Informatica (NYSE:INFA) Upgraded by Cantor Fitzgerald to Hold Rating

Informatica (NYSE:INFA) was upgraded by research analysts at Cantor Fitzgerald to a “hold” rating in a research report issued on Thursday, MarketBeat reports. The brokerage presently has a $29.00 target price on the technology company’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 18.83% from the stock’s previous close.

A number of other brokerages also recently issued reports on INFA. Guggenheim reissued a “buy” rating on shares of Informatica in a report on Friday, October 18th. UBS Group raised their target price on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target 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. Finally, Truist Financial began coverage on shares of Informatica in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Informatica currently has an average rating of “Moderate Buy” and an average target price of $32.92.

Informatica Trading Down 0.5 %

Shares of Informatica stock opened at $24.41 on Thursday. 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 firm has a market cap of $7.45 billion, a price-to-earnings ratio of 116.22, a price-to-earnings-growth ratio of 3.42 and a beta of 0.99. Informatica has a 52-week low of $22.08 and a 52-week high of $39.80. The company’s 50-day simple moving average is $26.03 and its 200-day simple moving average is $25.73.

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

Insider Buying and Selling

In related news, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.06, for a total transaction of $271,547.10. Following the completion of the sale, the chief accounting officer now owns 138,477 shares in the company, valued at approximately $3,747,187.62. This trade represents a 6.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Arthur Schweitzer sold 10,734 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 353,778 shares of the company’s stock, valued at $9,569,694.90. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

Institutional Trading of Informatica

A number of hedge funds have recently bought and sold shares of INFA. ORG Wealth Partners LLC purchased a new position in shares of Informatica during the 4th quarter worth $32,000. Quarry LP acquired a new position in shares of Informatica during the 3rd quarter valued at about $38,000. National Bank of Canada FI lifted its holdings 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 worth $43,000 after acquiring an additional 1,644 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Informatica in the fourth quarter worth approximately $54,000. Finally, Amalgamated Bank grew its holdings in 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 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.