Charles Schwab Investment Management Inc. Has $15.57 Million Holdings in Informatica Inc. (NYSE:INFA)

Charles Schwab Investment Management Inc. lifted its stake in Informatica Inc. (NYSE:INFA) by 62.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 615,958 shares of the technology company’s stock after acquiring an additional 237,876 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.20% of Informatica worth $15,571,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in Informatica by 398.9% in 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 purchasing an additional 5,631,139 shares during the period. Fiera Capital Corp lifted its stake in shares of Informatica by 439.2% in the second quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock valued at $48,006,000 after buying an additional 1,266,265 shares during the period. Nippon Life Global Investors Americas Inc. bought a new stake in shares of Informatica in the second quarter valued at about $10,806,000. Fred Alger Management LLC grew its position in Informatica by 63.3% during the second 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Informatica by 118.9% during the second quarter. Bank of New York Mellon Corp now owns 368,242 shares of the technology company’s stock valued at $11,371,000 after acquiring an additional 200,025 shares during the period. Institutional investors own 98.45% of the company’s stock.

Informatica Trading Up 0.1 %

Shares of Informatica stock opened at $27.13 on Friday. The stock has a market capitalization of $8.28 billion, a P/E ratio of 129.20, a price-to-earnings-growth ratio of 5.83 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. The company has a 50-day simple moving average of $26.08 and a 200 day simple moving average of $26.46. Informatica Inc. has a 12-month low of $22.08 and a 12-month high of $39.80.

Informatica announced that its board has authorized a share repurchase program on Wednesday, October 30th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the technology company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the sale, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. This trade represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the sale, the chief accounting officer now directly owns 142,671 shares in the company, valued at approximately $3,817,875.96. This represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Guggenheim reissued a “buy” rating on shares of Informatica in a report 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. Finally, JPMorgan Chase & Co. lowered their price target on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.20.

Informatica Company 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.