Informatica Inc. (NYSE:INFA) Position Trimmed by Fiera Capital Corp

Fiera Capital Corp reduced its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 98.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,819 shares of the technology company's stock after selling 1,526,773 shares during the period. Fiera Capital Corp's holdings in Informatica were worth $703,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of INFA. First Horizon Advisors Inc. purchased a new position in Informatica during the second quarter worth about $32,000. Summit Securities Group LLC purchased a new position in Informatica during the second quarter worth about $46,000. Amalgamated Bank raised its stake in Informatica by 42.1% during the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company's stock worth $108,000 after purchasing an additional 1,037 shares during the period. New York State Teachers Retirement System purchased a new position in Informatica during the third quarter worth about $149,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Informatica by 11.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company's stock worth $201,000 after purchasing an additional 810 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Informatica Stock Performance

INFA stock traded down $0.51 on Monday, hitting $24.49. The company's stock had a trading volume of 1,683,466 shares, compared to its average volume of 1,725,750. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 119.05, a price-to-earnings-growth ratio of 5.32 and a beta of 1.04. The company has a current ratio of 2.17, a quick ratio of 2.03 and a debt-to-equity ratio of 0.75. Informatica Inc. has a 1 year low of $22.08 and a 1 year high of $39.80. The firm has a 50 day moving average of $25.69 and a two-hundred day moving average of $27.03.

Informatica announced that its Board of Directors has authorized a share repurchase 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 typically an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Robert W. Baird reduced their target price on shares of Informatica from $43.00 to $35.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 31st. Royal Bank of Canada reiterated an "outperform" rating and set a $35.00 price target on shares of Informatica in a research report on Wednesday, July 31st. Guggenheim reiterated a "buy" rating on shares of Informatica in a research report on Friday, October 18th. Scotiabank dropped their price target on shares of Informatica from $33.00 to $27.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Informatica from $38.00 to $34.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Informatica has a consensus rating of "Moderate Buy" and a consensus target price of $32.45.

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.