JPMorgan Chase & Co. Cuts Informatica (NYSE:INFA) Price Target to $34.00

Informatica (NYSE:INFA) had its target price decreased by JPMorgan Chase & Co. from $38.00 to $34.00 in a report released on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the technology company’s stock.

A number of other equities research analysts also recently issued reports on INFA. UBS Group cut their target price on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Citigroup reduced their price objective on Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Guggenheim reaffirmed a “buy” rating on shares of Informatica in a research report on Friday, October 18th. Scotiabank reduced their price target on Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. Finally, Robert W. Baird lowered their price target on Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.18.

Informatica Stock Performance

Shares of Informatica stock opened at $26.72 on Friday. The stock has a market cap of $7.88 billion, a PE ratio of -1,336.00, a price-to-earnings-growth ratio of 5.41 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 quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $25.35 and a 200-day simple moving average of $27.63.

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

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 8,501 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the sale, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the sale, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at $3,817,875.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Arthur Schweitzer sold 8,501 shares of Informatica stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the transaction, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

Several hedge funds and other institutional investors have recently modified their holdings of INFA. Bank of Montreal Can acquired a new position in Informatica during the 2nd quarter valued at $2,442,000. Swiss National Bank raised its position in shares of Informatica by 35.2% during the first quarter. Swiss National Bank now owns 97,600 shares of the technology company’s stock valued at $3,416,000 after buying an additional 25,400 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Informatica by 78,094.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock valued at $44,473,000 after buying an additional 1,269,034 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Informatica during the first quarter worth about $4,162,000. Finally, Fred Alger Management LLC increased its stake in Informatica by 63.3% during the second 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 during the period. 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.