Brokerages Set Informatica Inc. (NYSE:INFA) Price Target at $24.46

Informatica Inc. (NYSE:INFA - Get Free Report) has earned a consensus recommendation of "Hold" from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. Sixteen investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $24.46.

Several equities research analysts recently issued reports on the company. Truist Financial downgraded Informatica from a "strong-buy" rating to a "hold" rating and upped their price target for the stock from $24.00 to $25.00 in a report on Wednesday, May 28th. Bank of America downgraded Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Scotiabank upped their price target on Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Robert W. Baird upped their price target on Informatica from $19.00 to $25.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $25.00 price target (up previously from $24.00) on shares of Informatica in a report on Wednesday, May 28th.

Informatica Stock Down 0.1%

Shares of NYSE INFA traded down $0.02 during midday trading on Monday, hitting $24.10. 2,339,077 shares of the stock traded hands, compared to its average volume of 2,638,014. The company has a market cap of $7.29 billion, a PE ratio of 803.43, a P/E/G ratio of 4.44 and a beta of 1.17. Informatica has a one year low of $15.65 and a one year high of $31.65. The business has a 50 day moving average price of $19.87 and a two-hundred day moving average price of $22.02. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $403.90 million during the quarter, compared to the consensus estimate of $392.14 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The company's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, equities analysts predict that Informatica will post 0.63 EPS for the current year.

Insider Buying and Selling at Informatica

In other news, EVP Ansa Sekharan sold 99,348 shares of the company's stock in a transaction 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 now owns 391,959 shares of the company's stock, valued at $9,465,809.85. This represents a 20.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Arthur Schweitzer sold 11,729 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $19.36, for a total value of $227,073.44. Following the transaction, the executive vice president now directly owns 404,681 shares in the company, valued at $7,834,624.16. This represents a 2.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 238,779 shares of company stock worth $5,622,733 in the last quarter. 2.80% of the stock is currently owned by company insiders.

Institutional Trading of Informatica

A number of institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Informatica by 13.8% during 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 in the last quarter. Vanguard Group Inc. lifted its holdings in Informatica by 28.6% during the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock worth $281,199,000 after purchasing an additional 2,409,023 shares in the last quarter. FIL Ltd lifted its holdings in Informatica by 0.9% during the 4th quarter. FIL Ltd now owns 10,449,229 shares of the technology company's stock worth $270,949,000 after purchasing an additional 93,685 shares in the last quarter. FMR LLC lifted its holdings in 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 purchasing an additional 10,361,617 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Informatica by 16.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock worth $209,075,000 after purchasing an additional 1,168,158 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.