Analysts Set Informatica Inc. (NYSE:INFA) PT at $32.55

by · The Cerbat Gem

Shares of Informatica Inc. (NYSE:INFA – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $32.55.

Several brokerages recently weighed in on INFA. UBS Group reduced their price target on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and issued a $35.00 price target on shares of Informatica in a research report on Wednesday, July 31st. Citigroup cut their price objective on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Guggenheim reiterated a “buy” rating and set a $37.00 price objective on shares of Informatica in a research report on Tuesday, June 25th. Finally, Robert W. Baird cut their price objective on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st.

Read Our Latest Stock Analysis on Informatica

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 64,501 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $28.18, for a total value of $1,817,638.18. Following the completion of the sale, the executive vice president now directly owns 437,348 shares of the company’s stock, valued at $12,324,466.64. 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 related news, EVP John Arthur Schweitzer sold 64,501 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $28.18, for a total value of $1,817,638.18. Following the completion of the sale, the executive vice president now directly owns 437,348 shares of the company’s stock, valued at $12,324,466.64. 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. Also, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $27.74, for a total transaction of $278,121.24. Following the sale, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at approximately $4,072,342.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is owned by insiders.

Institutional Trading of Informatica

Several hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. acquired a new position in shares of Informatica during the second quarter valued at about $32,000. ORG Partners LLC acquired a new position in shares of Informatica during the first quarter valued at about $43,000. Summit Securities Group LLC acquired a new position in shares of Informatica during the second quarter valued at about $46,000. Quarry LP increased its holdings in shares of Informatica by 186.9% during the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after acquiring an additional 1,482 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of 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 in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Price Performance

INFA stock opened at $25.40 on Wednesday. Informatica has a one year low of $18.71 and a one year high of $39.80. The company’s fifty day moving average price is $24.54 and its 200-day moving average price is $28.66. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.03 and a current ratio of 2.03. The company has a market capitalization of $7.50 billion, a PE ratio of -1,270.00, a price-to-earnings-growth ratio of 5.13 and a beta of 1.06.

Informatica (NYSE:INFA – Get Free Report) last announced its quarterly earnings results 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. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The company had revenue of $400.63 million for the quarter, compared to analysts’ expectations of $402.97 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. Informatica’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts anticipate that Informatica will post 0.5 EPS for the current fiscal year.

Informatica Company Profile

(Get Free Report

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.

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