Informatica Inc. (NYSE:INFA) Position Lessened by Barclays PLC

Barclays PLC cut its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 25.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 68,462 shares of the technology company's stock after selling 23,774 shares during the period. Barclays PLC's holdings in Informatica were worth $1,731,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Quarry LP bought a new position in shares of Informatica during the third quarter valued at approximately $38,000. National Bank of Canada FI grew its stake in Informatica by 3,288.0% during the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company's stock worth $43,000 after buying an additional 1,644 shares during the last quarter. Amalgamated Bank increased its position in Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company's stock worth $108,000 after buying an additional 1,037 shares during the period. New York State Teachers Retirement System acquired a new stake in Informatica in the third quarter worth $149,000. Finally, CIBC Asset Management Inc bought a new stake in Informatica in the second quarter valued at $216,000. Institutional investors own 98.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on INFA. Guggenheim reaffirmed a "buy" rating on shares of Informatica in a report on Friday, October 18th. Truist Financial started coverage on Informatica in a report on Thursday, December 12th. They set a "buy" rating and a $34.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on Informatica from $38.00 to $34.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Finally, UBS Group lifted their target price on Informatica from $27.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.27.

Insider Activity at Informatica

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 transaction of $268,295.76. Following the completion of the sale, the chief accounting officer now directly owns 142,671 shares of the company's stock, valued at approximately $3,817,875.96. This represents a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 trade represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,296 shares of company stock valued at $1,057,684 over the last ninety days. Insiders own 48.10% of the company's stock.

Informatica Price Performance

NYSE INFA traded down $0.76 on Friday, reaching $26.22. The company's stock had a trading volume of 796,127 shares, compared to its average volume of 1,778,379. The firm's 50 day moving average is $26.35 and its two-hundred day moving average is $26.22. The stock has a market cap of $8.01 billion, a PE ratio of 124.86, a PEG ratio of 5.68 and a beta of 1.00. 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 twelve month low of $22.08 and a twelve month high of $39.80.

Informatica declared that its board has authorized a stock repurchase program on Wednesday, October 30th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is 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.