Informatica (NYSE:INFA) Given New $19.00 Price Target at UBS Group

Informatica (NYSE:INFA) had its target price reduced by UBS Group from $30.00 to $19.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. UBS Group’s target price points to a potential downside of 2.99% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Guggenheim reaffirmed a “buy” rating and set a $37.00 price objective on shares of Informatica in a research report on Friday, January 31st. Bank of America lowered shares of Informatica from a “buy” rating to a “neutral” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft downgraded shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a research report on Friday. Truist Financial reaffirmed a “buy” rating and issued a $24.00 target price (down previously from $34.00) on shares of Informatica in a report on Friday. Finally, Cantor Fitzgerald started coverage on Informatica in a report on Friday, January 17th. They set a “neutral” rating and a $29.00 price target for the company. 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.17.

Informatica Stock Down 22.2 %

Shares of 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 firm’s 50 day moving average is $25.65 and its 200-day moving average is $25.47. The stock has a market capitalization of $5.98 billion, a PE ratio of 93.27, a P/E/G ratio of 3.65 and a beta of 0.99.

Informatica (NYSE:INFA) last posted 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). The company had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. Informatica had a return on equity of 5.29% and a net margin of 3.89%. Equities research analysts forecast that Informatica will post 0.43 EPS for the current year.

Informatica declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 30th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the technology company to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are generally an indication 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 company’s stock in a transaction that occurred 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 directly owns 138,477 shares in the company, valued at $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 10,734 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.05, for a total transaction 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. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

Several large investors have recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in Informatica in the fourth quarter valued at $32,000. Quarry LP acquired a new position in shares of Informatica in the 3rd quarter valued at about $38,000. National Bank of Canada FI boosted its position in shares of Informatica by 3,288.0% during the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,644 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Informatica during the fourth quarter worth approximately $43,000. Finally, FNY Investment Advisers LLC acquired a new stake in Informatica during the fourth quarter worth approximately $54,000. 98.45% of the stock is currently 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.