Informatica (NYSE:INFA) Receives "Neutral" Rating from JPMorgan Chase & Co.

Informatica (NYSE:INFA - Get Free Report)'s stock had its "neutral" rating reiterated by JPMorgan Chase & Co. in a research note issued on Wednesday,Benzinga reports. They currently 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 price target would indicate a potential upside of 3.95% from the stock's previous close.

Several other equities analysts have also commented on the stock. Truist Financial reaffirmed a "buy" rating and issued a $24.00 price objective (down from $34.00) on shares of Informatica in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft lowered shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 price target for the company. in a research report on Friday, February 14th. DA Davidson reduced 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. Bank of America lowered shares of Informatica from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Finally, UBS Group raised their price target on shares of Informatica from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Sixteen analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Informatica has a consensus rating of "Hold" and a consensus price target of $24.46.

Informatica Stock Performance

Shares of Informatica stock traded down $0.05 during midday trading on Wednesday, hitting $24.05. The company had a trading volume of 4,479,818 shares, compared to its average volume of 2,580,063. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 801.93, a PEG ratio of 4.44 and a beta of 1.04. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a fifty day simple moving average of $18.85 and a 200 day simple moving average of $22.08. Informatica has a 12-month low of $15.65 and a 12-month high of $31.65.

Informatica (NYSE:INFA - Get Free Report) last announced 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 firm 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 revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.22 EPS. As a group, analysts predict that Informatica will post 0.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 116,199 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $24.00, for a total value of $2,788,776.00. Following the completion of the sale, the executive vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders sold 150,934 shares of company stock valued at $3,432,603. 48.10% of the stock is owned by company insiders.

Institutional Trading of Informatica

Several institutional investors have recently modified their holdings of INFA. Wells Fargo & Company MN raised its position in shares of Informatica by 15.0% during the 4th quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company's stock worth $2,101,000 after purchasing an additional 10,553 shares during the last quarter. Victory Capital Management Inc. increased its stake in Informatica by 21.0% during the 4th quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company's stock worth $534,000 after buying an additional 3,575 shares in the last quarter. Norges Bank acquired a new position in shares of Informatica during the fourth quarter valued at approximately $25,265,000. D. E. Shaw & Co. Inc. acquired a new position in shares of Informatica during the fourth quarter valued at approximately $748,000. Finally, KBC Group NV lifted its position in shares of Informatica by 69.4% in the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after acquiring an additional 1,325 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

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.