Informatica Inc. (NYSE:INFA) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors grew its holdings in shares of Informatica Inc. (NYSE:INFA) by 23.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,364 shares of the technology company’s stock after purchasing an additional 1,604 shares during the period. Captrust Financial Advisors’ holdings in Informatica were worth $211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INFA. First Horizon Advisors Inc. purchased a new position in shares of Informatica during the 2nd quarter worth $32,000. Bank of New York Mellon Corp increased its holdings in shares of Informatica by 118.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 368,242 shares of the technology company’s stock worth $11,371,000 after buying an additional 200,025 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Informatica by 11.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,411,822 shares of the technology company’s stock worth $43,597,000 after buying an additional 141,163 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Informatica during the 2nd quarter worth $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Informatica by 47.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,040 shares of the technology company’s stock worth $434,000 after buying an additional 4,523 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

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

Informatica Stock Performance

INFA opened at $27.22 on Tuesday. The business’s 50 day moving average is $26.31 and its 200-day moving average is $26.31. The stock has a market cap of $8.31 billion, a PE ratio of 129.62, a price-to-earnings-growth ratio of 5.68 and a beta of 1.00. 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 twelve month low of $22.08 and a twelve month high of $39.80.

Informatica declared that its board has authorized a share buyback program on Wednesday, October 30th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the technology company to buy up to 5.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the company’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 transaction, the executive vice president now owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. This 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 accessible through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were 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 trade represents a 6.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.

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.