Fiera Capital Corp Has $703,000 Stock Holdings in Informatica Inc. (NYSE:INFA)

Fiera Capital Corp cut its stake in Informatica Inc. (NYSE:INFA) by 98.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,819 shares of the technology company’s stock after selling 1,526,773 shares during the period. Fiera Capital Corp’s holdings in Informatica were worth $703,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of INFA. First Horizon Advisors Inc. acquired a new position in shares of Informatica during the 2nd quarter worth $32,000. Summit Securities Group LLC acquired a new position in shares of Informatica during the 2nd quarter worth $46,000. Amalgamated Bank raised its holdings 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 buying an additional 1,037 shares in the last quarter. New York State Teachers Retirement System bought a new stake in Informatica during the 3rd quarter worth $149,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Informatica by 11.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock worth $201,000 after acquiring an additional 810 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity at Informatica

In related news, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the sale, the chief accounting officer now owns 142,671 shares in the company, valued at $3,817,875.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the sale, the chief accounting officer now owns 142,671 shares in the company, valued at $3,817,875.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Arthur Schweitzer sold 8,501 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $227,486.76. Following the sale, the executive vice president now owns 393,686 shares in the company, valued at approximately $10,535,037.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is owned by corporate insiders.

Informatica Trading Down 7.7 %

NYSE INFA opened at $25.00 on Monday. The business’s 50-day moving average price is $25.69 and its two-hundred day moving average price is $27.03. Informatica Inc. has a 12 month low of $22.08 and a 12 month high of $39.80. The firm has a market capitalization of $7.57 billion, a PE ratio of 119.05, a price-to-earnings-growth ratio of 5.32 and a beta of 1.04. The company has a current ratio of 2.17, a quick ratio of 2.03 and a debt-to-equity ratio of 0.75.

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

Analyst Ratings Changes

INFA has been the topic of a number of research reports. Robert W. Baird reduced their price objective on Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Wells Fargo & Company reduced their price objective on Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Citigroup reduced their price objective on Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. UBS Group boosted their price objective on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.45.

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.