Analysts Set Informatica Inc. (NYSE:INFA) PT at $33.27

Informatica Inc. (NYSE:INFA) has received a consensus rating of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $33.27.

Several analysts have weighed in on the stock. Guggenheim reiterated a “buy” rating on shares of Informatica in a research note on Friday, October 18th. Truist Financial began coverage on shares of Informatica in a report on Thursday, December 12th. They set a “buy” rating and a $34.00 target price on the stock. UBS Group boosted their price target on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their price objective on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th.

Insider Activity

In other news, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction on Monday, December 16th. The shares were 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 in the company, valued at approximately $9,569,694.90. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the completion of the sale, the chief accounting officer now directly owns 142,671 shares in the company, valued at approximately $3,817,875.96. This represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,296 shares of company stock worth $1,057,684. Corporate insiders own 48.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in shares of Informatica by 398.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock worth $178,046,000 after acquiring an additional 5,631,139 shares during the last quarter. Wellington Management Group LLP increased its position in Informatica by 29.9% during the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock valued at $292,339,000 after purchasing an additional 2,662,379 shares during the period. Fiera Capital Corp raised its holdings in Informatica by 439.2% during the 2nd quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock worth $48,006,000 after purchasing an additional 1,266,265 shares during the last quarter. Nippon Life Global Investors Americas Inc. acquired a new position in shares of Informatica in the 2nd quarter worth approximately $10,806,000. Finally, Geode Capital Management LLC boosted its stake in shares of Informatica by 34.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock valued at $30,677,000 after purchasing an additional 311,003 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Informatica Stock Up 2.8 %

INFA opened at $26.86 on Monday. The stock has a fifty day moving average of $26.36 and a 200-day moving average of $26.25. The company has a market capitalization of $8.20 billion, a P/E ratio of 127.91, a P/E/G ratio of 5.68 and a beta of 1.00. Informatica has a fifty-two week low of $22.08 and a fifty-two week high of $39.80. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

Informatica declared that its board has approved a share repurchase program on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 5.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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.