Informatica Inc. (NYSE:INFA) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Informatica Inc. (NYSE:INFA - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seventeen research firms that are presently covering the company, Marketbeat Ratings reports. Sixteen equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $24.46.

Several research firms recently issued reports on INFA. UBS Group increased their target price on Informatica from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Truist Financial lowered shares of Informatica from a "strong-buy" rating to a "hold" rating and increased their price objective for the company from $24.00 to $25.00 in a report on Wednesday, May 28th. Robert W. Baird lifted their price objective on shares of Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 target price on shares of Informatica in a research report on Wednesday, May 28th. Finally, Scotiabank raised their target price on shares of Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th.

Insider Buying and Selling

In other news, EVP Ansa Sekharan sold 99,348 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $24.15, for a total transaction of $2,399,254.20. Following the transaction, the executive vice president owned 391,959 shares of the company's stock, valued at approximately $9,465,809.85. The trade was a 20.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John Arthur Schweitzer sold 116,199 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $24.00, for a total value of $2,788,776.00. Following the completion of the sale, the executive vice president owned 382,005 shares of the company's stock, valued at approximately $9,168,120. This represents a 23.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 238,779 shares of company stock worth $5,622,733. Company insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On Informatica

Several institutional investors have recently made changes to their positions in INFA. Wellington Management Group LLP raised its position in Informatica by 13.8% in the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock worth $341,111,000 after purchasing an additional 1,591,037 shares during the period. Vanguard Group Inc. grew its stake in shares of Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after buying an additional 2,409,023 shares during the last quarter. FIL Ltd raised its holdings in shares of Informatica by 0.9% in the fourth quarter. FIL Ltd now owns 10,449,229 shares of the technology company's stock worth $270,949,000 after buying an additional 93,685 shares during the period. FMR LLC lifted its stake in shares of Informatica by 126,639.2% during the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock worth $268,889,000 after acquiring an additional 10,361,617 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in Informatica by 52.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock valued at $184,804,000 after acquiring an additional 2,459,197 shares during the period. Institutional investors own 98.45% of the company's stock.

Informatica Stock Performance

NYSE INFA traded up $0.08 on Friday, reaching $24.41. 2,175,476 shares of the stock were exchanged, compared to its average volume of 2,791,769. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.78. Informatica has a one year low of $15.65 and a one year high of $31.65. The firm has a market capitalization of $7.39 billion, a PE ratio of -2,441,000.00, a PEG ratio of 5.89 and a beta of 1.15. The company's 50-day simple moving average is $22.09 and its two-hundred day simple moving average is $21.75.

Informatica (NYSE:INFA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. Informatica had a net margin of 0.12% and a return on equity of 5.89%. The firm had revenue of $403.90 million during the quarter, compared to analysts' expectations of $392.14 million. During the same period in the prior year, the company posted $0.22 earnings per share. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts expect that Informatica will post 0.63 EPS for the current fiscal year.

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.