Informatica (NYSE:INFA) Sees Strong Trading Volume – Should You Buy?

Informatica Inc. (NYSE:INFA) shares saw an uptick in trading volume on Tuesday . 949,157 shares were traded during trading, a decline of 46% from the previous session’s volume of 1,743,820 shares.The stock last traded at $26.50 and had previously closed at $26.37.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on INFA. Wells Fargo & Company decreased 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. Citigroup dropped their price objective on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Scotiabank cut their target price on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group decreased their price target on shares of Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.20.

Informatica Trading Up 1.0 %

The firm has a market capitalization of $8.13 billion, a P/E ratio of 125.67, a PEG ratio of 5.61 and a beta of 1.04. 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 firm has a 50 day moving average of $25.82 and a 200-day moving average of $26.63.

Informatica announced that its board has authorized a share repurchase plan on Wednesday, October 30th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the sale, the executive vice president now owns 393,686 shares in the company, valued at approximately $10,535,037.36. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mark Pellowski sold 10,026 shares of the business’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 transaction of $268,295.76. Following the transaction, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. This represents a 6.57 % 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in shares of Informatica by 398.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock worth $178,046,000 after acquiring an additional 5,631,139 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Informatica by 29.9% in the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after purchasing an additional 2,662,379 shares during the period. Fiera Capital Corp boosted its stake in shares of Informatica by 439.2% in the 2nd quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock valued at $48,006,000 after purchasing an additional 1,266,265 shares during the last quarter. Nippon Life Global Investors Americas Inc. acquired a new stake in shares of Informatica during the second quarter worth $10,806,000. Finally, Geode Capital Management LLC raised its stake in Informatica by 34.5% during the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock worth $30,677,000 after buying an additional 311,003 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

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.