Informatica (NYSE:INFA) Announces Earnings Results, Beats Estimates By $0.03 EPS

Informatica (NYSE:INFA) issued its earnings results on Wednesday. The technology company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03, FiscalAI reports. The firm had revenue of $439.16 million during the quarter, compared to the consensus estimate of $437.21 million. Informatica had a net margin of 0.62% and a return on equity of 5.58%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 earnings per share.

Informatica Stock Up 0.0%

NYSE INFA traded up $0.01 during trading on Friday, hitting $24.85. The stock had a trading volume of 25,471 shares, compared to its average volume of 3,384,383. Informatica has a 12 month low of $15.65 and a 12 month high of $27.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.01 and a current ratio of 2.01. The company’s 50-day moving average price is $24.85 and its two-hundred day moving average price is $23.62. The company has a market capitalization of $7.57 billion, a PE ratio of 1,242.87, a P/E/G ratio of 7.11 and a beta of 1.14.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on INFA shares. UBS Group boosted their price target on shares of Informatica from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Guggenheim lowered Informatica from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Wednesday, August 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Informatica in a report on Wednesday, October 8th. Sixteen research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Informatica presently has an average rating of “Reduce” and a consensus target price of $23.67.

Insider Buying and Selling at Informatica

In related news, insider Bruce R. Chizen sold 246,590 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $24.93, for a total value of $6,147,488.70. Following the completion of the transaction, the insider owned 368,874 shares of the company’s stock, valued at approximately $9,196,028.82. This trade represents a 40.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Francis R. Santiago sold 16,790 shares of Informatica stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $24.78, for a total transaction of $416,056.20. Following the completion of the sale, the chief accounting officer owned 43,851 shares in the company, valued at $1,086,627.78. The trade was a 27.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 403,082 shares of company stock valued at $10,034,169 over the last quarter. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Informatica

Several hedge funds have recently modified their holdings of INFA. California State Teachers Retirement System increased its position in shares of Informatica by 555.6% in the second quarter. California State Teachers Retirement System now owns 2,332,271 shares of the technology company’s stock valued at $56,791,000 after acquiring an additional 1,976,500 shares during the last quarter. Whitebox Advisors LLC acquired a new position in Informatica during the second quarter valued at approximately $49,918,000. Man Group plc bought a new position in Informatica in the second quarter valued at approximately $32,638,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Informatica by 6.0% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 422,489 shares of the technology company’s stock valued at $10,287,000 after purchasing an additional 23,765 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Informatica by 45.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 221,687 shares of the technology company’s stock worth $3,868,000 after purchasing an additional 69,150 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

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.