Informatica (NYSE:INFA) Given New $25.00 Price Target at Wells Fargo & Company

Informatica (NYSE:INFA - Get Free Report) had its price target hoisted by Wells Fargo & Company from $19.00 to $25.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the technology company's stock. Wells Fargo & Company's price target would suggest a potential upside of 3.95% from the stock's current price.

Several other equities research analysts have also recently issued reports on the stock. DA Davidson decreased their target price on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Bank of America downgraded shares of Informatica from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Wolfe Research cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Scotiabank increased their target price on Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $19.00 target price (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. Sixteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Informatica has a consensus rating of "Hold" and an average price target of $24.46.

Informatica Trading Down 0.2%

INFA stock traded down $0.05 during midday trading on Wednesday, hitting $24.05. The stock had a trading volume of 4,479,818 shares, compared to its average volume of 2,580,063. The company's 50-day moving average price is $18.85 and its 200 day moving average price is $22.08. 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 firm has a market cap of $7.28 billion, a PE ratio of 801.93, 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 announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, meeting analysts' consensus estimates of $0.22. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business had revenue of $403.90 million during the quarter, compared to the consensus estimate of $392.14 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The business's revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts predict that Informatica will post 0.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the transaction, the executive vice president now owns 328,799 shares of the company's stock, valued at $5,977,565.82. The trade was a 3.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 150,934 shares of company stock valued at $3,432,603 in the last quarter. Corporate insiders own 48.10% of the company's stock.

Hedge Funds Weigh In On Informatica

Several institutional investors and hedge funds have recently added to or reduced their stakes in INFA. KBC Group NV grew its holdings in shares of Informatica by 69.4% during the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after buying an additional 1,325 shares in the last quarter. Pacer Advisors Inc. grew its stake in Informatica by 30.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company's stock valued at $159,000 after acquiring an additional 1,437 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Informatica by 50.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,929 shares of the technology company's stock valued at $309,000 after purchasing an additional 3,994 shares during the period. FSR Wealth Management Ltd. purchased a new stake in shares of Informatica in the fourth quarter worth approximately $205,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Informatica by 16.6% in 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 purchasing an additional 1,168,158 shares in the last quarter. 98.45% of the stock is currently 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.