DA Davidson Lowers Informatica (NYSE:INFA) Price Target to $18.00

Informatica (NYSE:INFA) had its price objective decreased by DA Davidson from $20.00 to $18.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. DA Davidson’s price target points to a potential upside of 2.97% from the company’s current price.

A number of other research analysts also recently commented on the stock. The Goldman Sachs Group downgraded shares of Informatica from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $38.00 to $20.00 in a research note on Friday, February 14th. Royal Bank of Canada lowered Informatica from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $35.00 to $19.00 in a research report on Friday, February 14th. UBS Group dropped their target price on Informatica from $30.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, February 14th. Baird R W downgraded Informatica from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Bank of America lowered shares of Informatica from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Thirteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.15.

Informatica Price Performance

INFA stock traded up $0.17 on Monday, reaching $17.48. The company had a trading volume of 1,166,842 shares, compared to its average volume of 2,090,052. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The company’s fifty day moving average is $19.35 and its 200 day moving average is $23.63. The company has a market cap of $5.29 billion, a P/E ratio of 582.86, a PEG ratio of 4.44 and a beta of 1.06. Informatica has a 1 year low of $15.65 and a 1 year high of $38.00.

Informatica (NYSE:INFA) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). The firm had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. On average, research analysts forecast that Informatica will post 0.63 earnings per share for the current year.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the transaction, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 48.10% of the company’s stock.

Hedge Funds Weigh In On Informatica

Several hedge funds have recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of Informatica by 540.4% in the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company’s stock valued at $25,000 after buying an additional 1,216 shares during the period. ORG Wealth Partners LLC acquired a new stake in Informatica in the 4th quarter valued at about $32,000. Versant Capital Management Inc boosted its position in shares of Informatica by 7,053.8% during the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,834 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,644 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Informatica in the 4th quarter worth approximately $43,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.