Informatica (NYSE:INFA) Sees Unusually-High Trading Volume – Time to Buy?

Informatica Inc. (NYSE:INFA) saw strong trading volume on Tuesday . 2,150,695 shares changed hands during mid-day trading, an increase of 1% from the previous session’s volume of 2,137,887 shares.The stock last traded at $19.79 and had previously closed at $19.75.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of Informatica in a research report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price objective on the stock. Guggenheim reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Informatica in a research report on Friday, January 31st. Royal Bank of Canada downgraded shares of Informatica from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $35.00 to $19.00 in a research report on Friday. The Goldman Sachs Group downgraded shares of Informatica from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $38.00 to $20.00 in a research report on Friday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $24.67.

Informatica Stock Performance

The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The firm’s 50 day simple moving average is $25.53 and its 200 day simple moving average is $25.45. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 96.84, a PEG ratio of 3.65 and a beta of 0.99.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 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%. The business had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. Sell-side analysts forecast that Informatica Inc. will post 0.43 earnings per share for the current fiscal year.

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

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 10,734 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.05, for a total value of $290,354.70. Following the completion of the transaction, the executive vice president now directly owns 353,778 shares in the company, valued at $9,569,694.90. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Mark Pellowski sold 10,035 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. The trade was a 6.76 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Informatica by 5.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,537 shares of the technology company’s stock worth $3,955,000 after acquiring an additional 7,205 shares in the last quarter. Vident Advisory LLC purchased a new stake in Informatica in the 4th quarter worth $381,000. Squarepoint Ops LLC purchased a new stake in Informatica in the 4th quarter worth $2,062,000. Two Sigma Advisers LP purchased a new stake in Informatica in the 4th quarter worth $2,336,000. Finally, Two Sigma Investments LP increased its holdings in Informatica by 1,222.0% in the 4th quarter. Two Sigma Investments LP now owns 332,583 shares of the technology company’s stock worth $8,624,000 after acquiring an additional 307,425 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.