Informatica (NYSE:INFA) Earns Sector Perform Rating from Royal Bank of Canada

Informatica (NYSE:INFA - Get Free Report)'s stock had its "sector perform" rating reaffirmed by research analysts at Royal Bank of Canada in a report released on Tuesday, MarketBeat.com reports. They presently have a $22.00 target price on the technology company's stock, up from their previous target price of $19.00. Royal Bank of Canada's target price points to a potential downside of 8.54% from the company's current price.

A number of other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Informatica from $18.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Baird R W downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 14th. Wedbush downgraded shares of Informatica to a "neutral" rating in a report on Friday, February 14th. DA Davidson dropped their price target on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Bank of America downgraded shares of Informatica from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Sixteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $24.46.

Informatica Price Performance

Shares of NYSE:INFA traded down $0.24 during trading hours on Tuesday, hitting $24.06. 331,109 shares of the company's stock traded hands, compared to its average volume of 2,538,041. The company's fifty day simple moving average is $18.63 and its two-hundred day simple moving average is $22.11. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 802.43, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. 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 has a 52 week low of $15.65 and a 52 week high of $31.65.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly 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 net margin of 0.61% and a return on equity of 5.76%. The business had revenue of $403.90 million for the quarter, compared to analyst estimates of $392.14 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm's revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that Informatica will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 116,199 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $24.00, for a total transaction of $2,788,776.00. Following the sale, the executive vice president now directly owns 382,005 shares in the company, valued at $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 this link. Insiders have sold a total of 150,934 shares of company stock valued at $3,432,603 over the last three months. 48.10% of the stock is currently owned by insiders.

Institutional Trading of Informatica

Institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC boosted its position 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 acquiring an additional 1,216 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Informatica in the 4th quarter worth $43,000. Versant Capital Management Inc raised its position 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 valued at $32,000 after buying an additional 1,834 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 acquiring an additional 667 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in 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 worth $49,000 after acquiring an additional 2,642 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other 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.