JPMorgan Chase & Co. Increases Stake in Informatica Inc. (NYSE:INFA)

JPMorgan Chase & Co. raised its holdings in shares of Informatica Inc. (NYSE:INFA) by 826.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,484,147 shares of the technology company’s stock after acquiring an additional 1,324,006 shares during the quarter. JPMorgan Chase & Co.’s holdings in Informatica were worth $37,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in Informatica by 62.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock worth $15,571,000 after purchasing an additional 237,876 shares during the period. Summit Partners Public Asset Management LLC purchased a new stake in Informatica in the third quarter worth about $2,781,000. Bank of Montreal Can bought a new position in shares of Informatica in the second quarter worth about $2,442,000. Wellington Management Group LLP lifted its position in shares of Informatica by 29.9% during the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock valued at $292,339,000 after buying an additional 2,662,379 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Informatica by 34.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock valued at $30,677,000 after acquiring an additional 311,003 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on INFA. JPMorgan Chase & Co. lowered their price target on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. UBS Group lifted their target price on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Truist Financial started coverage on Informatica in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.00 price target for the company. Finally, Guggenheim restated a “buy” rating on shares of Informatica in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Informatica currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.27.

Informatica Trading Up 4.1 %

Shares of Informatica stock opened at $26.50 on Monday. Informatica Inc. has a twelve month low of $22.08 and a twelve month high of $39.80. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The business has a 50-day moving average price of $26.28 and a 200-day moving average price of $26.07. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 126.20, a PEG ratio of 5.71 and a beta of 1.00.

Informatica announced that its board has initiated a stock repurchase plan on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Informatica

In other news, CAO Mark Pellowski sold 10,035 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the sale, the chief accounting officer now directly owns 138,477 shares in the company, valued at $3,747,187.62. The trade was a 6.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the transaction, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,296 shares of company stock valued at $1,057,684. Insiders own 48.10% of the company’s stock.

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.