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

FNY Investment Advisers LLC purchased a new position in shares of Informatica Inc. (NYSE:INFA) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,100 shares of the technology company’s stock, valued at approximately $54,000.

Several other large investors also recently added to or reduced their stakes in INFA. Wellington Management Group LLP boosted its position in Informatica by 29.9% during the third quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after purchasing an additional 2,662,379 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Informatica by 398.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock valued at $178,046,000 after buying an additional 5,631,139 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Informatica by 826.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock valued at $37,519,000 after acquiring an additional 1,324,006 shares during the period. Geode Capital Management LLC lifted its position in shares of Informatica by 34.5% during the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock worth $30,677,000 after acquiring an additional 311,003 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Informatica by 25.1% in the third quarter. State Street Corp now owns 1,051,013 shares of the technology company’s stock worth $26,570,000 after acquiring an additional 210,843 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group boosted their price objective on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Guggenheim reiterated a “buy” rating on shares of Informatica in a research report on Friday, October 18th. JPMorgan Chase & Co. cut their price objective on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Truist Financial assumed coverage on shares of Informatica in a report on Thursday, December 12th. They set a “buy” rating and a $34.00 target price on the stock. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Informatica has a consensus rating of “Moderate Buy” and an average price target of $33.27.

Informatica Stock Performance

Informatica stock opened at $24.47 on Thursday. 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 stock has a market cap of $7.47 billion, a P/E ratio of 116.53, a price-to-earnings-growth ratio of 5.71 and a beta of 0.99. The firm’s fifty day moving average price is $26.09 and its 200-day moving average price is $25.78.

Informatica declared that its Board of Directors has initiated a share buyback plan 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 shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity at Informatica

In other Informatica news, CAO Mark Pellowski sold 10,035 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was 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 of the company’s stock, valued at $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction that occurred on Monday, December 16th. The stock was 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. This trade represents 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.

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.