ORG Wealth Partners LLC Takes $32,000 Position in Informatica Inc. (NYSE:INFA)

ORG Wealth Partners LLC purchased a new position in Informatica Inc. (NYSE:INFA) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,217 shares of the technology company’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of INFA. Wellington Management Group LLP boosted its holdings in shares of Informatica by 29.9% in the third quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after buying an additional 2,662,379 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Informatica by 398.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock worth $178,046,000 after purchasing an additional 5,631,139 shares during the period. JPMorgan Chase & Co. grew its position in Informatica by 826.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock worth $37,519,000 after purchasing an additional 1,324,006 shares in the last quarter. Geode Capital Management LLC raised its stake in Informatica by 34.5% during 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 purchasing an additional 311,003 shares during the period. Finally, State Street Corp lifted its holdings in shares of Informatica by 25.1% in the third quarter. State Street Corp now owns 1,051,013 shares of the technology company’s stock valued at $26,570,000 after purchasing an additional 210,843 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Mark Pellowski sold 10,035 shares of Informatica stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.06, for a total value of $271,547.10. Following the transaction, the chief accounting officer now owns 138,477 shares in the company, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Arthur Schweitzer sold 8,501 shares of the firm’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 completion of the sale, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,296 shares of company stock valued at $1,057,684 over the last quarter. Insiders own 48.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on INFA shares. UBS Group lifted their price target on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Guggenheim reaffirmed a “buy” rating on shares of Informatica in a research note on Friday, October 18th. JPMorgan Chase & Co. reduced their price target 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, Truist Financial started coverage on shares of Informatica in a research report on Thursday, December 12th. They set a “buy” rating and a $34.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.27.

Informatica Stock Down 2.2 %

INFA stock opened at $25.05 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 firm has a market cap of $7.65 billion, a PE ratio of 119.29, a PEG ratio of 5.71 and a beta of 0.99. Informatica Inc. has a 1 year low of $22.08 and a 1 year high of $39.80. The company has a fifty day simple moving average of $26.20 and a 200 day simple moving average of $25.97.

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

Informatica 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.