Robert W. Baird Reiterates “Neutral” Rating for Informatica (NYSE:INFA)

Robert W. Baird reiterated their neutral rating on shares of Informatica (NYSE:INFA) in a research report report published on Friday, Marketbeat.com reports. The firm currently has a $19.00 target price on the technology company’s stock, down from their previous target price of $35.00.

Several other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Wells Fargo & Company restated an “equal weight” rating and set a $19.00 price objective (down previously from $34.00) on shares of Informatica in a report on Friday. Cantor Fitzgerald initiated coverage on Informatica in a report on Friday, January 17th. They set a “neutral” rating and a $29.00 price objective on the stock. Truist Financial started coverage on Informatica in a report on Thursday, December 12th. They set a “buy” rating and a $34.00 price objective on the stock. Finally, UBS Group increased their target price on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Informatica currently has an average rating of “Hold” and an average target price of $26.17.

Informatica Price Performance

Shares of NYSE:INFA opened at $19.59 on Friday. The business’s fifty day moving average price is $25.65 and its two-hundred day moving average price is $25.48. The stock has a market cap of $5.98 billion, a PE ratio of 93.27, a price-to-earnings-growth ratio of 3.65 and a beta of 0.99. 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 has a one year low of $16.37 and a one year high of $39.80.

Informatica (NYSE:INFA) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a return on equity of 5.29% and a net margin of 3.89%. The business had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. On average, analysts forecast that Informatica will post 0.43 EPS for the current fiscal year.

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

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 10,734 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.05, for a total value of $290,354.70. Following the transaction, the executive vice president now directly owns 353,778 shares of the company’s stock, valued at $9,569,694.90. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mark Pellowski sold 10,035 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the completion of the transaction, the chief accounting officer now directly owns 138,477 shares in the company, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Informatica

Hedge funds and other institutional investors have recently modified their holdings of the business. ORG Wealth Partners LLC purchased a new stake in shares of Informatica during the fourth quarter worth about $32,000. Quarry LP purchased a new stake in shares of Informatica during the third quarter worth about $38,000. National Bank of Canada FI increased its position in shares of Informatica by 3,288.0% during the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after acquiring an additional 1,644 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Informatica during the fourth quarter worth about $43,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Informatica during the fourth quarter worth about $54,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

About Informatica

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.