Informatica (NYSE:INFA) Price Target Raised to $25.00 at UBS Group

Key Points

• UBS Group has raised its price target for Informatica (NYSE: INFA) from $21.00 to $25.00, indicating a potential upside of 1.28% from the current price, while maintaining a "neutral" rating.
• Other analysts have given mixed ratings, with Wolfe Research shifting from a "strong-buy" to a "hold," while Robert W. Baird also set a price target of $25.00.
• Informatica reported $403.90 million in revenue for the recent quarter, exceeding analyst expectations, and maintained earnings per share of $0.22, consistent with the prior year.

Informatica (NYSE:INFA - Get Free Report) had its price objective hoisted by analysts at UBS Group from $21.00 to $25.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the technology company's stock. UBS Group's price objective would indicate a potential upside of 1.28% from the stock's current price.

A number of other analysts have also weighed in on the company. Wolfe Research lowered Informatica from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Robert W. Baird upped their price objective on shares of Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Scotiabank increased their price target on shares of Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Wells Fargo & Company upped their price objective on shares of Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $25.00 price target (up previously from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Sixteen equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $23.67.

Informatica Price Performance

Shares of INFA stock traded down $0.04 during trading hours on Thursday, hitting $24.69. 1,015,185 shares of the company's stock were exchanged, compared to its average volume of 3,986,748. The firm has a 50 day moving average of $24.34 and a two-hundred day moving average of $21.52. Informatica has a fifty-two week low of $15.65 and a fifty-two week high of $28.14. The firm has a market cap of $7.47 billion, a P/E ratio of -2,468,500.00, a P/E/G ratio of 5.98 and a beta of 1.15. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.78.

Informatica (NYSE:INFA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Informatica had a net margin of 0.12% and a return on equity of 5.89%. The company had revenue of $403.90 million during the quarter, compared to analysts' expectations of $392.14 million. During the same quarter in the prior year, the company earned $0.22 EPS. Informatica's revenue was up 3.9% compared to the same quarter last year. Sell-side analysts forecast that Informatica will post 0.63 EPS for the current year.

Insider Activity at Informatica

In other Informatica news, EVP Ansa Sekharan sold 99,348 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $24.15, for a total value of $2,399,254.20. Following the sale, the executive vice president owned 391,959 shares in the company, valued at $9,465,809.85. This represents a 20.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John Arthur Schweitzer sold 48,929 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $24.22, for a total value of $1,185,060.38. Following the transaction, the executive vice president owned 362,637 shares in the company, valued at approximately $8,783,068.14. This trade represents a 11.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 276,205 shares of company stock worth $6,600,164 in the last 90 days. Corporate insiders own 2.80% of the company's stock.

Hedge Funds Weigh In On Informatica

Hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC increased its holdings in Informatica by 23.5% during the 4th quarter. LPL Financial LLC now owns 107,444 shares of the technology company's stock worth $2,638,000 after purchasing an additional 20,410 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Informatica in the fourth quarter valued at about $2,696,000. Alliancebernstein L.P. grew its holdings in Informatica by 23.1% during the fourth quarter. Alliancebernstein L.P. now owns 41,575 shares of the technology company's stock valued at $1,078,000 after purchasing an additional 7,813 shares during the period. Geode Capital Management LLC grew its holdings 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 valued at $39,140,000 after purchasing an additional 295,801 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in 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 purchasing an additional 10,553 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.

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