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) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,217 shares of the technology company’s stock, valued at approximately $32,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position 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 worth $292,339,000 after purchasing an additional 2,662,379 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Informatica by 398.9% in the third 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in Informatica by 826.8% in the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock valued at $37,519,000 after buying an additional 1,324,006 shares during the last quarter. Geode Capital Management LLC increased its holdings in Informatica by 34.5% in the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock valued at $30,677,000 after buying an additional 311,003 shares during the last quarter. Finally, State Street Corp raised its stake in Informatica by 25.1% during the third quarter. State Street Corp now owns 1,051,013 shares of the technology company’s stock valued at $26,570,000 after buying an additional 210,843 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Informatica Price Performance

NYSE INFA opened at $25.05 on Friday. The company has a 50-day moving average price of $26.20 and a two-hundred day moving average price of $25.97. Informatica Inc. has a 52 week low of $22.08 and a 52 week high of $39.80. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 119.29, a price-to-earnings-growth ratio of 5.71 and a beta of 0.99. 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 announced that its board has approved a share buyback 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 reacquire up to 5.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on INFA shares. JPMorgan Chase & Co. lowered their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, October 25th. UBS Group lifted their price objective on shares of Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Truist Financial initiated coverage on shares of Informatica in a report on Thursday, December 12th. They set a “buy” rating and a $34.00 target price on the stock. Finally, Guggenheim reaffirmed a “buy” rating on shares of Informatica in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.27.

Insider Transactions at Informatica

In related news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total value of $268,295.76. Following the completion of the transaction, the chief accounting officer now owns 142,671 shares in the company, valued at $3,817,875.96. This represents a 6.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 10,734 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.05, for a total transaction of $290,354.70. Following the sale, the executive vice president now owns 353,778 shares in the company, valued at $9,569,694.90. This trade represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,296 shares of company stock worth $1,057,684. Company insiders own 48.10% of the company’s stock.

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.