Linden Thomas Advisory Services LLC Reduces Stock Position in Informatica Inc. (NYSE:INFA)

Linden Thomas Advisory Services LLC lessened its holdings in shares of Informatica Inc. (NYSE:INFA) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,708 shares of the technology company’s stock after selling 1,536 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Informatica were worth $1,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Informatica by 62.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock valued at $15,571,000 after acquiring an additional 237,876 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new position in Informatica in the 3rd quarter worth $2,781,000. Bank of Montreal Can bought a new position in Informatica in the 2nd quarter worth $2,442,000. Wellington Management Group LLP boosted its stake in shares of 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 purchasing an additional 2,662,379 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Informatica by 826.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock valued at $37,519,000 after purchasing an additional 1,324,006 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Activity

In other Informatica news, CAO Mark Pellowski sold 10,035 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.06, for a total transaction of $271,547.10. Following the sale, the chief accounting officer now directly owns 138,477 shares in the company, valued at approximately $3,747,187.62. This trade represents a 6.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.05, for a total value 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. Corporate insiders own 48.10% of the company’s stock.

Analyst Upgrades and Downgrades

INFA has been the subject of several research analyst reports. Truist Financial assumed coverage on shares of Informatica in a report on Thursday, December 12th. They issued a “buy” rating and a $34.00 price objective for the company. UBS Group raised their target price on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Cantor Fitzgerald began coverage on Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 price objective for the company. Finally, Guggenheim reaffirmed a “buy” rating on shares of Informatica in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.92.

Informatica Stock Up 0.1 %

NYSE:INFA opened at $24.75 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a market cap of $7.56 billion, a P/E ratio of 117.88, a P/E/G ratio of 3.53 and a beta of 0.99. Informatica Inc. has a fifty-two week low of $22.08 and a fifty-two week high of $39.80. The firm has a 50-day simple moving average of $26.02 and a two-hundred day simple moving average of $25.50.

Informatica announced that its Board of Directors has initiated a share repurchase plan on Wednesday, October 30th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 5.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

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.