PDT Partners LLC Decreases Holdings in Informatica Inc. (NYSE:INFA)

PDT Partners LLC reduced its position in Informatica Inc. (NYSE:INFA) by 56.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,273 shares of the technology company’s stock after selling 52,305 shares during the quarter. PDT Partners LLC’s holdings in Informatica were worth $1,018,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Informatica by 11.4% during 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 during 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 worth $674,000 after acquiring an additional 902 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Informatica by 10.6% during the third quarter. Verdence Capital Advisors LLC now owns 10,387 shares of the technology company’s stock worth $263,000 after acquiring an additional 993 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in shares of Informatica during the second quarter valued at about $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 during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the company’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 $268,295.76. Following the completion of the transaction, the chief accounting officer now owns 142,671 shares in the company, valued at approximately $3,817,875.96. This represents a 6.57 % decrease in their ownership of the stock. 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 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 sale, the executive vice president now owns 393,686 shares in the company, valued at $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 Stock Up 0.5 %

Informatica stock opened at $26.52 on Monday. The business’s 50-day moving average price is $25.91 and its 200 day moving average price is $26.54. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 126.29, a price-to-earnings-growth ratio of 5.64 and a beta of 1.04. 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 initiated a stock buyback plan on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Informatica from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. UBS Group boosted their price target on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Guggenheim restated a “buy” rating on shares of Informatica in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.20.

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.