FY2024 EPS Estimate for Informatica Decreased by Analyst

Informatica Inc. (NYSE:INFA - Free Report) - Stock analysts at DA Davidson dropped their FY2024 earnings per share estimates for shares of Informatica in a research report issued to clients and investors on Thursday, October 31st. DA Davidson analyst G. Luria now forecasts that the technology company will post earnings per share of $0.45 for the year, down from their previous estimate 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.

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

Several other research firms have also recently weighed in on INFA. Scotiabank decreased their target price on Informatica from $33.00 to $27.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 31st. UBS Group boosted their target price on Informatica from $27.00 to $30.00 and gave the stock a "neutral" rating in a research note on Thursday. Citigroup cut their price target on Informatica from $35.00 to $28.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group cut their price target on Informatica from $44.00 to $38.00 and set a "buy" rating on the stock in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Informatica from $39.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.45.

Informatica Stock Down 4.0 %

INFA stock traded down $1.09 during trading on Friday, hitting $26.21. 1,830,566 shares of the company's stock were exchanged, compared to its average volume of 1,664,719. The business has a 50-day moving average price of $25.54 and a two-hundred day moving average price of $27.45. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 127.24, a PEG ratio of 5.38 and a beta of 1.06. Informatica has a 52-week low of $21.49 and a 52-week high of $39.80. 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 declared that its board has approved a stock buyback plan on Wednesday, October 30th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the technology company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In related news, CAO Mark Pellowski sold 10,026 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was 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 $3,817,875.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the sale, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,026 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the sale, the chief accounting officer now owns 142,671 shares in the company, valued at approximately $3,817,875.96. The trade was 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 currently owned by corporate insiders.

Institutional Trading of Informatica

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Informatica by 11.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company's stock valued at $201,000 after acquiring an additional 810 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Informatica by 4.3% in the second quarter. The Manufacturers Life Insurance Company now owns 21,824 shares of the technology company's stock valued at $674,000 after purchasing an additional 902 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in Informatica in the second quarter valued at $32,000. Amalgamated Bank increased its stake in Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company's stock valued at $108,000 after purchasing an additional 1,037 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in Informatica in the first quarter valued at $43,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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.