Royal Bank of Canada Issues Pessimistic Forecast for Informatica (NYSE:INFA) Stock Price

Informatica (NYSE:INFA) had its target price decreased by analysts at Royal Bank of Canada from $20.00 to $19.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the technology company’s stock. Royal Bank of Canada’s price target indicates a potential upside of 0.11% from the company’s previous close.

INFA has been the subject of several other reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $19.00 target price (down from $35.00) on shares of Informatica in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft cut shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a research note on Friday, February 14th. The Goldman Sachs Group raised their price target on shares of Informatica from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday. DA Davidson lowered their price objective on Informatica from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Baird R W lowered Informatica from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th. Thirteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Informatica has a consensus rating of “Hold” and an average target price of $23.62.

Informatica Stock Down 0.8 %

INFA opened at $18.98 on Thursday. The business has a 50 day moving average of $18.02 and a 200-day moving average of $22.63. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 632.88, a P/E/G ratio of 4.44 and a beta of 1.04. 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 1-year low of $15.65 and a 1-year high of $31.65.

Informatica (NYSE:INFA) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company had revenue of $403.90 million for the quarter, compared to analyst estimates of $392.14 million. During the same period last year, the business posted $0.22 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Informatica will post 0.63 earnings per share for the current year.

Insider Buying and Selling at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total value of $207,629.15. Following the transaction, the executive vice president now directly owns 416,410 shares in the company, valued at $7,516,200.50. This represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 48.10% of the company’s stock.

Institutional Trading of Informatica

Institutional investors and hedge funds have recently made changes to their positions in the business. ORG Wealth Partners LLC acquired a new position in Informatica in the fourth quarter valued at about $32,000. Cooper Financial Group raised its holdings in Informatica by 6.6% during the 4th quarter. Cooper Financial Group now owns 24,236 shares of the technology company’s stock worth $628,000 after buying an additional 1,504 shares during the period. FNY Investment Advisers LLC bought a new stake in Informatica in the 4th quarter valued at $54,000. SG Americas Securities LLC bought a new stake in shares of Informatica in the fourth quarter valued at about $2,762,000. Finally, KBC Group NV boosted 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 worth $84,000 after buying an additional 1,325 shares during the period. Institutional investors own 98.45% of the company’s stock.

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.