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

Informatica Inc. (NYSE:INFA - Get Free Report) has earned an average rating of "Hold" from the sixteen research firms that are presently covering the company, Marketbeat.com reports. Thirteen analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $23.62.

A number of analysts recently commented on the company. Royal Bank of Canada dropped their price target on Informatica from $20.00 to $19.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. Robert W. Baird reaffirmed a "neutral" rating and issued a $19.00 price target (down previously from $35.00) on shares of Informatica in a research note on Friday, February 14th. DA Davidson dropped their price target on Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Truist Financial reaffirmed a "buy" rating and issued a $24.00 price target (down previously from $34.00) on shares of Informatica in a research note on Friday, February 14th. Finally, Wedbush lowered Informatica to a "neutral" rating in a research note on Friday, February 14th.

Insider Activity

In other news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the transaction, the executive vice president now owns 328,799 shares of the company's stock, valued at $5,977,565.82. The trade was a 3.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 48.10% of the company's stock.

Hedge Funds Weigh In On Informatica

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its position in shares of Informatica by 540.4% in the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock worth $25,000 after purchasing an additional 1,216 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Informatica by 7,053.8% in the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock worth $32,000 after purchasing an additional 1,834 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Informatica in the 4th quarter worth about $43,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Informatica by 1,545.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock worth $49,000 after purchasing an additional 2,642 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in Informatica by 126.1% in the 1st quarter. Deutsche Bank AG now owns 2,976 shares of the technology company's stock worth $52,000 after buying an additional 1,660 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Informatica Stock Performance

NYSE:INFA opened at $19.39 on Thursday. The firm has a market cap of $5.87 billion, a PE ratio of 646.55, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. Informatica has a fifty-two week low of $15.65 and a fifty-two week high of $31.65. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The business has a 50 day moving average price of $18.07 and a 200-day moving average price of $22.48.

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

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