Victory Capital Management Inc. Boosts Holdings in Informatica Inc. (NYSE:INFA)

Key Points

• Victory Capital Management Inc. increased its stake in Informatica Inc. by 420.3% in Q1, now holding shares valued at $1.87 million.
• Institutional investors dominate Informatica stock ownership, holding approximately 98.45% of the company's shares.
• Research analysts maintain an average rating of "Hold" for Informatica, with a price target averaging around $24.46.

Victory Capital Management Inc. increased its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 420.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,198 shares of the technology company's stock after purchasing an additional 86,595 shares during the quarter. Victory Capital Management Inc.'s holdings in Informatica were worth $1,871,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank raised its position in shares of Informatica by 16.9% in the first quarter. Amalgamated Bank now owns 4,089 shares of the technology company's stock valued at $71,000 after purchasing an additional 591 shares during the period. L. Roy Papp & Associates LLP grew its stake in Informatica by 1.9% during the first quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company's stock valued at $889,000 after acquiring an additional 961 shares in the last quarter. Parallel Advisors LLC grew its stake in Informatica by 540.4% during the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock valued at $25,000 after acquiring an additional 1,216 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Informatica during the fourth quarter valued at approximately $43,000. Finally, Versant Capital Management Inc grew its stake in Informatica by 7,053.8% during the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock valued at $32,000 after acquiring an additional 1,834 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Informatica Stock Down 0.3%

Shares of Informatica stock traded down $0.07 during trading on Friday, hitting $24.63. The company's stock had a trading volume of 2,840,694 shares, compared to its average volume of 6,118,433. The company has a market capitalization of $7.45 billion, a PE ratio of -2,463,000.00, a P/E/G ratio of 5.98 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.92 and a current ratio of 1.92. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $28.14. The company has a fifty day simple moving average of $24.27 and a two-hundred day simple moving average of $21.52.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. The business had revenue of $403.90 million during the quarter, compared to analyst estimates of $392.14 million. Informatica had a net margin of 0.12% and a return on equity of 5.89%. Informatica's revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.22 EPS. Equities research analysts predict that Informatica Inc. will post 0.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Scotiabank boosted their price target on shares of Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. UBS Group upped their price objective on shares of Informatica from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. DA Davidson lowered their price target on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Wells Fargo & Company increased their price target on shares of Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Fifteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $24.17.

Insider Buying and Selling

In other news, EVP John Arthur Schweitzer sold 48,929 shares of Informatica stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $24.22, for a total value of $1,185,060.38. Following the completion of the sale, the executive vice president directly owned 362,637 shares in the company, valued at $8,783,068.14. The trade was a 11.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ansa Sekharan sold 99,348 shares of Informatica stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $24.15, for a total transaction of $2,399,254.20. Following the completion of the sale, the executive vice president owned 391,959 shares of the company's stock, valued at $9,465,809.85. This represents a 20.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 276,205 shares of company stock valued at $6,600,164 over the last quarter. Company insiders own 2.80% 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.