Renaissance Technologies LLC Grows Stake in Teradata Co. (NYSE:TDC)

Renaissance Technologies LLC boosted its stake in Teradata Co. (NYSE:TDC) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,619,857 shares of the technology company’s stock after buying an additional 56,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Teradata were worth $55,982,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Teradata in the fourth quarter valued at approximately $54,332,000. Russell Investments Group Ltd. boosted its stake in Teradata by 61.5% during the 1st quarter. Russell Investments Group Ltd. now owns 125,369 shares of the technology company’s stock worth $4,848,000 after purchasing an additional 47,741 shares during the last quarter. Redwood Investment Management LLC raised its position in shares of Teradata by 295.6% in the fourth quarter. Redwood Investment Management LLC now owns 138,867 shares of the technology company’s stock valued at $6,042,000 after buying an additional 103,761 shares during the last quarter. Norden Group LLC raised its position in shares of Teradata by 2,129.9% in the first quarter. Norden Group LLC now owns 112,008 shares of the technology company’s stock valued at $4,331,000 after buying an additional 106,985 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Teradata by 114.7% in the second quarter. SG Americas Securities LLC now owns 56,346 shares of the technology company’s stock worth $1,947,000 after buying an additional 30,096 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the completion of the transaction, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.50, for a total value of $156,750.00. Following the completion of the transaction, the insider now owns 96,783 shares in the company, valued at approximately $2,758,315.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction of $411,903.86. Following the sale, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

Teradata Stock Performance

Shares of TDC stock opened at $28.83 on Wednesday. Teradata Co. has a one year low of $24.02 and a one year high of $49.44. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.72 and a current ratio of 0.75. The firm’s 50 day moving average price is $29.44 and its 200-day moving average price is $33.42. The firm has a market cap of $2.79 billion, a P/E ratio of 68.81, a P/E/G ratio of 2.58 and a beta of 0.80.

Teradata (NYSE:TDC) last released its quarterly earnings results on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.48 by $0.16. The business had revenue of $436.00 million during the quarter, compared to analyst estimates of $447.30 million. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the business posted $0.20 earnings per share. As a group, equities research analysts predict that Teradata Co. will post 1.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on TDC shares. Guggenheim reiterated a “buy” rating and issued a $60.00 price objective on shares of Teradata in a report on Tuesday, June 25th. JMP Securities cut Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Northland Securities lowered their price objective on Teradata from $49.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. UBS Group initiated coverage on Teradata in a report on Friday, July 19th. They set a “sell” rating and a $32.00 price target on the stock. Finally, Morgan Stanley dropped their price objective on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Teradata currently has a consensus rating of “Hold” and a consensus price target of $40.36.

Teradata Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.