Informatica (NYSE:INFA) Earns “Buy” Rating from Truist Financial

Informatica (NYSE:INFA)‘s stock had its “buy” rating restated by research analysts at Truist Financial in a note issued to investors on Friday,Benzinga reports. They currently have a $24.00 target price on the technology company’s stock, down from their prior target price of $34.00. Truist Financial’s price objective would indicate a potential upside of 37.56% from the company’s previous close.

A number of other research firms have also issued reports on INFA. JPMorgan Chase & Co. lowered their target price on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Robert W. Baird reissued a “neutral” rating and issued a $19.00 price target (down from $35.00) on shares of Informatica in a report on Friday. Royal Bank of Canada downgraded shares of Informatica from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $35.00 to $19.00 in a report on Friday. The Goldman Sachs Group downgraded shares of Informatica from a “buy” rating to a “neutral” rating in a report on Friday. Finally, Guggenheim reissued a “buy” rating and issued a $37.00 price target on shares of Informatica in a report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $27.08.

Informatica Stock Down 30.7 %

Shares of INFA traded down $7.72 during mid-day trading on Friday, hitting $17.45. 12,945,568 shares of the company’s stock were exchanged, compared to its average volume of 1,632,990. Informatica has a twelve month low of $16.37 and a twelve month high of $39.80. The firm has a fifty day moving average of $25.84 and a two-hundred day moving average of $25.50. 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 stock has a market cap of $5.33 billion, a price-to-earnings ratio of 82.88, a P/E/G ratio of 3.65 and a beta of 0.99.

Informatica (NYSE:INFA) last posted its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) 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%. On average, sell-side 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 repurchase plan on Wednesday, October 30th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the technology company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Informatica

In other news, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction that occurred 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 owns 353,778 shares in the company, valued at $9,569,694.90. The trade was a 2.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.06, for a total transaction of $271,547.10. Following the sale, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. This represents a 6.76 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Informatica

Several institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock worth $66,000 after acquiring an additional 667 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Informatica by 11.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock worth $201,000 after acquiring an additional 810 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in Informatica by 10.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 10,387 shares of the technology company’s stock worth $263,000 after acquiring an additional 993 shares during the last quarter. ORG Wealth Partners LLC bought a new position in Informatica during the 4th quarter worth approximately $32,000. Finally, KBC Group NV boosted its stake in Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock worth $84,000 after acquiring an additional 1,325 shares during the last quarter. 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.