Informatica Inc. (NYSE:INFA) Receives Average Rating of "Hold" from Brokerages

Key Points

• Informatica Inc. has received an average consensus recommendation of "Hold" from 17 research firms, with one analyst assigning a buy rating and an average price target of $24.46.
• The company's stock saw a slight decline of 0.2%, and recent earnings results reported $0.22 EPS, aligning with analysts' expectations.
• Several analysts downgraded their ratings on Informatica, with notable changes from Truist Financial and Wolfe Research shifting from "strong-buy" to "hold" recommendations.

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

Several analysts have 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 research note on Wednesday, May 28th. Wells Fargo & Company upped their price target on Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 28th. Wolfe Research downgraded Informatica from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. 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 research note on Wednesday, May 28th. Finally, Scotiabank upped their price target on Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th.

Informatica Stock Down 0.2%

NYSE:INFA opened at $24.56 on Tuesday. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of -2,456,000.00, a PEG ratio of 5.96 and a beta of 1.15. Informatica has a 1-year low of $15.65 and a 1-year high of $28.14. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.78. The business's fifty day moving average price is $23.90 and its 200 day moving average price is $21.47.

Informatica (NYSE:INFA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, meeting analysts' consensus estimates of $0.22. Informatica had a return on equity of 5.89% and a net margin of 0.12%. The firm had revenue of $403.90 million for the quarter, compared to the consensus estimate of $392.14 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The business's quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts forecast that Informatica will post 0.63 earnings per share for the current fiscal year.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 48,929 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $24.22, for a total transaction of $1,185,060.38. Following the completion of the sale, the executive vice president owned 362,637 shares in the company, valued at $8,783,068.14. This represents a 11.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ansa Sekharan sold 99,348 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $24.15, for a total value of $2,399,254.20. Following the sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 276,205 shares of company stock valued at $6,600,164. 2.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Informatica

Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in Informatica by 15.0% in the 4th quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company's stock valued at $2,101,000 after acquiring an additional 10,553 shares in the last quarter. Norges Bank acquired a new position in Informatica in the 4th quarter valued at approximately $25,265,000. D. E. Shaw & Co. Inc. acquired a new position in Informatica in the 4th quarter valued at approximately $748,000. Squarepoint Ops LLC acquired a new position in Informatica in the 4th quarter valued at approximately $2,062,000. Finally, Geode Capital Management LLC raised its holdings in Informatica by 24.4% in the 4th quarter. Geode Capital Management LLC now owns 1,508,989 shares of the technology company's stock valued at $39,140,000 after acquiring an additional 295,801 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.

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