JPMorgan Chase & Co. Reaffirms "Neutral" Rating for Informatica (NYSE:INFA)

Informatica (NYSE:INFA - Get Free Report)'s stock had its "neutral" rating restated by investment analysts at JPMorgan Chase & Co. in a report issued on Wednesday,Benzinga reports. They presently have a $25.00 price objective on the technology company's stock, up from their prior price objective of $24.00. JPMorgan Chase & Co.'s target price indicates a potential upside of 3.58% from the company's previous close.

Other analysts have also recently issued research reports about the company. Wedbush cut Informatica to a "neutral" rating in a report on Friday, February 14th. Truist Financial reissued a "buy" rating and set a $24.00 price objective (down previously from $34.00) on shares of Informatica in a report on Friday, February 14th. Wolfe Research restated a "peer perform" rating on shares of Informatica in a research report on Wednesday. Bank of America downgraded shares of Informatica from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $19.00 price objective (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. Fifteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $23.69.

Informatica Price Performance

Shares of Informatica stock traded up $0.22 during mid-day trading on Wednesday, reaching $24.14. 3,475,308 shares of the stock were exchanged, compared to its average volume of 2,507,418. Informatica has a fifty-two week low of $15.65 and a fifty-two week high of $31.65. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 803.77, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The firm has a 50-day simple moving average of $18.51 and a 200 day simple moving average of $22.09. The company has a current ratio of 2.17, a quick 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 earnings per share 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%. The company's revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.22 earnings per share. On average, sell-side analysts predict that Informatica will post 0.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 11,729 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $19.36, for a total value of $227,073.44. Following the completion of the sale, the executive vice president now directly owns 404,681 shares in the company, valued at $7,834,624.16. This represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 34,735 shares of company stock worth $643,827. Company insiders own 48.10% of the company's stock.

Hedge Funds Weigh In On Informatica

Several institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its holdings in shares of Informatica by 13.8% in the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock valued at $341,111,000 after buying an additional 1,591,037 shares during the period. Vanguard Group Inc. boosted its stake in Informatica by 28.6% in the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock worth $281,199,000 after purchasing an additional 2,409,023 shares during the period. FIL Ltd increased its holdings in Informatica by 0.9% during the 4th quarter. FIL Ltd now owns 10,449,229 shares of the technology company's stock worth $270,949,000 after purchasing an additional 93,685 shares in the last quarter. FMR LLC increased its holdings in Informatica by 126,639.2% during the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock worth $268,889,000 after purchasing an additional 10,361,617 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Informatica by 16.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock worth $209,075,000 after buying an additional 1,168,158 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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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