Victory Capital Management Inc. Has $1.21 Million Stake in Informatica Inc. (NYSE:INFA)

Victory Capital Management Inc. trimmed its position in shares of Informatica Inc. (NYSE:INFA) by 55.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,012 shares of the technology company’s stock after selling 48,999 shares during the quarter. Victory Capital Management Inc.’s holdings in Informatica were worth $1,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new stake in Informatica in the 2nd quarter worth approximately $32,000. ORG Partners LLC acquired a new stake in Informatica in the 1st quarter worth approximately $43,000. Summit Securities Group LLC acquired a new stake in Informatica in the 2nd quarter worth approximately $46,000. Quarry LP lifted its holdings in Informatica by 186.9% in the 4th quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after purchasing an additional 1,482 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Informatica in the 2nd quarter worth approximately $216,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Informatica Stock Performance

INFA opened at $25.51 on Friday. The stock has a market cap of $7.53 billion, a PE ratio of -1,275.50, a P/E/G ratio of 5.14 and a beta of 1.06. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. Informatica Inc. has a 1 year low of $18.71 and a 1 year high of $39.80. The stock’s 50 day simple moving average is $24.61 and its 200-day simple moving average is $29.35.

Informatica (NYSE:INFA) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $400.63 million for the quarter, compared to analysts’ expectations of $402.97 million. Informatica had a return on equity of 6.16% and a net margin of 9.60%. Informatica’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 earnings per share. Sell-side analysts forecast that Informatica Inc. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

INFA has been the subject of several analyst reports. Citigroup reduced their target price on Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Robert W. Baird reduced their target price on Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft dropped their price target on Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. UBS Group dropped their price target on Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Finally, Scotiabank dropped their price target on Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Informatica currently has an average rating of “Moderate Buy” and an average price target of $32.55.

Insider Activity

In other news, EVP John Arthur Schweitzer sold 64,501 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the sale, the executive vice president now directly owns 437,348 shares in the company, valued at $12,324,466.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP John Arthur Schweitzer sold 64,501 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $28.18, for a total value of $1,817,638.18. Following the sale, the executive vice president now owns 437,348 shares of the company’s stock, valued at approximately $12,324,466.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $27.74, for a total value of $278,121.24. Following the completion of the sale, the chief accounting officer now directly owns 146,804 shares in the company, valued at approximately $4,072,342.96. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by company insiders.

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.