Versor Investments LP Takes $298,000 Position in Informatica Inc. (NYSE:INFA)

Versor Investments LP bought a new stake in Informatica Inc. (NYSE:INFA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,800 shares of the technology company’s stock, valued at approximately $298,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Informatica by 11.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,935 shares of the technology company’s stock valued at $201,000 after purchasing an additional 810 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Informatica by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,824 shares of the technology company’s stock valued at $674,000 after purchasing an additional 902 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Informatica by 10.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 10,387 shares of the technology company’s stock valued at $263,000 after purchasing an additional 993 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of Informatica in the 2nd quarter valued at about $32,000. Finally, Amalgamated Bank raised its stake in Informatica by 42.1% during the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after acquiring an additional 1,037 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP John Arthur Schweitzer sold 8,501 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at $10,535,037.36. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $268,295.76. Following the completion of the transaction, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at $3,817,875.96. The trade was a 6.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on INFA. Robert W. Baird reduced their price objective on Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Informatica in a research note on Wednesday, July 31st. Scotiabank reduced their price objective on Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Guggenheim reaffirmed a “buy” rating on shares of Informatica in a research note on Friday, October 18th. Finally, UBS Group upped their price objective on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.20.

Informatica Stock Performance

NYSE INFA opened at $24.79 on Friday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $25.72 and its two-hundred day moving average is $26.85. Informatica Inc. has a 12-month low of $22.08 and a 12-month high of $39.80. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 118.05, a PEG ratio of 5.42 and a beta of 1.04.

Informatica declared that its board has authorized a stock repurchase plan on Wednesday, October 30th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the technology company to purchase up to 5.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.