Healthcare of Ontario Pension Plan Trust Fund Acquires 20,619 Shares of Informatica Inc. (NYSE:INFA)

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Informatica Inc. (NYSE:INFA) by 3,143.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,275 shares of the technology company’s stock after buying an additional 20,619 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Informatica were worth $538,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. First Horizon Advisors Inc. bought a new stake in shares of Informatica during the 2nd quarter valued at approximately $32,000. Summit Securities Group LLC bought a new position in shares of Informatica in the 2nd quarter valued at $46,000. Amalgamated Bank boosted its holdings in shares of Informatica by 42.1% during the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after acquiring an additional 1,037 shares in the last quarter. New York State Teachers Retirement System bought a new stake in Informatica during the 3rd quarter worth $149,000. Finally, CIBC Asset Management Inc acquired a new position in Informatica in the 2nd quarter worth about $216,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on INFA shares. Guggenheim reissued a “buy” rating on shares of Informatica in a research note on Friday, October 18th. JPMorgan Chase & Co. cut 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. Finally, UBS Group upped their price target 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. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.20.

Insider Activity

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $268,295.76. Following the completion of the sale, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. The trade was a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the transaction, the executive vice president now directly owns 393,686 shares in the company, valued at $10,535,037.36. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Informatica Price Performance

INFA stock opened at $26.45 on Tuesday. 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 firm has a market cap of $8.08 billion, a price-to-earnings ratio of 125.95, a PEG ratio of 5.64 and a beta of 1.04. The company’s fifty day simple moving average is $25.93 and its 200 day simple moving average is $26.52. Informatica Inc. has a 12-month low of $22.08 and a 12-month high of $39.80.

Informatica declared that its board has authorized a share repurchase plan on Wednesday, October 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.