FX.co ★ Informatica Announces $400 Mln Stock Buyback Program; To Repurchase $100 Mln Of Stock By 2024 End

Informatica Inc. (INFA) announced on Monday that its board has approved a $400 million share repurchase program for Class A common stock. The company plans to repurchase approximately $100 million worth of these shares by the end of 2024. This buyback will be funded through the company’s available cash reserves. At present, Informatica's shares are trading at $25.51, reflecting a 2.90 percent increase on the New York Stock Exchange.