Informatica Inc. (NYSE:INFA) Receives Consensus Rating of “Reduce” from Analysts

Informatica Inc. (NYSE:INFA) has been given an average recommendation of “Reduce” by the seventeen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and sixteen have assigned a hold recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $23.6667.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Informatica in a research report on Thursday, November 13th.

Informatica Price Performance

NYSE INFA opened at $24.79 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.16 and a quick ratio of 2.16. Informatica has a fifty-two week low of $15.65 and a fifty-two week high of $27.88. The business has a fifty day moving average of $24.81 and a 200-day moving average of $24.69.

Informatica (NYSE:INFA) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $439.16 million for the quarter, compared to analyst estimates of $437.21 million. Informatica had a return on equity of 5.51% and a net margin of 0.62%.The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. Equities research analysts predict that Informatica will post 0.63 earnings per share for the current year.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 10,193 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $24.89, for a total transaction of $253,703.77. Following the sale, the executive vice president owned 309,204 shares in the company, valued at $7,696,087.56. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Informatica

Large investors have recently added to or reduced their stakes in the business. Amalgamated Bank grew its holdings in Informatica by 11.9% in the 2nd quarter. Amalgamated Bank now owns 4,577 shares of the technology company’s stock valued at $111,000 after buying an additional 488 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Informatica by 1.8% in the third quarter. Public Employees Retirement System of Ohio now owns 33,116 shares of the technology company’s stock worth $823,000 after acquiring an additional 573 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Informatica by 81.1% in the third quarter. EverSource Wealth Advisors LLC now owns 1,574 shares of the technology company’s stock valued at $39,000 after purchasing an additional 705 shares during the period. Arizona State Retirement System increased its position in Informatica by 2.2% during the third quarter. Arizona State Retirement System now owns 34,700 shares of the technology company’s stock worth $862,000 after purchasing an additional 747 shares during the last quarter. Finally, Norden Group LLC boosted its holdings in shares of Informatica by 8.3% in the 3rd quarter. Norden Group LLC now owns 11,283 shares of the technology company’s stock valued at $280,000 after purchasing an additional 863 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Informatica Company Profile

Informatica (NYSE:INFA) is a global enterprise software company specializing in cloud-native data management solutions. Founded in 1993 and headquartered in Redwood City, California, Informatica has evolved from on-premises data integration tools into a comprehensive Intelligent Data Management Cloud (IDMC) platform. The company’s mission is to enable organizations to harness their data as a strategic asset through end-to-end capabilities spanning data integration, data quality, master data management and artificial intelligence‐driven metadata discovery.

At the core of Informatica’s offerings is the IDMC platform, which unifies multiple data management services in a single, microservices-based architecture.