Informatica (NYSE:INFA) Downgraded to "Hold" Rating by Truist Financial

Informatica (NYSE:INFA - Get Free Report) was downgraded by investment analysts at Truist Financial from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They presently have a $25.00 price objective on the technology company's stock, up from their previous price objective of $24.00. Truist Financial's price objective points to a potential upside of 3.48% from the stock's current price.

Several other brokerages also recently weighed in on INFA. Wolfe Research restated a "peer perform" rating on shares of Informatica in a report on Wednesday. UBS Group lifted their price target on shares of Informatica from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Robert W. Baird reiterated a "neutral" rating and issued a $19.00 price target (down from $35.00) on shares of Informatica in a research note on Friday, February 14th. Bank of America downgraded shares of Informatica from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada lifted their target price on shares of Informatica from $19.00 to $22.00 and gave the stock a "sector perform" rating in a research report on Tuesday. Sixteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Informatica presently has a consensus rating of "Hold" and an average price target of $24.23.

Informatica Price Performance

INFA opened at $24.16 on Wednesday. The stock has a fifty day simple moving average of $18.63 and a two-hundred day simple moving average of $22.11. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 805.60, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. Informatica has a 12-month low of $15.65 and a 12-month high of $31.65.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $403.90 million during the quarter, compared to analyst estimates of $392.14 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. Informatica's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.22 EPS. Research analysts predict that Informatica will post 0.63 earnings per share for the current fiscal year.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 116,199 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $24.00, for a total value of $2,788,776.00. Following the transaction, the executive vice president now directly owns 382,005 shares of the company's stock, valued at approximately $9,168,120. The trade was a 23.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 150,934 shares of company stock worth $3,432,603. 48.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Informatica by 45.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 221,687 shares of the technology company's stock worth $3,868,000 after buying an additional 69,150 shares in the last quarter. Woodline Partners LP purchased a new stake in Informatica in the 1st quarter worth $341,000. Clearline Capital LP lifted its stake in Informatica by 529.7% in the 1st quarter. Clearline Capital LP now owns 184,944 shares of the technology company's stock worth $3,227,000 after purchasing an additional 155,572 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Informatica by 37.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 398,724 shares of the technology company's stock worth $6,961,000 after purchasing an additional 108,045 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Informatica in the 1st quarter worth $2,141,000. 98.45% of the stock is 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.