Informatica (NYSE:INFA) Lowered to “Hold” Rating by Baird R W

Informatica (NYSE:INFA) was downgraded by Baird R W from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. UBS Group dropped their target price on Informatica from $30.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday. Cantor Fitzgerald assumed coverage on Informatica in a research report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price objective for the company. Royal Bank of Canada lowered Informatica from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $35.00 to $19.00 in a research report on Friday. The Goldman Sachs Group lowered shares of Informatica from a “buy” rating to a “neutral” rating in a report on Friday. Finally, Bank of America downgraded shares of Informatica from a “buy” rating to a “neutral” rating in a report on Friday. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.17.

Informatica Trading Down 22.2 %

Shares of NYSE:INFA opened at $19.59 on Friday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica has a 12-month low of $16.37 and a 12-month high of $39.80. The business has a 50 day moving average of $25.65 and a two-hundred day moving average of $25.47. The company has a market capitalization of $5.98 billion, a PE ratio of 93.27, a PEG 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 the consensus estimate of $0.38 by ($0.17). The firm had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. Informatica had a net margin of 3.89% and a return on equity of 5.29%. As a group, analysts forecast that Informatica will post 0.43 EPS for the current year.

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

Insider Buying and Selling

In related news, 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 value of $290,354.70. Following the sale, the executive vice president now directly owns 353,778 shares in the company, valued at approximately $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 accessible through this link. Also, CAO Mark Pellowski sold 10,035 shares of the 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 transaction, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. This trade represents a 6.76 % decrease in their position. 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 modified their holdings of the company. Vontobel Holding Ltd. boosted its holdings in Informatica by 18.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 45,606 shares of the technology company’s stock valued at $1,153,000 after acquiring an additional 7,000 shares during the period. Ellsworth Advisors LLC increased its stake in Informatica by 9.0% during the 3rd quarter. Ellsworth Advisors LLC now owns 20,008 shares of the technology company’s stock worth $506,000 after buying an additional 1,658 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings 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 buying an additional 810 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Informatica by 398.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock worth $178,046,000 after acquiring an additional 5,631,139 shares in the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Informatica during the third quarter worth $685,000. 98.45% of the stock is 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.