Versor Investments LP, a hedge fund, has recently purchased a new stake in Informatica Inc. during the third quarter, according to the company’s 13F filing with the Securities & Exchange Commission. The firm acquired 11,800 shares of Informatica’s stock, valued at approximately $298,000. Other hedge funds and institutional investors, including First Horizon Advisors Inc., Summit Securities Group LLC, Amalgamated Bank, New York State Teachers Retirement System, and CIBC Asset Management Inc., have also made changes to their positions in the company.
Several Wall Street analysts have weighed in on Informatica’s stock. JPMorgan Chase & Co. reduced their price target from $38.00 to $34.00 and rated the stock as “overweight.” The Goldman Sachs Group lowered their target price from $44.00 to $38.00 and maintained a “buy” rating. Guggenheim reiterated a “buy” rating, while Royal Bank of Canada reaffirmed an “outperform” rating with a target price of $35.00. Deutsche Bank Aktiengesellschaft also reduced their target price from $39.00 to $36.00 and maintained a “buy” rating. Overall, Informatica currently holds an average rating of “Moderate Buy” with a consensus target price of $33.20, according to data from MarketBeat.
Informatica’s stock opened at $24.79 on Friday, experiencing a 1.9% decline. The company has a 12-month low of $22.08 and a 12-month high of $39.80, with a market capitalization of $7.51 billion. It has a price-to-earnings ratio of 118.05 and a beta of 1.04. Informatica’s debt-to-equity ratio stands at 0.75, with a current ratio and quick ratio of 2.17. The stock’s fifty-day moving average price is $25.72, while the 200-day moving average price is $26.85.
Informatica’s Board of Directors recently initiated a share buyback program, allowing the company to repurchase $400.00 million in shares. This move suggests that the board believes the company’s shares are undervalued.
In terms of insider trading, EVP John Arthur Schweitzer sold 8,501 shares of Informatica stock on October 15th, with an average price of $26.76. Following the sale, Schweitzer now holds 393,686 shares valued at $10,535,037.36. Additionally, CAO Mark Pellowski sold 10,026 shares on the same day, at an average price of $26.76. Pellowski now owns 142,671 shares valued at $3,817,875.96.
Informatica Inc. develops an AI-powered platform that connects, manages, and unifies data across various systems. Its suite of data management products includes data integration, API and application integration, data quality and observability, and master data management. The company aims to provide accurate, complete, and consistent data for enterprises worldwide.