Informatica Inc. (NYSE:INFA) Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its stake in Informatica Inc. (NYSE:INFA) by 10.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,387 shares of the technology company’s stock after purchasing an additional 993 shares during the period. Verdence Capital Advisors LLC’s holdings in Informatica were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. New York State Teachers Retirement System purchased a new stake in shares of Informatica during the 3rd quarter worth $149,000. Lecap Asset Management Ltd. acquired a new stake in Informatica in the third quarter valued at $685,000. Allspring Global Investments Holdings LLC boosted its position in shares of Informatica by 398.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock worth $178,046,000 after acquiring an additional 5,631,139 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Informatica by 11.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock valued at $201,000 after acquiring an additional 810 shares during the last quarter. Finally, Ellsworth Advisors LLC raised its position in shares of Informatica by 9.0% during the 3rd quarter. Ellsworth Advisors LLC now owns 20,008 shares of the technology company’s stock worth $506,000 after acquiring an additional 1,658 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insiders Place Their Bets

In other news, 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 transaction, the chief accounting officer now directly owns 142,671 shares in the company, valued at $3,817,875.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction 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 transaction, the executive vice president now owns 393,686 shares in the company, valued at approximately $10,535,037.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the sale, the chief accounting officer now owns 142,671 shares in the company, valued at $3,817,875.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is owned by insiders.

Informatica Price Performance

Shares of NYSE INFA opened at $24.11 on Wednesday. The stock has a fifty day moving average price of $25.67 and a 200 day moving average price of $26.93. Informatica Inc. has a 1-year low of $22.08 and a 1-year high of $39.80. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.03. The company has a market cap of $7.30 billion, a PE ratio of 114.81, a P/E/G ratio of 5.32 and a beta of 1.04.

Informatica declared that its Board of Directors has authorized a stock repurchase program on Wednesday, October 30th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

INFA has been the subject of a number of research analyst reports. Robert W. Baird lowered their price target on Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. UBS Group increased their target price on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Scotiabank decreased their price objective on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $35.00 target price on shares of Informatica in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.45.

About Informatica

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.