Informatica Inc. (NYSE:INFA) Receives $24.15 Average PT from Brokerages

Shares of Informatica Inc. (NYSE:INFA) have earned an average rating of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat reports. Thirteen equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $24.15.

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Informatica in a report on Friday, January 17th. They set a “neutral” rating and a $29.00 price objective on the stock. Wedbush lowered Informatica to a “neutral” rating in a report on Friday, February 14th. Bank of America cut Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. 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. Finally, Baird R W lowered shares of Informatica from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 14th.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 48.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Informatica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in shares of 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 during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Informatica by 52.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company’s stock valued at $184,804,000 after acquiring an additional 2,459,197 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Informatica by 28.6% in the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock valued at $281,199,000 after acquiring an additional 2,409,023 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 worth $341,111,000 after acquiring an additional 1,591,037 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Informatica during the fourth quarter worth approximately $36,236,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Stock Up 4.5 %

Informatica stock opened at $18.45 on Friday. Informatica has a 1-year low of $15.65 and a 1-year high of $32.54. The business has a fifty day moving average price of $18.12 and a 200-day moving average price of $23.20. 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 stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 615.21, a PEG ratio of 4.44 and a beta of 1.06.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business had revenue of $428.31 million for the quarter, compared to analysts’ expectations of $457.55 million. Equities research analysts forecast that Informatica will post 0.63 EPS for the current fiscal year.

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.