Informatica (NYSE:INFA) Rating Lowered to Hold at Wolfe Research

Wolfe Research downgraded shares of Informatica (NYSE:INFA - Free Report) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning, MarketBeat reports.

A number of other brokerages have also issued reports on INFA. Bank of America lowered shares of Informatica from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Guggenheim reiterated a "buy" rating and issued a $37.00 price objective on shares of Informatica in a research report on Friday, January 31st. Wedbush lowered Informatica to a "neutral" rating in a report on Friday, February 14th. UBS Group upped their target price on Informatica from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company cut Informatica from a "buy" rating to an "equal weight" rating in a research report on Friday, February 14th. Sixteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $24.46.

Informatica Stock Performance

Shares of NYSE:INFA traded down $0.05 during midday trading on Wednesday, hitting $24.05. The company's stock had a trading volume of 4,479,818 shares, compared to its average volume of 2,580,063. 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 stock's 50 day simple moving average is $18.85 and its 200 day simple moving average is $22.08. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 801.93, a PEG 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.

Informatica (NYSE:INFA - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $392.14 million. During the same quarter last year, the firm posted $0.22 EPS. The company's revenue was up 3.9% on a year-over-year basis. As a group, research analysts anticipate that Informatica will post 0.63 earnings per share for the current year.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the transaction, the executive vice president now directly owns 416,410 shares in the company, valued at approximately $7,516,200.50. This represents a 2.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 150,934 shares of company stock valued at $3,432,603. 48.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Informatica

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in shares of Informatica by 540.4% during the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock valued at $25,000 after purchasing an additional 1,216 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Informatica during the 4th quarter worth about $43,000. Versant Capital Management Inc boosted its stake in shares of Informatica by 7,053.8% during the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock worth $32,000 after buying an additional 1,834 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after buying an additional 667 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Informatica by 1,545.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock valued at $49,000 after acquiring an additional 2,642 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

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.