Victory Capital Management Inc. Has $430,000 Stock Position in Informatica Inc. (NYSE:INFA)

Victory Capital Management Inc. reduced its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 56.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,028 shares of the technology company's stock after selling 21,984 shares during the period. Victory Capital Management Inc.'s holdings in Informatica were worth $430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. California State Teachers Retirement System increased its holdings in shares of Informatica by 23.7% in the first quarter. California State Teachers Retirement System now owns 49,019 shares of the technology company's stock valued at $1,716,000 after buying an additional 9,406 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Informatica by 24.1% in the 1st quarter. Tidal Investments LLC now owns 9,157 shares of the technology company's stock valued at $320,000 after purchasing an additional 1,778 shares during the period. CWM LLC increased its stake in Informatica by 193.2% in the 2nd quarter. CWM LLC now owns 31,410 shares of the technology company's stock worth $970,000 after purchasing an additional 20,699 shares in the last quarter. Linden Thomas Advisory Services LLC acquired a new stake in Informatica during the 2nd quarter worth about $1,595,000. Finally, Renaissance Capital LLC boosted its holdings in shares of Informatica by 101.1% in the second quarter. Renaissance Capital LLC now owns 57,377 shares of the technology company's stock worth $1,772,000 after buying an additional 28,851 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Informatica Stock Performance

Shares of NYSE INFA traded up $0.13 during trading hours on Friday, reaching $26.52. The stock had a trading volume of 971,736 shares, compared to its average volume of 1,745,827. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 126.36, a PEG ratio of 5.62 and a beta of 1.04. Informatica Inc. has a twelve month low of $22.08 and a twelve month high of $39.80. The business's fifty day moving average is $25.91 and its two-hundred day moving average is $26.59. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica declared that its board has authorized a stock repurchase program on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 5.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on INFA. Guggenheim reaffirmed a "buy" rating on shares of Informatica in a research report on Friday, October 18th. JPMorgan Chase & Co. reduced their price target on shares of Informatica from $38.00 to $34.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Finally, UBS Group boosted their price target on shares of Informatica from $27.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Informatica has an average rating of "Moderate Buy" and a consensus price target of $33.20.

Insiders Place Their Bets

In other news, CAO Mark Pellowski sold 10,026 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the transaction, the chief accounting officer now directly owns 142,671 shares of the company's stock, valued at $3,817,875.96. The trade was a 6.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the sale, the executive vice president now owns 393,686 shares in the company, valued at approximately $10,535,037.36. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 48.10% 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.