Royal Bank of Canada Reaffirms "Sector Perform" Rating for Informatica (NYSE:INFA)

Informatica (NYSE:INFA - Get Free Report)'s stock had its "sector perform" rating reiterated by equities research analysts at Royal Bank of Canada in a research report issued on Tuesday, Marketbeat reports. They presently have a $22.00 target price on the technology company's stock, up from their prior target price of $19.00. Royal Bank of Canada's price target indicates a potential downside of 8.52% from the company's current price.

Several other equities research analysts have also recently commented on INFA. Robert W. Baird reaffirmed a "neutral" rating and issued a $19.00 price objective (down from $35.00) on shares of Informatica in a research report on Friday, February 14th. UBS Group lifted their price target on shares of Informatica from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Baird R W lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 14th. DA Davidson lowered their price target on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Truist Financial reiterated a "buy" rating and issued a $24.00 price target (down from $34.00) on shares of Informatica in a research note on Friday, February 14th. Sixteen analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $24.46.

Informatica Stock Down 0.2%

INFA traded down $0.05 during trading on Tuesday, hitting $24.05. The company had a trading volume of 4,479,818 shares, compared to its average volume of 2,576,770. The company has a market capitalization of $7.28 billion, a PE ratio of 801.93, a PEG ratio of 4.44 and a beta of 1.04. Informatica has a one year low of $15.65 and a one year high of $31.65. The firm's 50-day moving average price is $18.85 and its 200 day moving average price is $22.10. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

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

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the sale, the executive vice president now owns 328,799 shares of the company's stock, valued at approximately $5,977,565.82. The trade was a 3.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 150,934 shares of company stock valued at $3,432,603. Company insiders own 48.10% of the company's stock.

Institutional Trading of Informatica

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Amalgamated Bank boosted its holdings in Informatica by 16.9% in the 1st quarter. Amalgamated Bank now owns 4,089 shares of the technology company's stock valued at $71,000 after purchasing an additional 591 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Informatica by 35.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after purchasing an additional 667 shares during the period. Cooper Financial Group boosted its holdings in Informatica by 3.0% in the 1st quarter. Cooper Financial Group now owns 24,954 shares of the technology company's stock valued at $435,000 after purchasing an additional 718 shares during the period. New Age Alpha Advisors LLC boosted its holdings in Informatica by 51.5% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock valued at $44,000 after purchasing an additional 862 shares during the period. Finally, L. Roy Papp & Associates LLP boosted its holdings in Informatica by 1.9% in the 1st quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company's stock valued at $889,000 after purchasing an additional 961 shares during the period. Institutional investors own 98.45% of the company's stock.

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.