Informatica (NYSE:INFA) Earns “Neutral” Rating from Robert W. Baird

Informatica (NYSE:INFA)‘s stock had its “neutral” rating reiterated by research analysts at Robert W. Baird in a report released on Friday, MarketBeat Ratings reports. They presently have a $19.00 price objective on the technology company’s stock, down from their prior price objective of $35.00. Robert W. Baird’s price target suggests a potential downside of 24.47% from the company’s current price.

INFA has been the subject of several other reports. Wells Fargo & Company restated an “equal weight” rating and issued a $19.00 target price (down from $34.00) on shares of Informatica in a research report on Friday. Guggenheim reaffirmed a “buy” rating and issued a $37.00 target price on shares of Informatica in a report on Friday, January 31st. UBS Group raised their price objective on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Cantor Fitzgerald started coverage on shares of Informatica in a research report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target for the company. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.17.

Informatica Price Performance

NYSE:INFA opened at $25.16 on Friday. Informatica has a 52 week low of $22.08 and a 52 week high of $39.80. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The firm’s 50-day simple moving average is $25.84 and its 200 day simple moving average is $25.50. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 119.79, a P/E/G ratio of 3.65 and a beta of 0.99.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (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%. As a group, sell-side analysts predict that Informatica will post 0.43 earnings per share for the current year.

Informatica announced that its board has authorized a stock repurchase plan on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity

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 value of $290,354.70. Following the transaction, the executive vice president now owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark Pellowski sold 10,035 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the sale, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.

Hedge Funds Weigh In On Informatica

Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its holdings in shares of Informatica by 35.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock valued at $66,000 after purchasing an additional 667 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of 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. Verdence Capital Advisors LLC boosted its stake in shares of Informatica by 10.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 10,387 shares of the technology company’s stock worth $263,000 after buying an additional 993 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Informatica in the fourth quarter valued at approximately $32,000. Finally, KBC Group NV increased its position in shares of Informatica by 69.4% during the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after acquiring an additional 1,325 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

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.