FNY Investment Advisers LLC Buys Shares of 2,100 Informatica Inc. (NYSE:INFA)

FNY Investment Advisers LLC purchased a new position in Informatica Inc. (NYSE:INFA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,100 shares of the technology company’s stock, valued at approximately $54,000.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in Informatica by 20.0% in the second quarter. Rhumbline Advisers now owns 55,816 shares of the technology company’s stock valued at $1,724,000 after buying an additional 9,321 shares during the period. American Century Companies Inc. bought a new position in shares of Informatica in the 2nd quarter worth about $290,000. Federated Hermes Inc. lifted its stake in shares of Informatica by 5.6% in the 2nd quarter. Federated Hermes Inc. now owns 196,065 shares of the technology company’s stock valued at $6,054,000 after purchasing an additional 10,391 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Informatica during the 2nd quarter valued at about $422,000. Finally, Envestnet Asset Management Inc. grew its stake in Informatica by 1,225.8% during the second quarter. Envestnet Asset Management Inc. now owns 140,147 shares of the technology company’s stock worth $4,328,000 after purchasing an additional 129,576 shares during the period. 98.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

INFA has been the topic of several recent analyst reports. Truist Financial initiated coverage on Informatica in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Guggenheim restated a “buy” rating on shares of Informatica in a report on Friday, October 18th. Finally, UBS Group upped their price objective on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.27.

Informatica Stock Down 0.9 %

Shares of NYSE INFA opened at $24.47 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The company has a 50-day moving average price of $26.09 and a 200-day moving average price of $25.78. The stock has a market capitalization of $7.47 billion, a P/E ratio of 116.53, a P/E/G ratio of 5.71 and a beta of 0.99. Informatica Inc. has a 1 year low of $22.08 and a 1 year high of $39.80.

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

Insider Activity at Informatica

In other news, CAO Mark Pellowski sold 10,035 shares of the 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 completion of the sale, the chief accounting officer now owns 138,477 shares in the company, valued at $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 10,734 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.05, for a total transaction of $290,354.70. Following the transaction, the executive vice president now directly owns 353,778 shares in the company, valued at $9,569,694.90. The trade was a 2.94 % 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.

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.