Stock Buyback Plan Initiated by Informatica (NYSE:INFA) Board of Directors

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

Informatica Trading Up 2.4 %

NYSE INFA opened at $27.31 on Friday. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 52.21, a price-to-earnings-growth ratio of 5.41 and a beta of 1.06. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03. Informatica has a 12 month low of $18.71 and a 12 month high of $39.80. The company’s fifty day moving average price is $25.49 and its two-hundred day moving average price is $27.45.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $400.63 million for the quarter, compared to analysts’ expectations of $402.97 million. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 earnings per share. As a group, research analysts predict that Informatica will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on INFA shares. Scotiabank reduced their price target on Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. Citigroup reduced their target price on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group lowered their price target on shares of Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 price target on shares of Informatica in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company decreased their price objective on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.45.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 8,501 shares of the business’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 value of $227,486.76. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were 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 approximately $10,535,037.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the business’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 sale, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by 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.