Informatica (NYSE:INFA) Price Target Cut to $19.00 by Analysts at UBS Group

Informatica (NYSE:INFA) had its price objective lowered by UBS Group from $30.00 to $19.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their price objective on Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft downgraded Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a research report on Friday. Robert W. Baird restated a “neutral” rating and set a $19.00 target price (down previously from $35.00) on shares of Informatica in a research report on Friday. Royal Bank of Canada downgraded Informatica from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $35.00 to $19.00 in a research report on Friday. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $19.00 target price (down previously from $34.00) on shares of Informatica in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.17.

Informatica Price Performance

Shares of NYSE INFA opened at $19.59 on Friday. The stock has a fifty day simple moving average of $25.65 and a two-hundred day simple moving average of $25.46. Informatica has a 1-year low of $16.37 and a 1-year high of $39.80. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 93.27, a price-to-earnings-growth ratio of 3.65 and a beta of 0.99. 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 (NYSE:INFA) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a net margin of 3.89% and a return on equity of 5.29%. Analysts anticipate that Informatica will post 0.43 earnings per share for the current year.

Informatica announced that its board has authorized a share buyback plan on Wednesday, October 30th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 10,734 shares of the firm’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 sale, the executive vice president now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mark Pellowski sold 10,035 shares of the firm’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 sale, the chief accounting officer now owns 138,477 shares in the company, valued at $3,747,187.62. The trade was 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.

Institutional Inflows and Outflows

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