Informatica’s (INFA) “Neutral” Rating Reaffirmed at Robert W. Baird

Robert W. Baird restated their neutral rating on shares of Informatica (NYSE:INFA) in a report issued on Friday, MarketBeat reports. The brokerage currently has a $19.00 target price on the technology company’s stock, down from their prior target price of $35.00.

Several other research firms also recently issued reports on INFA. UBS Group increased their price objective on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $19.00 price objective (down from $34.00) on shares of Informatica in a report on Friday. JPMorgan Chase & Co. reduced their target price on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Cantor Fitzgerald began coverage on shares of Informatica in a research report on Friday, January 17th. They issued a “neutral” rating and a $29.00 target price for the company. Finally, Truist Financial began coverage on shares of Informatica in a research report on Thursday, December 12th. They issued a “buy” rating and a $34.00 target price for the company. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.17.

Informatica Stock Performance

INFA opened at $19.59 on Friday. 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 cap of $5.98 billion, a price-to-earnings ratio of 93.27, a PEG ratio of 3.65 and a beta of 0.99. Informatica has a 52-week low of $16.37 and a 52-week high of $39.80. The firm’s fifty day simple moving average is $25.65 and its two-hundred day simple moving average is $25.46.

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

Informatica announced that its board has initiated a stock buyback program 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 stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, 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 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. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction dated Monday, December 16th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Informatica

A number of institutional investors have recently made changes to their positions in the stock. ORG Wealth Partners LLC purchased a new position in shares of Informatica in the fourth quarter valued at approximately $32,000. Quarry LP purchased a new position in shares of Informatica in the third quarter valued at approximately $38,000. New Age Alpha Advisors LLC purchased a new position in shares of Informatica in the fourth quarter valued at approximately $43,000. National Bank of Canada FI boosted its stake in shares of Informatica by 3,288.0% in the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,644 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of Informatica in the fourth quarter valued at approximately $54,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.