Informatica Inc. (NYSE:INFA) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 34.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,213,188 shares of the technology company's stock after purchasing an additional 311,003 shares during the period. Geode Capital Management LLC owned approximately 0.40% of Informatica worth $30,677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of INFA. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Informatica by 11.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company's stock worth $201,000 after buying an additional 810 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Informatica by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 21,824 shares of the technology company's stock worth $674,000 after acquiring an additional 902 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of Informatica by 10.6% in the third quarter. Verdence Capital Advisors LLC now owns 10,387 shares of the technology company's stock valued at $263,000 after acquiring an additional 993 shares in the last quarter. Amalgamated Bank boosted its holdings 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 during the period. Finally, O Neil Global Advisors Inc. grew its stake in Informatica by 23.5% during the 2nd quarter. O Neil Global Advisors Inc. now owns 7,961 shares of the technology company's stock worth $246,000 after purchasing an additional 1,516 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Informatica Price Performance

Shares of INFA stock traded down $0.76 during trading hours on Friday, hitting $26.22. The company's stock had a trading volume of 796,127 shares, compared to its average volume of 1,778,379. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The business has a fifty day moving average of $26.36 and a 200-day moving average of $26.23. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 124.86, a P/E/G ratio of 5.68 and a beta of 1.00. Informatica Inc. has a twelve month low of $22.08 and a twelve month high of $39.80.

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

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 10,734 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.05, for a total value of $290,354.70. Following the transaction, the executive vice president now directly owns 353,778 shares of the company's stock, valued at $9,569,694.90. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction that occurred 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 sale, the chief accounting officer now owns 142,671 shares in the company, valued at $3,817,875.96. This represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,296 shares of company stock valued at $1,057,684 in the last ninety days. Insiders own 48.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on INFA shares. JPMorgan Chase & Co. decreased their price objective 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. Truist Financial assumed coverage on Informatica in a report on Thursday, December 12th. They issued a "buy" rating and a $34.00 price objective for the company. UBS Group raised their target price on shares of Informatica from $27.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, Guggenheim reiterated a "buy" rating on shares of Informatica in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Informatica presently has an average rating of "Moderate Buy" and a consensus price target of $33.27.

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.