Informatica Inc. (NYSE:INFA) Receives $32.55 Consensus Target Price from Brokerages

Shares of Informatica Inc. (NYSE:INFA) have received a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $32.55.

INFA has been the topic of several research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 price target on shares of Informatica in a research report on Wednesday, July 31st. Wells Fargo & Company decreased their target price on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Robert W. Baird decreased their target price 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. Guggenheim restated a “buy” rating and set a $37.00 target price on shares of Informatica in a research report on Tuesday, June 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st.

Informatica Stock Up 1.4 %

INFA stock opened at $25.47 on Wednesday. The company’s 50 day simple moving average is $24.59 and its 200-day simple moving average is $28.50. The firm has a market capitalization of $7.52 billion, a PE ratio of -1,273.50, a P/E/G ratio of 5.13 and a beta of 1.06. Informatica has a 12 month low of $18.71 and a 12 month high of $39.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03.

Informatica (NYSE:INFA) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $400.63 million for the quarter, compared to analyst estimates of $402.97 million. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 earnings per share. Equities analysts expect that Informatica will post 0.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 64,501 shares of Informatica stock in a transaction on 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 transaction, the executive vice president now owns 437,348 shares in the company, valued at $12,324,466.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Informatica news, EVP John Arthur Schweitzer sold 64,501 shares of Informatica stock in a transaction on 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 transaction, the executive vice president now owns 437,348 shares in the company, valued at $12,324,466.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Monday, July 15th. The shares were sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the transaction, the chief accounting officer now owns 146,804 shares in the company, valued at approximately $4,072,342.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Informatica

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can acquired a new position in shares of Informatica during the 2nd quarter valued at $2,442,000. Swiss National Bank lifted its holdings in shares of Informatica by 35.2% during the 1st quarter. Swiss National Bank now owns 97,600 shares of the technology company’s stock valued at $3,416,000 after acquiring an additional 25,400 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Informatica by 78,094.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock valued at $44,473,000 after acquiring an additional 1,269,034 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Informatica during the 1st quarter valued at $4,162,000. Finally, Fred Alger Management LLC lifted its holdings in shares of Informatica by 63.3% during the 2nd quarter. Fred Alger Management LLC now owns 794,084 shares of the technology company’s stock valued at $24,521,000 after acquiring an additional 307,803 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

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.