7,894 Shares in Informatica Inc. (NYSE:INFA) Purchased by FSR Wealth Management Ltd.

FSR Wealth Management Ltd. acquired a new stake in Informatica Inc. (NYSE:INFA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,894 shares of the technology company’s stock, valued at approximately $205,000.

A number of other institutional investors also recently bought and sold shares of INFA. The Manufacturers Life Insurance Company raised its stake in shares of Informatica by 4.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,824 shares of the technology company’s stock worth $674,000 after buying an additional 902 shares during the last quarter. CWM LLC grew its holdings in Informatica by 24.1% during the 3rd quarter. CWM LLC now owns 38,995 shares of the technology company’s stock valued at $986,000 after buying an additional 7,585 shares during the last quarter. Renaissance Capital LLC boosted its stake in shares of Informatica by 21.6% during the third quarter. Renaissance Capital LLC now owns 69,769 shares of the technology company’s stock valued at $1,764,000 after acquiring an additional 12,392 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Informatica by 18.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 45,606 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Ellsworth Advisors LLC boosted its stake in shares of Informatica by 9.0% during the 3rd quarter. Ellsworth Advisors LLC now owns 20,008 shares of the technology company’s stock worth $506,000 after purchasing an additional 1,658 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INFA. 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. Truist Financial started coverage on Informatica in a report on Thursday, December 12th. They set a “buy” rating and a $34.00 price objective on the stock. Cantor Fitzgerald assumed coverage on Informatica in a research note on Friday, January 17th. They issued a “neutral” rating and a $29.00 target price for the company. JPMorgan Chase & Co. decreased their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Guggenheim reaffirmed a “buy” rating and set a $37.00 price objective on shares of Informatica in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Informatica presently has an average rating of “Moderate Buy” and an average target price of $32.92.

Informatica Trading Down 1.4 %

Shares of INFA opened at $25.46 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. Informatica Inc. has a 12 month low of $22.08 and a 12 month high of $39.80. The stock has a market cap of $7.77 billion, a PE ratio of 121.24, a P/E/G ratio of 3.65 and a beta of 0.99. The stock’s 50-day moving average is $25.90 and its two-hundred day moving average is $25.47.

Informatica declared that its board has approved 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 purchase up to 5.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP John Arthur Schweitzer sold 10,734 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.05, for a total value of $290,354.70. Following the completion of the transaction, the executive vice president now directly owns 353,778 shares in the company, valued at approximately $9,569,694.90. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,035 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following 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 disclosure for this sale can be found here. 48.10% of the stock is currently 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.