FY2024 EPS Estimates for Informatica Reduced by DA Davidson

Informatica Inc. (NYSE:INFA) – Equities researchers at DA Davidson decreased their FY2024 EPS estimates for Informatica in a research report issued to clients and investors on Thursday, October 31st. DA Davidson analyst G. Luria now expects that the technology company will earn $0.45 per share 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) last announced its earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, topping 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 business 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 posted $0.02 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis.

Several other research analysts have also recently commented on the stock. 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. The Goldman Sachs Group cut their price target on shares of Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. JPMorgan Chase & Co. cut their price target on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Guggenheim reiterated a “buy” rating on shares of Informatica in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Informatica currently has an average rating of “Moderate Buy” and an average price target of $32.45.

Informatica Stock Performance

Shares of INFA opened at $26.21 on Friday. Informatica has a 12 month low of $21.49 and a 12 month high of $39.80. The firm has a fifty day simple moving average of $25.54 and a 200 day simple moving average 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. 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 repurchase plan on Wednesday, October 30th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of 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 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction dated 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the transaction, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. This 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Informatica

Hedge funds have recently bought and sold shares of the business. First Horizon Advisors Inc. bought a new position in Informatica in the 2nd quarter valued at about $32,000. ORG Partners LLC bought a new position in Informatica in the 1st quarter valued at about $43,000. Summit Securities Group LLC bought a new position in Informatica in the 2nd quarter valued at about $46,000. Amalgamated Bank increased its holdings in Informatica by 42.1% in the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after buying an additional 1,037 shares during the period. Finally, New York State Teachers Retirement System bought a new position in Informatica in the 3rd quarter valued at about $149,000. 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.