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 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Quarry LP bought a new stake in Informatica during the third quarter worth about $38,000. National Bank of Canada FI increased its position in shares of Informatica by 3,288.0% during 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 last quarter. Amalgamated Bank raised its stake 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 in the last quarter. New York State Teachers Retirement System bought a new stake in shares of Informatica during the 3rd quarter worth approximately $149,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Informatica by 11.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock valued at $201,000 after buying an additional 810 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on INFA shares. UBS Group boosted their target price on shares of Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price objective on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Guggenheim reiterated a “buy” rating on shares of Informatica in a research note on Friday, October 18th. Finally, Truist Financial initiated coverage on Informatica in a research report on Thursday, December 12th. They set a “buy” rating and a $34.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.27.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the transaction, the executive vice president now owns 393,686 shares in the company, valued at $10,535,037.36. This represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the completion of the sale, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. The trade was a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,296 shares of company stock worth $1,057,684 in the last 90 days. Company insiders own 48.10% of the company’s stock.

Informatica Price Performance

Shares of NYSE INFA opened at $25.05 on Friday. The business’s 50 day moving average is $26.18 and its 200-day moving average is $25.91. The firm has a market cap of $7.65 billion, a P/E ratio of 119.29, a price-to-earnings-growth ratio of 5.71 and a beta of 0.99. Informatica Inc. has a 1-year low of $22.08 and a 1-year high of $39.80. 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 declared that its Board of Directors has approved a share buyback program on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 5.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Informatica 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.