Informatica (NYSE:INFA) Sees Unusually-High Trading Volume – Time to Buy?

Informatica Inc. (NYSE:INFA) saw an uptick in trading volume on Tuesday . 2,150,695 shares were traded during trading, an increase of 1% from the previous session’s volume of 2,137,887 shares.The stock last traded at $19.79 and had previously closed at $19.75.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on INFA. Royal Bank of Canada lowered shares of Informatica from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $35.00 to $19.00 in a report on Friday. Baird R W lowered shares of Informatica from a “strong-buy” rating to a “hold” rating in a report on Friday. UBS Group dropped their target price on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a report on Friday. Bank of America lowered shares of Informatica from a “buy” rating to a “neutral” rating in a report on Friday. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $19.00 price objective (down previously from $34.00) on shares of Informatica in a report on Friday. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Informatica has a consensus rating of “Hold” and an average price target of $24.67.

Informatica Price Performance

The stock’s 50-day simple moving average is $25.53 and its 200 day simple moving average is $25.45. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 96.84, a PEG ratio of 3.65 and a beta of 0.99.

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

Informatica declared that its board has approved a share buyback 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 reacquire up to 5.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Informatica

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

Institutional Trading of Informatica

Several hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of Informatica by 13.8% during the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock worth $341,111,000 after purchasing an additional 1,591,037 shares in the last quarter. Vanguard Group Inc. raised its holdings in Informatica by 28.6% in the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock valued at $281,199,000 after acquiring an additional 2,409,023 shares in the last quarter. FIL Ltd raised its holdings in Informatica by 0.9% in the fourth quarter. FIL Ltd now owns 10,449,229 shares of the technology company’s stock valued at $270,949,000 after acquiring an additional 93,685 shares in the last quarter. FMR LLC raised its holdings in Informatica by 126,639.2% in the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock valued at $268,889,000 after acquiring an additional 10,361,617 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Informatica by 16.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock valued at $209,075,000 after acquiring an additional 1,168,158 shares in 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.