The Goldman Sachs Group Downgrades Informatica (NYSE:INFA) to Neutral

Informatica (NYSE:INFA) was downgraded by analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued on Friday, Marketbeat reports.

Several other brokerages also recently commented on INFA. Cantor Fitzgerald initiated coverage on shares of Informatica in a research note on Friday, January 17th. They issued a “neutral” rating and a $29.00 target price for the company. Guggenheim reaffirmed a “buy” rating and set a $37.00 price objective on shares of Informatica in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lowered Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a report on Friday. Bank of America downgraded Informatica from a “buy” rating to a “neutral” rating in a report on Friday. Finally, Truist Financial initiated coverage on Informatica in a report on Thursday, December 12th. They set a “buy” rating and a $34.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.17.

Informatica Stock Performance

INFA stock opened at $19.59 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica has a twelve month low of $16.37 and a twelve month high of $39.80. The business’s fifty day moving average is $25.65 and its 200-day moving average is $25.47. The company has a market cap of $5.98 billion, a P/E ratio of 93.27, a price-to-earnings-growth ratio of 3.65 and a beta of 0.99.

Informatica (NYSE:INFA) last issued its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The company had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. Informatica had a return on equity of 5.29% and a net margin of 3.89%. Equities research analysts forecast that Informatica will post 0.43 EPS for the current year.

Informatica announced that its Board of Directors has approved a share buyback program on Wednesday, October 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 5.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 10,734 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.05, for a total transaction of $290,354.70. Following the completion of the transaction, the executive vice president now directly 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 SEC, which is accessible through this hyperlink. Also, CAO Mark Pellowski sold 10,035 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the completion of the transaction, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. 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 institutional investors and hedge funds have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in shares of Informatica in the 4th quarter valued at about $32,000. Quarry LP acquired a new stake in Informatica in the 3rd quarter valued at about $38,000. National Bank of Canada FI grew its holdings in Informatica by 3,288.0% during the third 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 period. New Age Alpha Advisors LLC acquired a new position in Informatica during the fourth quarter worth approximately $43,000. Finally, FNY Investment Advisers LLC bought a new stake in Informatica in the fourth quarter valued at approximately $54,000. 98.45% of the stock is 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.