Informatica (NYSE:INFA) Price Target Raised to $30.00

Informatica (NYSE:INFA) had its target price boosted by UBS Group from $27.00 to $30.00 in a research report report published on Thursday morning, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Several other research analysts also recently commented on INFA. Robert W. Baird reduced their price target on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Guggenheim reiterated a “buy” rating on shares of Informatica in a research note on Friday, October 18th. Royal Bank of Canada restated an “outperform” rating and issued a $35.00 target price on shares of Informatica in a research note on Wednesday, July 31st. Citigroup lowered their price target on Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.45.

Informatica Trading Down 4.0 %

INFA stock opened at $26.21 on Thursday. Informatica has a twelve month low of $21.49 and a twelve month high of $39.80. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 124.82, a price-to-earnings-growth ratio of 5.81 and a beta of 1.04. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.77. The firm’s fifty day simple moving average is $25.58 and its two-hundred day simple moving average is $27.33.

Informatica announced that its Board of Directors has approved a share repurchase program on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 5.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

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

Hedge Funds Weigh In On Informatica

A number of hedge funds have recently bought and sold shares of the business. First Horizon Advisors Inc. purchased a new stake in shares of Informatica in the second quarter valued at approximately $32,000. ORG Partners LLC acquired a new stake in Informatica in the 1st quarter valued at $43,000. Summit Securities Group LLC purchased a new stake in Informatica in the 2nd quarter worth $46,000. Amalgamated Bank increased its holdings in Informatica by 42.1% in the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock worth $108,000 after acquiring an additional 1,037 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new position in Informatica during the third quarter worth $149,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.