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

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 earned a consensus recommendation of "Hold" from the sixteen ratings firms that are covering the firm, MarketBeat reports. Fifteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $24.17.

A number of analysts recently commented on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and set a $25.00 price objective (up previously from $24.00) on shares of Informatica in a report on Wednesday, May 28th. DA Davidson decreased their price objective on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Truist Financial downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating and boosted their price objective for the stock from $24.00 to $25.00 in a report on Wednesday, May 28th. Scotiabank upped their price target on shares of Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada set a $25.00 price target on shares of Informatica in a research report on Wednesday, May 28th.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 116,199 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $24.00, for a total transaction of $2,788,776.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ansa Sekharan sold 99,348 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $24.15, for a total transaction of $2,399,254.20. Following the transaction, the executive vice president directly owned 391,959 shares in the company, valued at $9,465,809.85. The trade was a 20.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 276,205 shares of company stock worth $6,600,164 in the last three months. Insiders own 2.80% of the company's stock.

Hedge Funds Weigh In On Informatica

Institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Informatica by 15.0% during the fourth quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company's stock valued at $2,101,000 after buying an additional 10,553 shares during the period. Norges Bank acquired a new position in Informatica during the fourth quarter worth approximately $25,265,000. D. E. Shaw & Co. Inc. acquired a new position in Informatica during the fourth quarter worth approximately $748,000. Squarepoint Ops LLC acquired a new position in Informatica during the fourth quarter worth approximately $2,062,000. Finally, Geode Capital Management LLC increased its position in Informatica by 24.4% during the fourth quarter. Geode Capital Management LLC now owns 1,508,989 shares of the technology company's stock worth $39,140,000 after purchasing an additional 295,801 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Informatica Price Performance

INFA stock traded down $0.06 during trading on Tuesday, reaching $24.65. 936,792 shares of the company were exchanged, compared to its average volume of 4,019,085. The company has a market cap of $7.46 billion, a P/E ratio of -2,464,500.00, a PEG ratio of 5.96 and a beta of 1.15. Informatica has a 52-week low of $15.65 and a 52-week high of $28.14. The stock's 50 day moving average price is $24.23 and its 200 day moving average price is $21.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.92 and a current ratio of 1.92.

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, hitting analysts' consensus estimates of $0.22. The firm had revenue of $403.90 million for the quarter, compared to the consensus estimate of $392.14 million. Informatica had a net margin of 0.12% and a return on equity of 5.89%. The firm's revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. As a group, analysts predict that Informatica will post 0.63 earnings per share for the current fiscal year.

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.