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

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

Informatica Stock Up 0.1%

Shares of INFA stock traded up $0.02 during trading hours on Thursday, reaching $24.86. 1,167,409 shares of the company’s stock were exchanged, compared to its average volume of 3,400,181. The stock’s 50 day moving average is $24.86 and its 200-day moving average is $23.62. The company has a market cap of $7.57 billion, a price-to-earnings ratio of -621.38, a P/E/G ratio of 7.11 and a beta of 1.14. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.75. Informatica has a fifty-two week low of $15.65 and a fifty-two week high of $27.88.

Wall Street Analyst Weigh In

INFA has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Informatica from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Informatica in a research note on Wednesday, October 8th. Finally, Guggenheim downgraded shares of Informatica from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research note on Wednesday, August 6th. Sixteen equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $23.67.

Insiders Place Their Bets

In other news, CAO Francis R. Santiago sold 16,790 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $24.78, for a total transaction of $416,056.20. Following the transaction, the chief accounting officer directly owned 43,851 shares of the company’s stock, valued at approximately $1,086,627.78. This represents a 27.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Arthur Schweitzer sold 49,104 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $24.72, for a total value of $1,213,850.88. Following the transaction, the executive vice president directly owned 352,266 shares in the company, valued at approximately $8,708,015.52. The trade was a 12.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 403,082 shares of company stock valued at $10,034,169. Company insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Informatica

Several hedge funds have recently made changes to their positions in INFA. Whitebox Advisors LLC acquired a new stake in Informatica during the 2nd quarter worth about $49,918,000. California State Teachers Retirement System lifted its position in Informatica by 555.6% during the 2nd quarter. California State Teachers Retirement System now owns 2,332,271 shares of the technology company’s stock worth $56,791,000 after acquiring an additional 1,976,500 shares during the period. Man Group plc purchased a new position in shares of Informatica in the second quarter worth about $32,638,000. Amundi purchased a new stake in Informatica in the second quarter valued at approximately $3,783,000. Finally, Moore Capital Management LP purchased a new stake in Informatica in the second quarter valued at approximately $3,652,000. 98.45% of the stock is owned by institutional investors and hedge funds.

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.