Barclays PLC Cuts Position in Informatica Inc. (NYSE:INFA)

Barclays PLC lowered its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 25.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Quarry LP bought a new position in Informatica during the 3rd quarter worth $38,000. National Bank of Canada FI increased its position in shares of Informatica by 3,288.0% in the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company's stock worth $43,000 after purchasing an additional 1,644 shares during the period. Amalgamated Bank raised its stake in Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company's stock valued at $108,000 after purchasing an additional 1,037 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Informatica in the 3rd quarter valued at $149,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Informatica by 11.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company's stock valued at $201,000 after purchasing an additional 810 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Informatica Trading Down 2.2 %

Shares of INFA stock traded down $0.56 on Friday, hitting $25.05. The company had a trading volume of 1,156,102 shares, compared to its average volume of 1,173,400. The stock's 50-day moving average is $26.18 and its two-hundred day moving average is $25.91. 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 firm has a market cap of $7.65 billion, a P/E ratio of 119.29, a P/E/G ratio of 5.71 and a beta of 0.99. Informatica Inc. has a twelve month low of $22.08 and a twelve month high of $39.80.

Informatica announced that its board has approved a share repurchase plan on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In related news, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the transaction, the executive vice president now directly owns 393,686 shares in the company, valued at $10,535,037.36. This trade represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the transaction, 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. In the last 90 days, insiders sold 39,296 shares of company stock worth $1,057,684. 48.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

INFA has been the topic of a number of recent analyst reports. Guggenheim reiterated a "buy" rating on shares of Informatica in a research report on Friday, October 18th. JPMorgan Chase & Co. decreased their price target on shares of Informatica from $38.00 to $34.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Truist Financial initiated coverage on shares of Informatica in a research note on Thursday, December 12th. They issued a "buy" rating and a $34.00 price objective for the company. Finally, UBS Group boosted their target price on shares of Informatica from $27.00 to $30.00 and gave the stock 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $33.27.

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.