Informatica’s (INFA) “Hold” Rating Reiterated at Truist Financial

Informatica (NYSE:INFA)‘s stock had its “hold” rating reissued by equities research analysts at Truist Financial in a research report issued on Wednesday,Benzinga reports. They presently have a $25.00 target price on the technology company’s stock, up from their prior target price of $24.00. Truist Financial’s price objective suggests a potential upside of 3.76% from the company’s previous close.

INFA has been the topic of several other reports. DA Davidson lowered their price target on Informatica from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft downgraded Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a research report on Friday, February 14th. The Goldman Sachs Group raised their price target on Informatica from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Royal Bank of Canada raised their price target on Informatica from $19.00 to $22.00 and gave the company a “sector perform” rating in a research report on Tuesday. Finally, Bank of America downgraded Informatica from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Sixteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Informatica currently has a consensus rating of “Hold” and an average target price of $23.77.

Informatica Stock Up 0.7%

Informatica stock traded up $0.18 during mid-day trading on Wednesday, hitting $24.10. 5,057,462 shares of the company’s stock were exchanged, compared to its average volume of 2,514,192. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock has a market cap of $7.29 billion, a P/E ratio of 803.43, a P/E/G ratio of 4.44 and a beta of 1.04. Informatica has a 1-year low of $15.65 and a 1-year high of $31.65. The stock has a 50 day moving average of $18.51 and a two-hundred day moving average of $22.09.

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

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,729 shares of Informatica stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $19.36, for a total transaction of $227,073.44. Following the sale, the executive vice president now directly owns 404,681 shares of the company’s stock, valued at approximately $7,834,624.16. The trade was a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 34,735 shares of company stock worth $643,827. Company insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

A number of institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in Informatica by 13.8% during the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock valued at $341,111,000 after purchasing an additional 1,591,037 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock valued at $281,199,000 after purchasing an additional 2,409,023 shares in the last quarter. FIL Ltd boosted its holdings in Informatica by 0.9% during the fourth quarter. FIL Ltd now owns 10,449,229 shares of the technology company’s stock valued at $270,949,000 after purchasing an additional 93,685 shares in the last quarter. FMR LLC boosted its holdings in Informatica by 126,639.2% during the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock valued at $268,889,000 after purchasing an additional 10,361,617 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Informatica by 16.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock valued at $209,075,000 after purchasing an additional 1,168,158 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

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.