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

Victory Capital Management Inc. lifted its holdings in Informatica Inc. (NYSE:INFA) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,603 shares of the technology company’s stock after acquiring an additional 3,575 shares during the quarter. Victory Capital Management Inc.’s holdings in Informatica were worth $534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of INFA. Wellington Management Group LLP boosted its holdings in shares of Informatica by 29.9% in the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after acquiring an additional 2,662,379 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Informatica by 826.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock worth $37,519,000 after acquiring an additional 1,324,006 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Informatica by 16.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock worth $209,075,000 after acquiring an additional 1,168,158 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Informatica by 34.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock worth $30,677,000 after acquiring an additional 311,003 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Informatica by 62.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock worth $15,571,000 after acquiring an additional 237,876 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the sale, the executive vice president now directly owns 328,799 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. 48.10% of the stock is owned by company insiders.

Informatica Stock Performance

Shares of INFA stock opened at $18.18 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a market cap of $5.50 billion, a PE ratio of 606.04, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The stock has a 50-day moving average of $21.89 and a 200-day moving average of $24.54. Informatica Inc. has a one year low of $16.37 and a one year high of $39.80.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on INFA. Wedbush downgraded Informatica to a “neutral” rating in a report on Friday, February 14th. Truist Financial reaffirmed a “buy” rating and set a $24.00 price objective (down previously from $34.00) on shares of Informatica in a report on Friday, February 14th. Royal Bank of Canada downgraded Informatica from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $35.00 to $19.00 in a report on Friday, February 14th. Robert W. Baird reaffirmed a “neutral” rating and set a $19.00 price objective (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. Finally, Wells Fargo & Company downgraded Informatica from a “buy” rating to an “equal weight” rating in a report on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $24.67.

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.