Tybourne Capital Management HK Ltd. Invests $1.48 Million in Informatica Inc. (NYSE:INFA)

Tybourne Capital Management HK Ltd. bought a new position in shares of Informatica Inc. (NYSE:INFA) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 58,707 shares of the technology company’s stock, valued at approximately $1,484,000. Informatica accounts for about 0.4% of Tybourne Capital Management HK Ltd.’s investment portfolio, making the stock its 28th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased 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 in the last quarter. Vanguard Group Inc. increased its position in shares of Informatica by 5.0% in the first quarter. Vanguard Group Inc. now owns 5,575,869 shares of the technology company’s stock worth $195,155,000 after acquiring an additional 267,748 shares in the last quarter. Fiera Capital Corp raised its holdings in shares of Informatica by 439.2% during the second quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock valued at $48,006,000 after acquiring an additional 1,266,265 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Informatica by 6.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,289,958 shares of the technology company’s stock valued at $45,149,000 after acquiring an additional 73,655 shares during the period. Finally, Fred Alger Management LLC lifted its position in shares of Informatica by 63.3% in the 2nd quarter. Fred Alger Management LLC now owns 794,084 shares of the technology company’s stock valued at $24,521,000 after acquiring an additional 307,803 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Informatica Trading Down 0.8 %

NYSE:INFA opened at $26.39 on Thursday. The company has a market capitalization of $8.06 billion, a P/E ratio of 125.67, a P/E/G ratio of 5.61 and a beta of 1.04. The stock’s 50 day moving average price is $25.87 and its 200 day moving average price is $26.61. 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 52 week low of $22.08 and a 52 week high of $39.80.

Informatica announced that its Board of Directors has authorized a share buyback program on Wednesday, October 30th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts have issued reports on INFA shares. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 target price on shares of Informatica in a research note on Wednesday, July 31st. JPMorgan Chase & Co. dropped their price target on Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Scotiabank decreased their price objective on Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 31st. Robert W. Baird dropped their target price on Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.20.

Insiders Place Their Bets

In other news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the transaction, the chief accounting officer now owns 142,671 shares of the company’s stock, valued at approximately $3,817,875.96. This represents a 6.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Arthur Schweitzer sold 8,501 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 owns 393,686 shares of the company’s stock, valued at approximately $10,535,037.36. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.