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

Barclays PLC trimmed its holdings in shares of Informatica Inc. (NYSE:INFA) by 25.8% during the 3rd quarter, Holdings Channel reports. The fund owned 68,462 shares of the technology company’s stock after selling 23,774 shares during the period. Barclays PLC’s holdings in Informatica were worth $1,731,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in INFA. Charles Schwab Investment Management Inc. increased its holdings in shares of Informatica by 62.9% in the 3rd 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 during the period. Summit Partners Public Asset Management LLC bought a new stake in Informatica during the third quarter valued at about $2,781,000. Bank of Montreal Can purchased a new position in Informatica in the second quarter valued at about $2,442,000. Wellington Management Group LLP raised its holdings in Informatica by 29.9% in the third quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after purchasing an additional 2,662,379 shares in the last quarter. Finally, Fred Alger Management LLC lifted its position in shares of Informatica by 63.3% during the second quarter. Fred Alger Management LLC now owns 794,084 shares of the technology company’s stock valued at $24,521,000 after buying an additional 307,803 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling at Informatica

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of Informatica 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 $268,295.76. Following the completion of the sale, the chief accounting officer now directly owns 142,671 shares in the company, valued at approximately $3,817,875.96. The trade was a 6.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John Arthur Schweitzer sold 10,734 shares of the company’s stock in a transaction on Monday, December 16th. The shares were 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 in the company, valued at $9,569,694.90. This trade represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,296 shares of company stock worth $1,057,684. 48.10% of the stock is currently owned by insiders.

Informatica Price Performance

NYSE INFA opened at $26.22 on Friday. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 124.86, a PEG ratio of 5.68 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The stock’s fifty day moving average price is $26.36 and its 200 day moving average price is $26.23. Informatica Inc. has a 1 year low of $22.08 and a 1 year high of $39.80.

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

Analysts Set New Price Targets

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

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.