Robert W. Baird Issues Positive Forecast for Informatica (NYSE:INFA) Stock Price

Informatica (NYSE:INFA - Get Free Report) had its price objective lifted by Robert W. Baird from $19.00 to $25.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. Robert W. Baird's target price points to a potential upside of 3.95% from the company's previous close.

Other equities analysts have also issued research reports about the stock. Truist Financial lowered shares of Informatica from a "strong-buy" rating to a "hold" rating and increased their target price for the company from $24.00 to $25.00 in a report on Wednesday. Scotiabank raised their price target on shares of Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Royal Bank of Canada reissued a "sector perform" rating and issued a $22.00 price target (up previously from $19.00) on shares of Informatica in a report on Tuesday. Wolfe Research lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Finally, DA Davidson cut their price target on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Sixteen analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $24.46.

Informatica Price Performance

Shares of Informatica stock traded down $0.05 on Wednesday, hitting $24.05. 4,479,818 shares of the company traded hands, compared to its average volume of 2,576,770. 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 has a 12-month low of $15.65 and a 12-month high of $31.65. The firm's 50-day simple moving average is $18.85 and its 200 day simple moving average is $22.10. The company has a market cap of $7.28 billion, a P/E ratio of 801.93, a P/E/G ratio of 4.44 and a beta of 1.04.

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

Insider Activity at Informatica

In other Informatica 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 value of $209,124.54. Following the completion of the transaction, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 150,934 shares of company stock valued at $3,432,603 in the last three months. Company insiders own 48.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in Informatica by 540.4% in the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock worth $25,000 after buying an additional 1,216 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Informatica in the fourth quarter worth approximately $43,000. Versant Capital Management Inc grew its stake in shares of Informatica by 7,053.8% in the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock worth $32,000 after acquiring an additional 1,834 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Informatica by 35.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after acquiring an additional 667 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in Informatica by 1,545.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock valued at $49,000 after buying an additional 2,642 shares during the period. 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.