Victory Capital Management Inc. Has $534,000 Stock Position in Informatica Inc. (NYSE:INFA)

Victory Capital Management Inc. boosted its position in shares of Informatica Inc. (NYSE:INFA) by 21.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,603 shares of the technology company’s stock after purchasing an additional 3,575 shares during the period. Victory Capital Management Inc.’s holdings in Informatica were worth $534,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in Informatica during the fourth quarter valued at $32,000. Quarry LP acquired a new stake in Informatica during the third quarter valued at $38,000. National Bank of Canada FI boosted its position in Informatica by 3,288.0% during the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,644 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Informatica during the fourth quarter valued at $54,000. Finally, KBC Group NV boosted its position in Informatica by 69.4% during the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after purchasing an additional 1,325 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the sale, the executive vice president now directly owns 328,799 shares in the company, valued at approximately $5,977,565.82. This represents a 3.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 48.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on INFA shares. Guggenheim reaffirmed a “buy” rating and issued a $37.00 price target on shares of Informatica in a research report on Friday, January 31st. UBS Group reduced their price target on Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, February 14th. Cantor Fitzgerald started coverage on Informatica in a research report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target for the company. Wedbush cut Informatica to a “neutral” rating in a research report on Friday, February 14th. Finally, Bank of America cut Informatica from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.67.

Informatica Trading Up 1.0 %

Shares of INFA opened at $18.18 on Friday. Informatica Inc. has a 12-month low of $16.37 and a 12-month high of $39.80. 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 capitalization of $5.50 billion, a price-to-earnings ratio of 606.04, a P/E/G ratio of 4.44 and a beta of 1.04. The stock’s 50-day moving average price is $21.89 and its 200 day moving average price is $24.54.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The firm had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. As a group, research analysts predict that Informatica Inc. will post 0.63 earnings per share for the current year.

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.