Oddo BHF Asset Management Sas Purchases Shares of 55,125 Informatica Inc. (NYSE:INFA)

Oddo BHF Asset Management Sas acquired a new position in shares of Informatica Inc. (NYSE:INFA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 55,125 shares of the technology company’s stock, valued at approximately $1,394,000.

Other hedge funds have also bought and sold shares of the company. Teachers Retirement System of The State of Kentucky acquired a new position in Informatica during the third quarter worth approximately $1,613,000. Geode Capital Management LLC raised its stake in Informatica by 34.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock valued at $30,677,000 after acquiring an additional 311,003 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Informatica during the 3rd quarter valued at $396,000. XTX Topco Ltd acquired a new stake in Informatica during the 3rd quarter valued at $325,000. Finally, National Bank of Canada FI increased its holdings in shares of Informatica by 3,288.0% in the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,644 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP John Arthur Schweitzer sold 8,501 shares of Informatica stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the sale, the executive vice president now owns 393,686 shares in the company, valued at $10,535,037.36. The trade was a 2.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the transaction, the chief accounting officer now directly owns 142,671 shares in the company, valued at approximately $3,817,875.96. This represents a 6.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.

Informatica Stock Down 0.9 %

Shares of NYSE INFA opened at $26.82 on Friday. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 127.72, a PEG ratio of 5.68 and a beta of 1.00. 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 stock has a 50-day moving average price of $26.27 and a two-hundred day moving average price of $26.36. Informatica Inc. has a 12 month low of $22.08 and a 12 month high of $39.80.

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

Wall Street Analyst Weigh In

INFA has been the subject of a number of research reports. Truist Financial assumed coverage on shares of Informatica in a research note on Thursday. They set a “buy” rating and a $34.00 target price for the company. UBS Group upped their target price on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered their target price on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Informatica in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.