Informatica (NYSE:INFA) Receives “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Informatica (NYSE:INFA) in a research report report published on Monday, Benzinga reports. The firm currently has a $41.00 target price on the technology company’s stock.

Several other research analysts have also weighed in on the stock. The Goldman Sachs Group upgraded shares of Informatica from a neutral rating to a buy rating and increased their price objective for the stock from $26.00 to $44.00 in a report on Friday, February 16th. JPMorgan Chase & Co. increased their price target on shares of Informatica from $33.00 to $38.00 and gave the stock an overweight rating in a research note on Thursday, February 15th. Robert W. Baird began coverage on shares of Informatica in a research note on Tuesday, April 2nd. They set an outperform rating and a $43.00 price objective for the company. UBS Group upped their price objective on Informatica from $27.00 to $37.00 and gave the stock a neutral rating in a report on Thursday, February 15th. Finally, Citigroup lifted their target price on Informatica from $28.00 to $33.00 and gave the company a neutral rating in a report on Monday, February 12th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $34.78.

Informatica Stock Up 1.2 %

INFA opened at $35.08 on Monday. The firm has a market cap of $10.35 billion, a P/E ratio of -76.26, a PEG ratio of 7.45 and a beta of 1.08. The business’s fifty day simple moving average is $34.16 and its 200 day simple moving average is $28.64. Informatica has a 52 week low of $13.29 and a 52 week high of $39.80. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.82.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $445.18 million during the quarter, compared to analyst estimates of $431.51 million. Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. As a group, equities research analysts anticipate that Informatica will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $32.04, for a total value of $321,233.04. Following the completion of the sale, the chief accounting officer now owns 150,937 shares in the company, valued at $4,836,021.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Informatica news, EVP John Arthur Schweitzer sold 65,891 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $35.50, for a total value of $2,339,130.50. Following the transaction, the executive vice president now owns 481,011 shares in the company, valued at approximately $17,075,890.50. The sale 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 dated Thursday, March 7th. The shares were sold at an average price of $32.04, for a total transaction of $321,233.04. Following the completion of the transaction, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at $4,836,021.48. The disclosure for this sale can be found here. Insiders have sold a total of 243,600 shares of company stock worth $8,259,201 over the last quarter. 53.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of INFA. State of Wyoming acquired a new stake in Informatica during the 4th quarter valued at approximately $25,000. MetLife Investment Management LLC acquired a new stake in shares of Informatica during the first quarter worth approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Informatica in the 2nd quarter worth about $36,000. GAMMA Investing LLC acquired a new position in Informatica during the 4th quarter valued at about $39,000. Finally, First Manhattan Co. acquired a new position in Informatica during the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

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.