Informatica Inc. (NYSE:INFA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Informatica Inc. (NYSE:INFA) has been given an average rating of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $33.20.

INFA has been the subject of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $35.00 price objective on shares of Informatica in a report on Wednesday, July 31st. UBS Group upped their price target on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut their price target on Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Citigroup dropped their price objective on Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, October 25th.

Informatica Stock Performance

Shares of NYSE:INFA opened at $26.36 on Thursday. The company’s 50-day moving average price is $25.81 and its two-hundred day moving average price is $26.65. Informatica has a one year low of $22.08 and a one year high of $39.80. 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 $8.05 billion, a PE ratio of 126.10, a price-to-earnings-growth ratio of 5.61 and a beta of 1.04.

Informatica announced that its board has approved a stock repurchase program on Wednesday, October 30th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 5.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Informatica

In other news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76. Following the completion of the sale, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at $3,817,875.96. This trade represents a 6.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Arthur Schweitzer sold 8,501 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the transaction, the executive vice president now owns 393,686 shares in the company, valued at $10,535,037.36. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Informatica by 11.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock valued at $201,000 after buying an additional 810 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Informatica by 4.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,824 shares of the technology company’s stock worth $674,000 after purchasing an additional 902 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Informatica by 10.6% in the third quarter. Verdence Capital Advisors LLC now owns 10,387 shares of the technology company’s stock valued at $263,000 after buying an additional 993 shares during the period. First Horizon Advisors Inc. bought a new stake in Informatica in the 2nd quarter valued at about $32,000. Finally, Amalgamated Bank lifted its stake in shares of Informatica by 42.1% during the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after buying an additional 1,037 shares in the last quarter. 98.45% of the stock is owned by 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.