Informatica (NYSE:INFA) Stock Rating Lowered by Bank of America

Informatica (NYSE:INFA) was downgraded by research analysts at Bank of America from a “buy” rating to a “neutral” rating in a note issued to investors on Friday,Briefing.com Automated Import reports.

A number of other equities analysts also recently issued reports on the company. Cantor Fitzgerald started coverage on Informatica in a research note on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target on the stock. Wells Fargo & Company reissued an “equal weight” rating and set a $19.00 price target (down from $34.00) on shares of Informatica in a report on Friday. Robert W. Baird reissued a “neutral” rating and set a $19.00 price target (down from $35.00) on shares of Informatica in a report on Friday. Truist Financial started coverage on Informatica in a report on Thursday, December 12th. They set a “buy” rating and a $34.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft cut Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a report on Friday. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Informatica currently has an average rating of “Hold” and an average price target of $27.92.

Informatica Stock Down 30.0 %

Shares of NYSE:INFA traded down $7.55 during trading on Friday, hitting $17.62. The stock had a trading volume of 7,073,128 shares, compared to its average volume of 1,422,675. Informatica has a 12 month low of $16.37 and a 12 month high of $39.80. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $5.38 billion, a PE ratio of 83.27, a PEG ratio of 3.65 and a beta of 0.99. The firm’s fifty day moving average is $25.84 and its 200 day moving average is $25.50.

Informatica (NYSE:INFA) last posted its quarterly earnings data 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 net margin of 3.89% and a return on equity of 5.29%. Analysts anticipate that Informatica will post 0.43 EPS for the current fiscal year.

Informatica declared that its Board of Directors has initiated a share 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 repurchase up to 5.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Informatica

In other Informatica news, CAO Mark Pellowski sold 10,035 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the sale, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Arthur Schweitzer sold 10,734 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.05, for a total transaction of $290,354.70. Following the completion of the sale, the executive vice president now directly owns 353,778 shares in the company, valued at approximately $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 own 48.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of INFA. ORG Wealth Partners LLC purchased a new position in Informatica in the 4th quarter valued at about $32,000. Quarry LP purchased a new stake in shares of Informatica during the 3rd quarter valued at approximately $38,000. National Bank of Canada FI raised its position in shares of 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 buying an additional 1,644 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Informatica during the 4th quarter valued at approximately $43,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Informatica during the 4th quarter valued at approximately $54,000. 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.