Informatica (NYSE:INFA) Price Target Raised to $30.00 at UBS Group

Informatica (NYSE:INFA) had its price target increased by analysts at UBS Group from $27.00 to $30.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. UBS Group’s price target indicates a potential upside of 8.42% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Guggenheim reissued a “buy” rating on shares of Informatica in a report on Friday, October 18th. Robert W. Baird cut their price objective on Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Scotiabank cut their price objective on Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 31st. Wells Fargo & Company dropped their target price on Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Informatica has an average rating of “Moderate Buy” and an average target price of $32.45.

Informatica Stock Up 3.7 %

Informatica stock traded up $0.99 during midday trading on Thursday, reaching $27.67. The company’s stock had a trading volume of 1,377,490 shares, compared to its average volume of 1,659,063. The stock’s 50-day simple moving average is $25.49 and its 200-day simple moving average is $27.45. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03. Informatica has a 52-week low of $18.71 and a 52-week high of $39.80. The stock has a market capitalization of $8.38 billion, a P/E ratio of 51.77, a PEG ratio of 5.41 and a beta of 1.06.

Informatica (NYSE:INFA) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $400.63 million during the quarter, compared to analysts’ expectations of $402.97 million. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $0.02 earnings per share. On average, sell-side analysts expect that Informatica will post 0.5 EPS for the current year.

Informatica announced that its Board of Directors has initiated a share buyback program on Wednesday, October 30th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the technology company to purchase up to 5.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of Informatica stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the sale, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at $10,535,037.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP John Arthur Schweitzer sold 8,501 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the sale, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $268,295.76. Following the sale, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Informatica

Several institutional investors and hedge funds have recently added to or reduced their stakes in INFA. Bank of Montreal Can acquired a new stake in shares of Informatica in the 2nd quarter worth approximately $2,442,000. Swiss National Bank grew its holdings in Informatica by 35.2% during the 1st quarter. Swiss National Bank now owns 97,600 shares of the technology company’s stock valued at $3,416,000 after buying an additional 25,400 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Informatica by 78,094.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock valued at $44,473,000 after buying an additional 1,269,034 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Informatica during the 1st quarter valued at $4,162,000. Finally, Fred Alger Management LLC grew its holdings in Informatica by 63.3% during the 2nd quarter. Fred Alger Management LLC now owns 794,084 shares of the technology company’s stock valued at $24,521,000 after buying an additional 307,803 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

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.