Analysts Set Informatica Inc. (NYSE:INFA) Price Target at $33.27

Informatica Inc. (NYSE:INFA) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $33.27.

Several research firms have recently weighed in on INFA. Truist Financial started coverage on Informatica in a report on Thursday, December 12th. They issued a “buy” rating and a $34.00 price objective for the company. Guggenheim reiterated a “buy” rating on shares of Informatica in a research note on Friday, October 18th. UBS Group lifted their price objective 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. Finally, JPMorgan Chase & Co. reduced their target price 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 Down 3.6 %

Informatica stock opened at $26.07 on Monday. The company has a market capitalization of $7.96 billion, a P/E ratio of 124.15, a PEG ratio of 5.68 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica has a fifty-two week low of $22.08 and a fifty-two week high of $39.80. The stock has a 50-day simple moving average of $26.34 and a 200-day simple moving average of $26.29.

Informatica announced that its board has approved a stock repurchase plan on Wednesday, October 30th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Informatica

In related news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76. Following the sale, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. The trade was a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John Arthur Schweitzer sold 10,734 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.05, for a total transaction of $290,354.70. Following the transaction, the executive vice president now owns 353,778 shares in the company, valued at $9,569,694.90. The trade was a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,296 shares of company stock worth $1,057,684 over the last three months. 48.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Informatica

Several hedge funds have recently bought and sold shares of INFA. First Horizon Advisors Inc. purchased a new position in shares of Informatica in the second quarter valued at $32,000. Quarry LP acquired a new stake in Informatica in the 3rd quarter valued at about $38,000. National Bank of Canada FI increased its holdings in Informatica by 3,288.0% during the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,644 shares in the last quarter. Summit Securities Group LLC acquired a new position in Informatica during the second quarter worth about $46,000. Finally, Amalgamated Bank lifted its holdings in shares of Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after purchasing an additional 1,037 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.