Captrust Financial Advisors Acquires 1,604 Shares of Informatica Inc. (NYSE:INFA)

Captrust Financial Advisors grew its position in Informatica Inc. (NYSE:INFA) by 23.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,364 shares of the technology company’s stock after purchasing an additional 1,604 shares during the period. Captrust Financial Advisors’ holdings in Informatica were worth $211,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new stake in Informatica in the 2nd quarter worth about $32,000. Summit Securities Group LLC acquired a new position in Informatica during the 2nd quarter worth approximately $46,000. Amalgamated Bank increased its position in Informatica by 42.1% during the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock worth $108,000 after purchasing 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 approximately $149,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Informatica by 11.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock worth $201,000 after acquiring an additional 810 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction dated Tuesday, October 15th. The stock was 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 in the company, valued at $3,817,875.96. The trade was a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 8,501 shares of Informatica stock in a transaction dated Tuesday, October 15th. The shares were 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 $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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on INFA. JPMorgan Chase & Co. reduced their price objective 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. Guggenheim reiterated a “buy” rating on shares of Informatica in a report on Friday, October 18th. 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 report on Thursday, October 31st. Finally, Truist Financial started coverage on shares of Informatica in a research report on Thursday, December 12th. They set a “buy” rating and a $34.00 price target for the company. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.27.

Informatica Trading Up 1.5 %

INFA stock opened at $27.22 on Tuesday. The firm has a fifty day moving average price of $26.31 and a 200 day moving average price of $26.31. Informatica Inc. has a fifty-two week low of $22.08 and a fifty-two week high of $39.80. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a market cap of $8.31 billion, a PE ratio of 129.62, a price-to-earnings-growth ratio of 5.68 and a beta of 1.00.

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