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

Shares of Informatica Inc. (NYSE:INFA) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $33.27.

INFA has been the topic of several research analyst reports. Truist Financial started coverage on shares of Informatica in a research note on Thursday, December 12th. They set a “buy” rating and a $34.00 price objective on the stock. Guggenheim reaffirmed a “buy” rating on shares of Informatica in a report on Friday, October 18th. UBS Group boosted their price objective on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their target price on Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, October 25th.

Informatica Trading Up 2.8 %

INFA stock opened at $26.86 on Monday. Informatica has a 1-year low of $22.08 and a 1-year high of $39.80. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $26.36 and its 200-day moving average is $26.25. The firm has a market cap of $8.20 billion, a P/E ratio of 127.91, a P/E/G ratio of 5.68 and a beta of 1.00.

Informatica declared that its Board of Directors has authorized a share buyback plan on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 5.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Informatica

In other news, CAO Mark Pellowski sold 10,035 shares of the company’s stock in a transaction dated 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Arthur Schweitzer sold 8,501 shares of the firm’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 $227,486.76. Following the completion of the sale, the executive vice president now owns 393,686 shares of the company’s stock, valued at $10,535,037.36. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,296 shares of company stock valued at $1,057,684 over the last quarter. Corporate insiders own 48.10% of the company’s stock.

Institutional Trading of Informatica

A number of hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Informatica by 11.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock valued at $201,000 after acquiring an additional 810 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Informatica by 4.3% in the second quarter. The Manufacturers Life Insurance Company now owns 21,824 shares of the technology company’s stock valued at $674,000 after purchasing an additional 902 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of 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 buying an additional 993 shares during the last quarter. First Horizon Advisors Inc. bought a new stake in shares of Informatica during the 2nd quarter worth about $32,000. Finally, Amalgamated Bank grew its stake in Informatica by 42.1% in 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 during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

About Informatica

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.