Healthcare of Ontario Pension Plan Trust Fund Purchases 20,619 Shares of Informatica Inc. (NYSE:INFA)

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 3,143.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,275 shares of the technology company's stock after acquiring an additional 20,619 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in Informatica were worth $538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of INFA. Allspring Global Investments Holdings LLC raised its holdings in shares of Informatica by 398.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company's stock valued at $178,046,000 after buying an additional 5,631,139 shares in the last quarter. Fiera Capital Corp lifted its holdings in shares of Informatica by 439.2% in the 2nd quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company's stock worth $48,006,000 after acquiring an additional 1,266,265 shares during the last quarter. Nippon Life Global Investors Americas Inc. purchased a new stake in Informatica during the second quarter valued at about $10,806,000. Fred Alger Management LLC grew its position in shares of Informatica by 63.3% in the 2nd quarter. Fred Alger Management LLC now owns 794,084 shares of the technology company's stock worth $24,521,000 after buying an additional 307,803 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Informatica by 62.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company's stock worth $15,571,000 after purchasing an additional 237,876 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

Informatica Price Performance

Shares of INFA stock traded up $0.48 during mid-day trading on Tuesday, hitting $26.91. The company had a trading volume of 2,273,045 shares, compared to its average volume of 1,749,098. The company has a market capitalization of $8.22 billion, a P/E ratio of 125.96, a P/E/G ratio of 5.64 and a beta of 1.00. The stock's 50 day moving average price is $25.93 and its 200-day moving average price is $26.52. Informatica Inc. has a 52-week low of $22.08 and a 52-week high of $39.80. 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 declared that its Board of Directors has approved a share buyback program on Wednesday, October 30th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 5.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling at Informatica

In other Informatica news, CAO Mark Pellowski sold 10,026 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 $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 trade represents a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 stock was 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. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 48.10% of the company's stock.

Analyst Upgrades and Downgrades

INFA has been the topic of a number of recent research reports. UBS Group upped 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. Guggenheim reissued a "buy" rating on shares of Informatica in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. decreased their price objective on Informatica from $38.00 to $34.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $33.20.

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.