Informatica (NYSE:INFA) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Informatica (NYSE:INFA - Get Free Report) had its price target raised by stock analysts at Wells Fargo & Company from $19.00 to $25.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the technology company's stock. Wells Fargo & Company's price objective would indicate a potential upside of 3.83% from the stock's previous close.

A number of other analysts have also commented on INFA. UBS Group increased their price objective on Informatica from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Guggenheim reiterated a "buy" rating and issued a $37.00 target price on shares of Informatica in a research note on Friday, January 31st. DA Davidson decreased their price target on Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group upped their price objective on shares of Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Baird R W lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Friday, February 14th. Sixteen 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 currently has a consensus rating of "Hold" and a consensus price target of $24.46.

Informatica Price Performance

Shares of NYSE INFA traded down $0.21 during trading on Wednesday, hitting $24.08. 5,107,816 shares of the company were exchanged, compared to its average volume of 2,564,085. The firm's fifty day moving average price is $18.74 and its 200 day moving average price is $22.10. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 802.87, a PEG ratio of 4.44 and a beta of 1.04. Informatica has a 1 year low of $15.65 and a 1 year high of $31.65.

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

Insider Buying and Selling

In other news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the sale, the executive vice president now owns 416,410 shares in the company, valued at $7,516,200.50. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 150,934 shares of company stock valued at $3,432,603. Company insiders own 48.10% of the company's stock.

Institutional Trading of Informatica

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank grew its stake in Informatica by 16.9% during the 1st quarter. Amalgamated Bank now owns 4,089 shares of the technology company's stock valued at $71,000 after purchasing an additional 591 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after buying an additional 667 shares during the last quarter. Cooper Financial Group grew its position in shares of Informatica by 3.0% during the first quarter. Cooper Financial Group now owns 24,954 shares of the technology company's stock worth $435,000 after buying an additional 718 shares in the last quarter. New Age Alpha Advisors LLC increased its stake in shares of Informatica by 51.5% in the first quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock worth $44,000 after buying an additional 862 shares during the last quarter. Finally, L. Roy Papp & Associates LLP raised its holdings in Informatica by 1.9% in the first quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company's stock valued at $889,000 after acquiring an additional 961 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

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.