Informatica (NYSE:INFA) Price Target Cut to $34.00 by Analysts at JPMorgan Chase & Co.

Informatica (NYSE:INFA) had its target price decreased by JPMorgan Chase & Co. from $38.00 to $34.00 in a report published on Friday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the technology company’s stock.

A number of other equities analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. The Goldman Sachs Group reduced their price target on shares of Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Citigroup dropped their price objective on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. UBS Group reduced their target price on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, Wells Fargo & Company lowered their price target on Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Informatica currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.18.

Informatica Trading Up 0.3 %

Shares of INFA stock traded up $0.07 during trading hours on Friday, hitting $26.72. 1,164,015 shares of the company were exchanged, compared to its average volume of 1,252,874. The firm has a fifty day moving average of $25.35 and a 200 day moving average of $27.77. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.77. Informatica has a 1 year low of $18.71 and a 1 year high of $39.80. The firm has a market cap of $8.09 billion, a PE ratio of 50.42, a PEG ratio of 5.41 and a beta of 1.06.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $400.63 million for the quarter, compared to analyst estimates of $402.97 million. Informatica had a net margin of 9.60% and a return on equity of 6.16%. Informatica’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $0.02 EPS. Analysts expect that Informatica will post 0.5 earnings per share for the current year.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the transaction, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at $10,535,037.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the completion of the sale, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at $3,817,875.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the transaction, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Informatica

Several institutional investors and hedge funds have recently made changes to their positions in INFA. Allspring Global Investments Holdings LLC raised its holdings in shares of Informatica by 398.9% during 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 purchasing an additional 5,631,139 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in Informatica during the first quarter worth about $52,045,000. Fiera Capital Corp lifted its holdings in Informatica by 439.2% in the second quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock worth $48,006,000 after acquiring an additional 1,266,265 shares during the last quarter. Vanguard Group Inc. boosted its stake in Informatica by 26.1% in the fourth quarter. Vanguard Group Inc. now owns 5,308,121 shares of the technology company’s stock valued at $150,698,000 after acquiring an additional 1,098,246 shares during the period. Finally, Nippon Life Global Investors Americas Inc. bought a new position in shares of Informatica during the second quarter valued at approximately $10,806,000. 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.