Victory Capital Management Inc. Raises Stock 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 stake in Informatica Inc. (NYSE:INFA - Free Report) by 420.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC lifted its stake in shares of Informatica by 540.4% in the 1st 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 during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Informatica in the 4th quarter worth approximately $43,000. Versant Capital Management Inc increased its position in Informatica by 7,053.8% during the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock valued at $32,000 after buying an additional 1,834 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Informatica by 1,545.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock valued at $49,000 after buying an additional 2,642 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of Informatica in the 4th quarter worth $88,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Ansa Sekharan sold 99,348 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $24.15, for a total value of $2,399,254.20. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 48,929 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $24.22, for a total value of $1,185,060.38. Following the completion of the transaction, the executive vice president directly owned 362,637 shares in the company, valued at approximately $8,783,068.14. This trade represents a 11.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 276,205 shares of company stock worth $6,600,164. Company insiders own 2.80% of the company's stock.

Informatica Price Performance

Shares of Informatica stock traded down $0.07 during trading hours on Friday, reaching $24.63. The company's stock had a trading volume of 2,840,693 shares, compared to its average volume of 4,033,919. The firm has a 50 day moving average price of $24.23 and a 200-day moving average price of $21.52. Informatica Inc. has a one year low of $15.65 and a one year high of $28.14. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market cap of $7.45 billion, a P/E ratio of -2,463,000.00, a P/E/G ratio of 5.96 and a beta of 1.15.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on INFA. Scotiabank raised their price target on Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Wolfe Research downgraded Informatica from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. DA Davidson decreased their target price on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group lifted their target price on shares of Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Truist Financial lowered Informatica from a "strong-buy" rating to a "hold" rating and increased their price target for the stock from $24.00 to $25.00 in a research note on Wednesday, May 28th. Fifteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $24.17.

About Informatica

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.