Informatica Inc. (NYSE:INFA) Holdings Lifted by Cooper Financial Group

Cooper Financial Group increased its holdings in Informatica Inc. (NYSE:INFA) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,236 shares of the technology company’s stock after acquiring an additional 1,504 shares during the period. Cooper Financial Group’s holdings in Informatica were worth $628,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of INFA. ORG Wealth Partners LLC acquired a new stake in shares of Informatica during the fourth quarter worth approximately $32,000. Quarry LP acquired a new stake in shares of Informatica during the 3rd quarter valued at $38,000. National Bank of Canada FI grew its holdings in shares of Informatica by 3,288.0% during the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,644 shares in the last quarter. Amalgamated Bank increased its stake in shares of Informatica by 42.1% in the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock worth $108,000 after acquiring an additional 1,037 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of Informatica during the third quarter worth $149,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Informatica Price Performance

NYSE INFA opened at $24.21 on Tuesday. 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 $26.18 and a 200 day simple moving average of $25.88. 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 company has a market cap of $7.39 billion, a P/E ratio of 115.29, a P/E/G ratio of 5.71 and a beta of 0.99.

Informatica declared that its Board of Directors has approved a share buyback plan on Wednesday, October 30th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 5.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP John Arthur Schweitzer sold 10,734 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.05, for a total transaction of $290,354.70. Following the transaction, the executive vice president now owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Mark Pellowski sold 10,035 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the transaction, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. The trade was a 6.76 % 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.

Wall Street Analyst Weigh In

A number of research analysts have commented on INFA shares. Truist Financial initiated coverage on Informatica in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.00 target price on the stock. JPMorgan Chase & Co. dropped their price objective on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. UBS Group raised their price objective on shares of Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Guggenheim reissued a “buy” rating on shares of Informatica in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Informatica currently has an average rating of “Moderate Buy” and an average price target of $33.27.

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.