Eagle Asset Management Inc. Boosts Holdings in Informatica Inc. (NYSE:INFA)

Eagle Asset Management Inc. lifted its stake in shares of Informatica Inc. (NYSE:INFA) by 17.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,677 shares of the technology company’s stock after purchasing an additional 9,138 shares during the period. Eagle Asset Management Inc.’s holdings in Informatica were worth $1,517,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Informatica by 398.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock valued at $178,046,000 after acquiring an additional 5,631,139 shares in the last quarter. Fiera Capital Corp lifted its holdings in Informatica by 439.2% in the 2nd quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock valued at $48,006,000 after purchasing an additional 1,266,265 shares in the last quarter. Nippon Life Global Investors Americas Inc. acquired a new stake in Informatica during the 2nd quarter worth $10,806,000. Fred Alger Management LLC grew its holdings in shares of Informatica by 63.3% during the second quarter. Fred Alger Management LLC now owns 794,084 shares of the technology company’s stock worth $24,521,000 after buying an additional 307,803 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Informatica by 5.0% in the first quarter. Vanguard Group Inc. now owns 5,575,869 shares of the technology company’s stock valued at $195,155,000 after buying an additional 267,748 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $10,535,037.36. This trade represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the sale, the chief accounting officer now directly owns 142,671 shares in the company, valued at approximately $3,817,875.96. The trade was a 6.57 % 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 Price Performance

Informatica stock opened at $26.36 on Tuesday. The company’s 50 day simple moving average is $25.81 and its 200-day simple moving average is $26.65. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica Inc. has a 1 year low of $22.08 and a 1 year high of $39.80. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 126.10, a price-to-earnings-growth ratio of 5.61 and a beta of 1.04.

Informatica declared that its board has approved a stock buyback program on Wednesday, October 30th that allows the company to repurchase $400.00 million in 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 usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

INFA has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company dropped their price target on Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. UBS Group boosted their price objective on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Informatica in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.20.

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.