Tybourne Capital Management HK Ltd. Makes New Investment in Informatica Inc. (NYSE:INFA)

Tybourne Capital Management HK Ltd. bought a new stake in Informatica Inc. (NYSE:INFA) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 58,707 shares of the technology company’s stock, valued at approximately $1,484,000. Informatica makes up about 0.4% of Tybourne Capital Management HK Ltd.’s holdings, making the stock its 28th biggest holding.

Other hedge funds have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in 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 worth $201,000 after buying an additional 810 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Informatica by 4.3% in the second 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 grew its stake in Informatica by 10.6% during 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 in the last quarter. First Horizon Advisors Inc. purchased a new stake in Informatica during the 2nd quarter worth approximately $32,000. Finally, Amalgamated Bank raised its position in shares of Informatica by 42.1% in the 2nd quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after purchasing an additional 1,037 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INFA has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price target on shares of Informatica in a research report on Wednesday, July 31st. JPMorgan Chase & Co. cut their target price on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Scotiabank decreased their price target 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. Wells Fargo & Company cut their price objective on Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group decreased their target price on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.20.

Informatica Stock Performance

INFA opened at $26.39 on Thursday. Informatica Inc. has a twelve month low of $22.08 and a twelve month high of $39.80. The stock has a market cap of $8.06 billion, a PE ratio of 125.67, a price-to-earnings-growth ratio of 5.61 and a beta of 1.04. The business’s 50 day moving average is $25.87 and its 200-day moving average is $26.61. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica declared that its Board of Directors has initiated 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 buy up to 5.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Informatica

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

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.