Informatica’s (INFA) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Informatica (NYSE:INFA) in a report issued on Thursday, Benzinga reports. They currently have a $41.00 target price on the technology company’s stock.

INFA has been the topic of a number of other reports. Citigroup lifted their price target on Informatica from $28.00 to $33.00 and gave the company a neutral rating in a research note on Monday, February 12th. JPMorgan Chase & Co. upped their price objective on Informatica from $33.00 to $38.00 and gave the stock an overweight rating in a report on Thursday, February 15th. Wells Fargo & Company lowered their target price on Informatica from $45.00 to $40.00 and set an overweight rating on the stock in a report on Tuesday, April 23rd. Robert W. Baird assumed coverage on Informatica in a research report on Tuesday, April 2nd. They issued an outperform rating and a $43.00 price objective on the stock. Finally, UBS Group increased their target price on Informatica from $27.00 to $37.00 and gave the stock a neutral rating in a research report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $35.45.

Informatica Stock Down 2.3 %

Shares of INFA opened at $29.86 on Thursday. Informatica has a 1-year low of $16.42 and a 1-year high of $39.80. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a fifty day moving average price of $33.33 and a 200 day moving average price of $30.37.

Informatica (NYSE:INFA) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $388.61 million for the quarter, compared to analysts’ expectations of $384.97 million. Informatica had a return on equity of 5.31% and a net margin of 0.03%. Research analysts anticipate that Informatica will post 0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $35.51, for a total transaction of $356,023.26. Following the transaction, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at approximately $5,359,772.87. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP John Arthur Schweitzer sold 65,891 shares of Informatica stock in a transaction on Monday, April 15th. The stock was sold at an average price of $35.50, for a total transaction of $2,339,130.50. Following the transaction, the executive vice president now directly owns 481,011 shares in the company, valued at approximately $17,075,890.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Monday, April 15th. The shares were sold at an average price of $35.51, for a total value of $356,023.26. Following the transaction, the chief accounting officer now owns 150,937 shares in the company, valued at $5,359,772.87. The disclosure for this sale can be found here. Insiders have sold a total of 157,604 shares of company stock valued at $5,323,297 in the last quarter. Insiders own 48.10% of the company’s stock.

Hedge Funds Weigh In On Informatica

Hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Informatica by 37.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,470 shares of the technology company’s stock valued at $3,761,000 after buying an additional 35,788 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Informatica by 1.0% during the third quarter. Vanguard Group Inc. now owns 4,209,875 shares of the technology company’s stock valued at $88,702,000 after buying an additional 42,582 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Informatica by 73.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,075 shares of the technology company’s stock valued at $314,000 after buying an additional 4,685 shares in the last quarter. Tudor Investment Corp Et Al boosted its position in Informatica by 34.0% during the third quarter. Tudor Investment Corp Et Al now owns 183,227 shares of the technology company’s stock valued at $3,861,000 after purchasing an additional 46,520 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Informatica during the fourth quarter valued at $39,000. 98.45% of the stock is currently 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.