Verdence Capital Advisors LLC Boosts Position in Informatica Inc. (NYSE:INFA)

Verdence Capital Advisors LLC grew its position in Informatica Inc. (NYSE:INFA) by 10.6% in the third quarter, HoldingsChannel reports. 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in INFA. Swiss National Bank raised its position in shares of Informatica by 35.2% during the 1st quarter. Swiss National Bank now owns 97,600 shares of the technology company’s stock worth $3,416,000 after purchasing an additional 25,400 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Informatica during the first quarter valued at $649,000. Sei Investments Co. increased its position in Informatica by 119.5% during the 1st quarter. Sei Investments Co. now owns 85,390 shares of the technology company’s stock worth $2,989,000 after purchasing an additional 46,492 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Informatica by 1,871.7% in the 1st quarter. Russell Investments Group Ltd. now owns 130,622 shares of the technology company’s stock valued at $4,572,000 after purchasing an additional 123,997 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new position in Informatica in the 1st quarter valued at about $317,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on INFA. Guggenheim reissued a “buy” rating on shares of Informatica in a research report on Friday, October 18th. Wells Fargo & Company reduced their price target on Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Scotiabank lowered their price objective on Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 31st. Citigroup reduced their target price on Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. 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 research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.45.

Informatica Price Performance

INFA opened at $24.11 on Wednesday. Informatica Inc. has a 52-week low of $22.08 and a 52-week high of $39.80. The company has a 50 day moving average of $25.67 and a two-hundred day moving average of $26.93. The company has a market cap of $7.30 billion, a P/E ratio of 114.81, a P/E/G ratio of 5.32 and a beta of 1.04. The company has a quick ratio of 2.03, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica declared that its Board of Directors has initiated a share buyback 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 often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s 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 sale, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at $3,817,875.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Arthur Schweitzer sold 8,501 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 $227,486.76. Following the sale, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. 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 corporate insiders.

Informatica 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.