Teradata Co. (NYSE:TDC) Shares Acquired by Allworth Financial LP

Allworth Financial LP lifted its position in Teradata Co. (NYSE:TDC) by 75.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,326 shares of the technology company’s stock after acquiring an additional 569 shares during the period. Allworth Financial LP’s holdings in Teradata were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in TDC. M&G Plc increased its position in shares of Teradata by 2,920.3% in the 2nd quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock valued at $41,429,000 after acquiring an additional 1,144,492 shares during the period. AQR Capital Management LLC increased its position in shares of Teradata by 60.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock valued at $73,827,000 after acquiring an additional 808,691 shares during the period. Ariel Investments LLC acquired a new position in shares of Teradata in the 1st quarter valued at $30,998,000. Lynrock Lake LP increased its position in shares of Teradata by 9.9% in the 2nd quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock valued at $230,400,000 after acquiring an additional 600,000 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Teradata by 828.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company’s stock valued at $13,485,000 after acquiring an additional 396,584 shares during the period. 90.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on TDC. TD Cowen cut their target price on Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. UBS Group started coverage on Teradata in a research report on Friday, July 19th. They set a “sell” rating and a $32.00 price target on the stock. StockNews.com raised Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Barclays cut their price target on Teradata from $35.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada cut their price target on Teradata from $40.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.64.

Teradata Trading Up 3.1 %

TDC stock opened at $33.23 on Friday. The company’s 50-day simple moving average is $29.96 and its 200-day simple moving average is $31.78. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 6.87. Teradata Co. has a 52-week low of $24.02 and a 52-week high of $49.44. The firm has a market cap of $3.19 billion, a P/E ratio of 52.75, a PEG ratio of 3.01 and a beta of 0.80.

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

Insider Activity at Teradata

In related news, insider Margaret A. Treese sold 5,500 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the transaction, the insider now directly owns 96,783 shares of the company’s stock, valued at approximately $2,758,315.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Teradata news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction dated 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 sale, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the sale, the insider now owns 96,783 shares of the company’s stock, valued at approximately $2,758,315.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

About Teradata

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.