Informatica (INFA) to Release Quarterly Earnings on Thursday

Informatica (NYSE:INFA) will likely be posting its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Informatica to post earnings of $0.38 per share and revenue of $457.04 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Informatica Price Performance

Shares of NYSE:INFA opened at $25.65 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica has a twelve month low of $22.08 and a twelve month high of $39.80. The company’s 50 day moving average is $25.87 and its 200 day moving average is $25.49. The company has a market cap of $7.83 billion, a PE ratio of 122.12, a price-to-earnings-growth ratio of 3.65 and a beta of 0.99.

Informatica announced that its board has approved a share buyback plan on Wednesday, October 30th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 5.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have recently weighed in on INFA. JPMorgan Chase & Co. decreased their target price on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Cantor Fitzgerald started coverage on shares of Informatica in a research report on Friday, January 17th. They issued a “neutral” rating and a $29.00 target price on the stock. UBS Group boosted their price objective on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Guggenheim reaffirmed a “buy” rating and issued a $37.00 target price on shares of Informatica in a research report on Friday, January 31st. Finally, Truist Financial began coverage on shares of Informatica in a research note on Thursday, December 12th. They set a “buy” rating and a $34.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.92.

Insider Buying and Selling

In other Informatica news, CAO Mark Pellowski sold 10,035 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the transaction, the chief accounting officer now directly owns 138,477 shares in the company, valued at $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 10,734 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.05, for a total transaction of $290,354.70. Following the sale, the executive vice president now directly owns 353,778 shares in the company, valued at approximately $9,569,694.90. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

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.