Informatica Inc. (NYSE:INFA) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in Informatica Inc. (NYSE:INFA) by 33.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,859 shares of the technology company’s stock after buying an additional 4,259 shares during the quarter. Victory Capital Management Inc.’s holdings in Informatica were worth $479,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Informatica by 37.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,470 shares of the technology company’s stock worth $3,761,000 after buying an additional 35,788 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Informatica by 1.0% in the third quarter. Vanguard Group Inc. now owns 4,209,875 shares of the technology company’s stock valued at $88,702,000 after purchasing an additional 42,582 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Informatica by 73.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,075 shares of the technology company’s stock valued at $314,000 after purchasing an additional 4,685 shares in the last quarter. Tudor Investment Corp Et Al increased its stake in Informatica by 34.0% in the third quarter. Tudor Investment Corp Et Al now owns 183,227 shares of the technology company’s stock valued at $3,861,000 after purchasing an additional 46,520 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Informatica during the fourth quarter worth approximately $39,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on INFA. UBS Group increased their target price on shares of Informatica from $27.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Robert W. Baird began coverage on Informatica in a report on Tuesday, April 2nd. They issued an “outperform” rating and a $43.00 target price for the company. Wells Fargo & Company decreased their target price on Informatica from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, April 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price target on shares of Informatica in a research report on Thursday. Finally, The Goldman Sachs Group raised Informatica from a “neutral” rating to a “buy” rating and increased their price objective for the company from $26.00 to $44.00 in a report on Friday, February 16th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Informatica currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.45.

Informatica Stock Up 0.1 %

Shares of Informatica stock opened at $29.90 on Friday. Informatica Inc. has a one year low of $16.48 and a one year high of $39.80. The company has a market cap of $8.82 billion, a P/E ratio of -1,495.00, a PEG ratio of 7.62 and a beta of 1.12. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a fifty day moving average of $33.24 and a two-hundred day moving average of $30.42.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Informatica had a net margin of 0.03% and a return on equity of 5.31%. The firm had revenue of $388.61 million during the quarter, compared to analyst estimates of $384.97 million. On average, analysts forecast that Informatica Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total value of $321,233.04. Following the completion of the sale, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at $4,836,021.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total transaction of $321,233.04. Following the completion of the sale, the chief accounting officer now directly owns 150,937 shares in the company, valued at approximately $4,836,021.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John Arthur Schweitzer sold 5,952 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $33.87, for a total value of $201,594.24. Following the completion of the sale, the executive vice president now owns 490,902 shares in the company, valued at approximately $16,626,850.74. The disclosure for this sale can be found here. Insiders have sold 157,604 shares of company stock valued at $5,323,297 over the last quarter. Company insiders own 48.10% of the company’s stock.

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.