Holocene Advisors LP Purchases New Shares in Informatica Inc. (NYSE:INFA)

Holocene Advisors LP bought a new stake in shares of Informatica Inc. (NYSE:INFA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 100,208 shares of the technology company's stock, valued at approximately $2,533,000.

Several other institutional investors also recently bought and sold shares of the stock. First Horizon Advisors Inc. bought a new position in Informatica in the 2nd quarter worth $32,000. Summit Securities Group LLC bought a new position in shares of Informatica in the second quarter worth about $46,000. Amalgamated Bank lifted its position in shares of Informatica by 42.1% during the 2nd 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 last quarter. New York State Teachers Retirement System bought a new stake in Informatica during the 3rd quarter valued at approximately $149,000. Finally, CIBC Asset Management Inc bought a new position in Informatica in the 2nd quarter worth approximately $216,000. 98.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the business's 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 transaction, the chief accounting officer now directly owns 142,671 shares in the company, valued at $3,817,875.96. The trade was 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 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 sale, the executive vice president now directly owns 393,686 shares in the company, valued at $10,535,037.36. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 48.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on INFA shares. UBS Group raised their price objective 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. Guggenheim restated a "buy" rating on shares of Informatica in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. cut 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. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.20.

Informatica Price Performance

Shares of Informatica stock traded up $0.03 during trading on Friday, hitting $27.13. 2,514,338 shares of the company's stock traded hands, compared to its average volume of 1,760,529. The company has a market cap of $8.28 billion, a PE ratio of 129.33, a PEG ratio of 5.73 and a beta of 1.00. The firm's fifty day moving average price is $26.04 and its 200 day moving average price is $26.51. Informatica Inc. has a twelve month low of $22.08 and a twelve month 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 announced that its board has approved a share buyback program on Wednesday, October 30th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are 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.