Oddo BHF Asset Management Sas Takes $1.39 Million Position in Informatica Inc. (NYSE:INFA)

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

Several other large investors have also recently bought and sold shares of INFA. Charles Schwab Investment Management Inc. raised its position in shares of Informatica by 62.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock worth $15,571,000 after acquiring an additional 237,876 shares during the last quarter. Summit Partners Public Asset Management LLC acquired a new position in Informatica during the 3rd quarter valued at about $2,781,000. Bank of Montreal Can acquired a new position in Informatica during the 2nd quarter valued at about $2,442,000. Wellington Management Group LLP boosted its stake in shares of Informatica by 29.9% in the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock valued at $292,339,000 after purchasing an additional 2,662,379 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of 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 worth $43,597,000 after buying an additional 141,163 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Informatica Stock Performance

Shares of INFA opened at $26.82 on Friday. The firm’s 50 day moving average price is $26.27 and its two-hundred day moving average price is $26.36. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica Inc. has a twelve month low of $22.08 and a twelve month high of $39.80. The firm has a market cap of $8.19 billion, a P/E ratio of 127.72, a PEG ratio of 5.68 and a beta of 1.00.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Guggenheim restated a “buy” rating on shares of Informatica in a report on Friday, October 18th. JPMorgan Chase & Co. cut their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Truist Financial began coverage on Informatica in a research note on Thursday. They set a “buy” rating and a $34.00 price objective for the company. Finally, UBS Group increased their target price on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Informatica currently has an average rating of “Moderate Buy” and an average target price of $33.27.

Insider Activity at Informatica

In other news, EVP John Arthur Schweitzer sold 8,501 shares of the business’s 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 sale, the executive vice president now owns 393,686 shares of the company’s stock, valued at $10,535,037.36. The trade was a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were 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 directly 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. 48.10% of the stock is currently owned by insiders.

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.