Barclays PLC Sells 23,774 Shares of Informatica Inc. (NYSE:INFA)

Barclays PLC cut its holdings in shares of Informatica Inc. (NYSE:INFA) by 25.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,462 shares of the technology company’s stock after selling 23,774 shares during the quarter. Barclays PLC’s holdings in Informatica were worth $1,731,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Y Intercept Hong Kong Ltd purchased a new stake in shares of Informatica during the third quarter worth about $396,000. XTX Topco Ltd purchased a new position in Informatica in the 3rd quarter worth approximately $325,000. National Bank of Canada FI boosted its stake in Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,644 shares during the period. Wellington Management Group LLP grew its holdings in Informatica by 29.9% during the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock valued at $292,339,000 after buying an additional 2,662,379 shares in the last quarter. Finally, State Street Corp grew its holdings in Informatica by 25.1% during the 3rd quarter. State Street Corp now owns 1,051,013 shares of the technology company’s stock valued at $26,570,000 after buying an additional 210,843 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on INFA shares. JPMorgan Chase & Co. dropped their target price 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. Guggenheim reiterated a “buy” rating on shares of Informatica in a research note on Friday, October 18th. Truist Financial started coverage on Informatica in a research report on Thursday, December 12th. They set a “buy” rating and a $34.00 price objective for the company. Finally, UBS Group lifted their target price on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Informatica presently has a consensus rating of “Moderate Buy” and an average price target of $33.27.

Informatica Trading Down 2.8 %

INFA opened at $26.22 on Friday. The stock has a 50-day moving average of $26.36 and a 200 day moving average of $26.23. The company has a current ratio of 2.17, a quick 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 market cap of $8.01 billion, a P/E ratio of 124.86, a P/E/G ratio of 5.68 and a beta of 1.00.

Informatica declared that its board has initiated a share buyback plan on Wednesday, October 30th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the technology company to buy up to 5.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, CAO Mark Pellowski sold 10,035 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the sale, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at $3,747,187.62. This represents a 6.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $290,354.70. Following the completion of the sale, the executive vice president now directly owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders 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.

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.