Informatica (NYSE:INFA) Stock Price Expected to Rise, UBS Group Analyst Says

Informatica (NYSE:INFA) had its price target upped by UBS Group from $20.00 to $21.00 in a report issued on Friday,Benzinga reports. UBS Group currently has a neutral rating on the technology company’s stock.

Several other research analysts have also recently issued reports on the stock. Baird R W cut shares of Informatica from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th. Scotiabank increased their target price on shares of Informatica from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft cut shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a report on Friday, February 14th. Wedbush cut shares of Informatica to a “neutral” rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group raised their price target on shares of Informatica from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Thirteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Informatica currently has a consensus rating of “Hold” and a consensus price target of $23.69.

Informatica Trading Up 0.7%

INFA stock opened at $19.70 on Friday. The company has a market capitalization of $5.96 billion, a PE ratio of 657.02, a P/E/G ratio of 4.44 and a beta of 1.04. Informatica has a 12 month low of $15.65 and a 12 month high of $31.65. The firm’s 50-day moving average is $18.13 and its 200 day moving average is $22.32. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

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

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total value of $207,629.15. Following the completion of the transaction, the executive vice president now directly owns 416,410 shares of the company’s stock, valued at $7,516,200.50. This trade represents a 2.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 48.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Informatica

A number of institutional investors have recently bought and sold shares of INFA. SG Americas Securities LLC purchased a new position in Informatica during the 4th quarter worth approximately $2,762,000. KBC Group NV raised its position in Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock worth $84,000 after buying an additional 1,325 shares during the last quarter. Pacer Advisors Inc. raised its position in Informatica by 30.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company’s stock worth $159,000 after buying an additional 1,437 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Informatica by 50.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,929 shares of the technology company’s stock worth $309,000 after buying an additional 3,994 shares during the last quarter. Finally, FSR Wealth Management Ltd. purchased a new position in Informatica during the 4th quarter worth approximately $205,000. 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.