.00 price objective on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential downside of 16.52% from the stock’s previous close.

Several other equities analysts have also issued reports on INFA. UBS Group lifted their price target on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Robert W. Baird restated a “neutral” rating and set a $19.00 price objective (down previously from $35.00) on shares of Informatica in a research report on Friday. Guggenheim restated a “buy” rating and set a $37.00 price objective on shares of Informatica in a research report on Friday, January 31st. Wells Fargo & Company restated an “equal weight” rating and set a $19.00 price objective (down previously from $34.00) on shares of Informatica in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.92.

Informatica Stock Performance

NYSE:INFA opened at $25.16 on Friday. The stock has a market cap of $7.68 billion, a P/E ratio of 119.79, a PEG ratio of 3.65 and a beta of 0.99. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock has a 50 day simple moving average of $25.84 and a 200 day simple moving average of $25.50. Informatica has a 1-year low of $22.08 and a 1-year high of $39.80.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a net margin of 3.89% and a return on equity of 5.29%. Research analysts anticipate that Informatica will post 0.43 earnings per share for the current year.

Informatica declared that its board has authorized a share repurchase program on Wednesday, October 30th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 5.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, CAO Mark Pellowski sold 10,035 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.06, for a total transaction of $271,547.10. Following the transaction, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. This represents a 6.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Arthur Schweitzer sold 10,734 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.05, for a total value of $290,354.70. Following the sale, the executive vice president now directly owns 353,778 shares of the company’s stock, valued at $9,569,694.90. This represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Institutional Trading of Informatica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INFA. FMR LLC grew its holdings in Informatica by 126,639.2% during the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock valued at $268,889,000 after purchasing an additional 10,361,617 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Informatica by 398.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock valued at $178,046,000 after purchasing an additional 5,631,139 shares during the period. Wellington Management Group LLP grew its holdings in Informatica by 29.9% during 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 purchasing an additional 2,662,379 shares during the period. Pictet Asset Management Holding SA grew its holdings in Informatica by 52.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company’s stock valued at $184,804,000 after purchasing an additional 2,459,197 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock valued at $281,199,000 after purchasing an additional 2,409,023 shares during the period. 98.45% of the stock is owned by institutional investors.

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.