Informatica (NYSE:INFA) Earns Sector Perform Rating from Royal Bank of Canada

Informatica (NYSE:INFA)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Royal Bank of Canada in a report issued on Tuesday, MarketBeat reports. They presently have a $22.00 price target on the technology company’s stock, up from their prior price target of $19.00. Royal Bank of Canada’s price objective suggests a potential downside of 8.94% from the company’s previous close.

INFA has been the topic of several other reports. Baird R W downgraded shares of Informatica from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th. Wedbush lowered Informatica to a “neutral” rating in a research note on Friday, February 14th. Bank of America lowered Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Wells Fargo & Company downgraded Informatica from a “buy” rating to an “equal weight” rating in a report on Friday, February 14th. Finally, Scotiabank raised their price target on Informatica from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Thursday, May 8th. Sixteen research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.46.

Informatica Trading Up 1.0%

Shares of INFA opened at $24.16 on Tuesday. The business’s 50-day moving average price is $18.63 and its 200-day moving average price is $22.11. Informatica has a twelve month low of $15.65 and a twelve month high of $31.65. The stock has a market cap of $7.31 billion, a PE ratio of 805.60, a P/E/G ratio of 4.44 and a beta of 1.04. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

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

Insiders Place Their Bets

In other news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $18.05, for a total transaction of $207,629.15. Following the transaction, the executive vice president now directly owns 416,410 shares of the company’s stock, valued at $7,516,200.50. The trade was a 2.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 150,934 shares of company stock valued at $3,432,603. Insiders own 48.10% of the company’s stock.

Institutional Investors Weigh In On Informatica

Hedge funds have recently made changes to their positions in the company. Amalgamated Bank increased its holdings in shares of Informatica by 16.9% in the first quarter. Amalgamated Bank now owns 4,089 shares of the technology company’s stock valued at $71,000 after purchasing an additional 591 shares during the period. PNC Financial Services Group Inc. boosted its position in Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock worth $66,000 after purchasing an additional 667 shares in the last quarter. Cooper Financial Group boosted its position in Informatica by 3.0% during the first quarter. Cooper Financial Group now owns 24,954 shares of the technology company’s stock worth $435,000 after purchasing an additional 718 shares in the last quarter. New Age Alpha Advisors LLC boosted its position in Informatica by 51.5% during the first quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company’s stock worth $44,000 after purchasing an additional 862 shares in the last quarter. Finally, L. Roy Papp & Associates LLP boosted its position in Informatica by 1.9% during the first quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company’s stock worth $889,000 after purchasing an additional 961 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other 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.