Informatica (NYSE:INFA) Rating Lowered to “Neutral” at The Goldman Sachs Group

Informatica (NYSE:INFA) was downgraded by The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports.

A number of other equities analysts have also weighed in on the company. UBS Group increased their target price on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Truist Financial initiated coverage on Informatica in a research report on Thursday, December 12th. They set a “buy” rating and a $34.00 price target on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $19.00 target price (down previously from $34.00) on shares of Informatica in a report on Friday. Robert W. Baird reaffirmed a “neutral” rating and issued a $19.00 target price (down previously from $35.00) on shares of Informatica in a report on Friday. Finally, JPMorgan Chase & Co. cut their price objective on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Informatica currently has an average rating of “Hold” and a consensus target price of $27.92.

Informatica Price Performance

Shares of Informatica stock traded down $7.80 during midday trading on Friday, hitting $17.38. 11,193,810 shares of the company were exchanged, compared to its average volume of 1,546,679. The firm has a 50 day simple moving average of $25.84 and a 200-day simple moving average of $25.50. Informatica has a 52 week low of $16.37 and a 52 week high of $39.80. The firm has a market cap of $5.31 billion, a P/E ratio of 82.90, a PEG ratio of 3.65 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica (NYSE:INFA) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a return on equity of 5.29% and a net margin of 3.89%. Research analysts forecast that Informatica will post 0.43 earnings per share for the current year.

Informatica declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 30th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 5.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Informatica

In other news, CAO Mark Pellowski sold 10,035 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the completion of the sale, the chief accounting officer now directly owns 138,477 shares in the company, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John Arthur Schweitzer sold 10,734 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.05, for a total value of $290,354.70. Following the completion of the sale, the executive vice president now owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. This represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 48.10% of the company’s stock.

Hedge Funds Weigh In On Informatica

A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in Informatica by 13.8% during the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock valued at $341,111,000 after purchasing an additional 1,591,037 shares during the last quarter. Vanguard Group Inc. raised its holdings in Informatica by 28.6% during the 4th 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 during the period. FIL Ltd raised its holdings in Informatica by 0.9% during the 4th quarter. FIL Ltd now owns 10,449,229 shares of the technology company’s stock valued at $270,949,000 after acquiring an additional 93,685 shares during the period. FMR LLC increased its holdings in shares of Informatica by 126,639.2% in the fourth 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 period. Finally, Allspring Global Investments Holdings LLC increased its holdings 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 during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

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.