Holocene Advisors LP Takes $2.53 Million Position in Informatica Inc. (NYSE:INFA)

Holocene Advisors LP bought a new stake in Informatica Inc. (NYSE:INFA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 100,208 shares of the technology company’s stock, valued at approximately $2,533,000.

A number of other large investors have also added to or reduced their stakes in the company. Summit Partners Public Asset Management LLC purchased a new position in Informatica in the 3rd 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. Allspring Global Investments Holdings LLC grew its stake in 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 valued at $43,597,000 after purchasing an additional 141,163 shares in the last quarter. Fred Alger Management LLC raised its position in shares of Informatica by 63.3% in the 2nd quarter. Fred Alger Management LLC now owns 794,084 shares of the technology company’s stock valued at $24,521,000 after purchasing an additional 307,803 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Informatica by 23.7% during the 1st quarter. California State Teachers Retirement System now owns 49,019 shares of the technology company’s stock valued at $1,716,000 after buying an additional 9,406 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 8,501 shares of Informatica 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 directly owns 393,686 shares in the company, valued at $10,535,037.36. This trade represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. This trade represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 48.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their target price on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Informatica in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.20.

Informatica Stock Performance

Shares of NYSE INFA opened at $27.13 on Friday. The stock has a market capitalization of $8.28 billion, a P/E ratio of 129.17, a P/E/G ratio of 5.73 and a beta of 1.00. The firm’s 50-day moving average price is $26.04 and its two-hundred day moving average price is $26.51. Informatica Inc. has a 52-week low of $22.08 and a 52-week high of $39.80. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica declared that its Board of Directors has initiated a share buyback program on Wednesday, October 30th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the technology company to buy up to 5.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

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.