Informatica (NYSE:INFA) Receives “Buy” Rating from Truist Financial

Informatica (NYSE:INFA)‘s stock had its “buy” rating reiterated by Truist Financial in a note issued to investors on Friday,Benzinga reports. They currently have a $24.00 target price on the technology company’s stock, down from their previous target price of $34.00. Truist Financial’s price objective would suggest a potential upside of 22.54% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. Guggenheim reiterated a “buy” rating and issued a $37.00 price objective on shares of Informatica in a research note on Friday, January 31st. Bank of America cut shares of Informatica from a “buy” rating to a “neutral” rating in a research note on Friday. Royal Bank of Canada cut shares of Informatica from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $35.00 to $19.00 in a research note on Friday. Deutsche Bank Aktiengesellschaft cut shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research note on Friday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Informatica has a consensus rating of “Hold” and a consensus price target of $26.17.

Informatica Stock Performance

Shares of NYSE INFA opened at $19.59 on Friday. The firm’s 50-day moving average price is $25.65 and its 200-day moving average price is $25.47. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a market cap of $5.98 billion, a PE ratio of 93.27, a PEG ratio of 3.65 and a beta of 0.99. Informatica has a 52-week low of $16.37 and a 52-week high of $39.80.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a net margin of 3.89% and a return on equity of 5.29%. The company had revenue of $428.31 million for the quarter, compared to analysts’ expectations of $457.55 million. As a group, analysts anticipate that Informatica will post 0.43 EPS for the current year.

Informatica announced that its board has initiated a stock repurchase plan on Wednesday, October 30th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 5.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, CAO Mark Pellowski sold 10,035 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the completion of 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 trade represents a 6.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Arthur Schweitzer sold 10,734 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.05, for a total transaction of $290,354.70. Following the completion of the transaction, the executive vice president now directly owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. This trade represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC boosted its stake in Informatica by 24.1% during the third quarter. CWM LLC now owns 38,995 shares of the technology company’s stock worth $986,000 after buying an additional 7,585 shares during the period. Vontobel Holding Ltd. boosted its stake in Informatica by 18.1% during the third quarter. Vontobel Holding Ltd. now owns 45,606 shares of the technology company’s stock worth $1,153,000 after buying an additional 7,000 shares during the period. Ellsworth Advisors LLC boosted its stake in Informatica by 9.0% during the third quarter. Ellsworth Advisors LLC now owns 20,008 shares of the technology company’s stock worth $506,000 after buying an additional 1,658 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Informatica by 11.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock worth $201,000 after buying an additional 810 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake 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 worth $178,046,000 after buying an additional 5,631,139 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.