Informatica (NYSE:INFA) Authorizes Share Buyback Program

Informatica (NYSE:INFA) announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 30th, RTT News reports. The company plans to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their target price on Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Citigroup dropped their target price on Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their target price on Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Guggenheim reaffirmed a “buy” rating on shares of Informatica in a research report on Friday, October 18th. Finally, Robert W. Baird lowered their price objective on Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.18.

Informatica Stock Performance

NYSE INFA traded down $0.10 on Wednesday, reaching $26.68. The stock had a trading volume of 1,296,014 shares, compared to its average volume of 1,660,398. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.03 and a current ratio of 2.03. Informatica has a 12-month low of $18.71 and a 12-month high of $39.80. The business’s 50-day moving average price is $25.44 and its 200 day moving average price is $27.46. The stock has a market cap of $7.87 billion, a P/E ratio of -1,340.50, a price-to-earnings-growth ratio of 5.41 and a beta of 1.06.

Informatica (NYSE:INFA) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Informatica had a return on equity of 6.16% and a net margin of 9.60%. 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 previous year, the business earned $0.02 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities analysts expect that Informatica will post 0.5 earnings per share for the current year.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 8,501 shares of the company’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 sale, the executive vice president now owns 393,686 shares in the company, valued at $10,535,037.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Also, EVP John Arthur Schweitzer sold 8,501 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 value of $227,486.76. Following the transaction, the executive vice president now directly owns 393,686 shares in the company, valued at $10,535,037.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

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.