Informatica (NYSE:INFA) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Informatica (NYSE:INFA) issued its earnings results on Wednesday. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03, FiscalAI reports. Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The firm had revenue of $439.16 million for the quarter, compared to analysts’ expectations of $437.21 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year.

Informatica Trading Up 0.1%

INFA traded up $0.02 on Thursday, hitting $24.86. The company had a trading volume of 1,167,409 shares, compared to its average volume of 3,400,181. Informatica has a 12-month low of $15.65 and a 12-month high of $27.88. The business’s fifty day simple moving average is $24.86 and its 200 day simple moving average is $23.62. The company has a market cap of $7.57 billion, a PE ratio of -621.38, a PEG ratio of 7.11 and a beta of 1.14. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.75.

Insiders Place Their Bets

In other Informatica news, insider Bruce R. Chizen sold 246,590 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total transaction of $6,147,488.70. Following the completion of the transaction, the insider owned 368,874 shares in the company, valued at $9,196,028.82. The trade was a 40.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John Arthur Schweitzer sold 49,104 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $24.72, for a total value of $1,213,850.88. Following the transaction, the executive vice president owned 352,266 shares of the company’s stock, valued at $8,708,015.52. This trade represents a 12.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 403,082 shares of company stock worth $10,034,169 over the last three months. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of INFA. Gamco Investors INC. ET AL purchased a new position in shares of Informatica during the second quarter valued at approximately $268,000. Woodline Partners LP bought a new stake in shares of Informatica during the first quarter valued at approximately $341,000. Bank of Nova Scotia raised its stake in shares of Informatica by 15.6% during the second quarter. Bank of Nova Scotia now owns 18,609 shares of the technology company’s stock valued at $453,000 after acquiring an additional 2,509 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Informatica by 66.9% during the second quarter. Vident Advisory LLC now owns 20,856 shares of the technology company’s stock valued at $508,000 after acquiring an additional 8,363 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Informatica during the second quarter valued at approximately $511,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on INFA. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Informatica in a report on Wednesday, October 8th. UBS Group lifted their target price on Informatica from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Finally, Guggenheim cut 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. Sixteen investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $23.67.

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.