Informatica’s (INFA) Buy Rating Reaffirmed at Truist Financial

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

A number of other brokerages also recently weighed in on INFA. Royal Bank of Canada downgraded shares of Informatica from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $35.00 to $19.00 in a report on Friday. 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 report on Friday, October 25th. UBS Group raised their price target on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Guggenheim reiterated a “buy” rating and set a $37.00 target price on shares of Informatica in a research report on Friday, January 31st. Finally, Bank of America lowered shares of Informatica from a “buy” rating to a “neutral” rating in a report on Friday. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.08.

Informatica Stock Down 30.7 %

INFA traded down $7.72 during trading on Friday, reaching $17.45. The company had a trading volume of 12,945,568 shares, compared to its average volume of 1,632,990. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. Informatica has a 12 month low of $16.37 and a 12 month high of $39.80. The business’s fifty day moving average price is $25.84 and its 200 day moving average price is $25.50. The company has a market cap of $5.33 billion, a P/E ratio of 82.88, a PEG ratio of 3.65 and a beta of 0.99.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.29% and a net margin of 3.89%. Equities analysts anticipate that Informatica will post 0.43 EPS for the current year.

Informatica declared that its board has initiated a share buyback program on Wednesday, October 30th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 5.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, CAO Mark Pellowski sold 10,035 shares of the business’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 transaction, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. The trade was a 6.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock was 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 in the company, valued at $9,569,694.90. This trade represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in Informatica in the 4th quarter valued at about $32,000. Quarry LP bought a new position in shares of Informatica in the third quarter worth approximately $38,000. New Age Alpha Advisors LLC bought a new position in shares of Informatica in the fourth quarter worth approximately $43,000. National Bank of Canada FI increased its position 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 worth $43,000 after purchasing an additional 1,644 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Informatica in the fourth quarter worth approximately $54,000. 98.45% of the stock is currently owned by institutional investors.

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.