DA Davidson Has Negative View of Informatica FY2024 Earnings

Informatica Inc. (NYSE:INFA) – Investment analysts at DA Davidson cut their FY2024 earnings per share estimates for Informatica in a research note issued 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 prior estimate of $0.53. The consensus estimate for Informatica’s current full-year earnings is $0.48 per share. DA Davidson also issued estimates for Informatica’s Q4 2024 earnings at $0.23 EPS.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. UBS Group raised their price objective on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday. Citigroup dropped their target price on Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft reduced their price target on Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 price target on shares of Informatica in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.45.

Informatica Stock Down 4.0 %

NYSE:INFA opened at $26.21 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03. The firm’s 50-day moving average price is $25.58 and its 200-day moving average price is $27.39. The company has a market capitalization of $7.94 billion, a PE ratio of 124.82, a P/E/G ratio of 5.81 and a beta of 1.04. Informatica has a 1-year low of $21.49 and a 1-year high of $39.80.

Institutional Trading of Informatica

Several hedge funds have recently bought and sold shares of INFA. First Horizon Advisors Inc. bought a new position in shares of Informatica in the second quarter worth about $32,000. ORG Partners LLC purchased a new stake in Informatica in the 1st quarter worth approximately $43,000. Summit Securities Group LLC purchased a new position in Informatica during the second quarter valued at approximately $46,000. Amalgamated Bank lifted its holdings in Informatica by 42.1% during 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 in the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Informatica in the third quarter worth approximately $149,000. Institutional investors own 98.45% of the company’s stock.

Insider Activity at Informatica

In other news, CAO Mark Pellowski sold 10,026 shares of the 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 directly owns 142,671 shares of the company’s stock, valued at $3,817,875.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Mark Pellowski sold 10,026 shares of the company’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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. 48.10% of the stock is owned by insiders.

Informatica declared that its Board of Directors has authorized a stock repurchase program on Wednesday, October 30th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the technology company to buy up to 5.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

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.