Oddo BHF Asset Management Sas Buys New Holdings in Informatica Inc. (NYSE:INFA)

Oddo BHF Asset Management Sas acquired a new position in shares of Informatica Inc. (NYSE:INFA - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 55,125 shares of the technology company's stock, valued at approximately $1,394,000.

Other hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. acquired a new position in shares of Informatica in the 2nd quarter valued at $32,000. Quarry LP purchased a new stake in Informatica during the third quarter valued at about $38,000. National Bank of Canada FI boosted its holdings 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 buying an additional 1,644 shares during the period. Summit Securities Group LLC purchased a new position in shares of Informatica in the second quarter worth approximately $46,000. Finally, Amalgamated Bank raised its holdings in shares of Informatica by 42.1% during the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company's stock valued at $108,000 after acquiring an additional 1,037 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Informatica Stock Down 0.9 %

Shares of INFA traded down $0.25 during midday trading on Friday, reaching $26.82. 3,001,792 shares of the stock were exchanged, compared to its average volume of 1,775,194. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 127.71, a P/E/G ratio of 5.68 and a beta of 1.00. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a 12-month low of $22.08 and a 12-month high of $39.80. The firm has a 50 day simple moving average of $26.27 and a 200-day simple moving average of $26.34.

Informatica announced that its board has initiated a share buyback plan on Wednesday, October 30th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the technology company to purchase up to 5.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts recently commented on INFA shares. Guggenheim reaffirmed a "buy" rating on shares of Informatica in a research note on Friday, October 18th. UBS Group raised their target price on Informatica from $27.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Truist Financial started coverage on Informatica in a report on Thursday. They set a "buy" rating and a $34.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Informatica from $38.00 to $34.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.27.

Insider Buying and Selling

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the firm'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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark Pellowski sold 10,026 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 value of $268,295.76. Following the sale, the chief accounting officer now owns 142,671 shares of the company's stock, valued at approximately $3,817,875.96. This trade represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by corporate insiders.

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.