Analysts Set Expectations for Informatica FY2024 Earnings

Informatica Inc. (NYSE:INFAFree Report) – Research analysts at DA Davidson cut their FY2024 earnings per share (EPS) estimates for shares of Informatica in a research report issued on Thursday, October 31st. DA Davidson analyst G. Luria now forecasts that the technology company will post earnings of $0.45 per share for the year, down from their previous forecast of $0.53. The consensus estimate for Informatica’s current full-year earnings is $0.50 per share. DA Davidson also issued estimates for Informatica’s Q4 2024 earnings at $0.23 EPS.

INFA has been the topic of several other research reports. Robert W. Baird dropped their price target on Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut their target price on Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 price objective on shares of Informatica in a report on Wednesday, July 31st. Wells Fargo & Company reduced their target price on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Finally, UBS Group lifted their price target on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.45.

Check Out Our Latest Research Report on INFA

Informatica Trading Up 2.4 %

INFA opened at $27.31 on Friday. The stock has a market capitalization of $8.27 billion, a P/E ratio of 130.05, a P/E/G ratio of 5.38 and a beta of 1.06. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. Informatica has a 12 month low of $18.71 and a 12 month high of $39.80. The firm’s fifty day simple moving average is $25.49 and its 200 day simple moving average is $27.45.

Informatica (NYSE:INFAGet Free Report) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Informatica had a net margin of 3.89% and a return on equity of 5.37%. The company had revenue of $400.63 million during the quarter, compared to analysts’ expectations of $402.97 million. During the same quarter in the prior year, the company earned $0.02 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year.

Informatica announced that its board has approved a share repurchase program on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of Informatica stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the transaction, the executive vice president now owns 393,686 shares in the company, valued at $10,535,037.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP John Arthur Schweitzer sold 8,501 shares of the firm’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 value of $227,486.76. Following the completion of the transaction, the executive vice president now owns 393,686 shares in the company, valued at $10,535,037.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the company’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 completion of the transaction, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is owned by insiders.

Institutional Trading of Informatica

A number of institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new position in shares of Informatica in the 2nd quarter valued at about $32,000. ORG Partners LLC acquired a new position in Informatica in the first quarter valued at approximately $43,000. Summit Securities Group LLC bought a new position in shares of Informatica during the 2nd quarter worth approximately $46,000. Amalgamated Bank grew its position in shares of Informatica by 42.1% during the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock worth $108,000 after buying an additional 1,037 shares during the period. Finally, New York State Teachers Retirement System acquired a new position in shares of Informatica during the 3rd quarter valued at $149,000. Institutional investors own 98.45% of the company’s stock.

Informatica Company Profile

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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.

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