SG Americas Securities LLC Invests $2.76 Million in Informatica Inc. (NYSE:INFA)

SG Americas Securities LLC acquired a new stake in shares of Informatica Inc. (NYSE:INFA) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 106,533 shares of the technology company’s stock, valued at approximately $2,762,000.

A number of other hedge funds also recently made changes to their positions in INFA. Charles Schwab Investment Management Inc. boosted its position in shares of Informatica by 62.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock worth $15,571,000 after purchasing an additional 237,876 shares during the period. Summit Partners Public Asset Management LLC purchased a new position in shares of Informatica during the 3rd quarter valued at $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 increased its stake in Informatica by 29.9% in the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after buying an additional 2,662,379 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Informatica by 826.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock worth $37,519,000 after buying an additional 1,324,006 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Activity

In other Informatica news, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction 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 transaction, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at $3,747,187.62. The trade was a 6.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 owns 353,778 shares of the company’s stock, valued at $9,569,694.90. This trade represents 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.

Informatica Trading Up 0.1 %

Shares of NYSE INFA opened at $24.75 on Friday. Informatica Inc. has a 1-year low of $22.08 and a 1-year high of $39.80. 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 business’s 50 day moving average is $26.02 and its two-hundred day moving average is $25.50. The stock has a market capitalization of $7.56 billion, a P/E ratio of 117.88, a PEG ratio of 3.53 and a beta of 0.99.

Informatica announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Guggenheim restated a “buy” rating on shares of Informatica in a research report on Friday, October 18th. Cantor Fitzgerald initiated coverage on shares of Informatica in a report on Friday, January 17th. They set a “neutral” rating and a $29.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. UBS Group upped their target price on shares of 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 shares of Informatica in a report on Thursday, December 12th. They issued a “buy” rating and a $34.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Informatica presently has an average rating of “Moderate Buy” and an average target price of $32.92.

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.