Massachusetts Financial Services Co. MA Acquires 1,004 Shares of Teradata Co. (NYSE:TDC)

Massachusetts Financial Services Co. MA raised its holdings in Teradata Co. (NYSE:TDC) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,802 shares of the technology company’s stock after purchasing an additional 1,004 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Teradata were worth $570,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in Teradata during the 2nd quarter worth about $26,000. GAMMA Investing LLC lifted its position in shares of Teradata by 88.0% during the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after purchasing an additional 447 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Teradata by 111.4% in the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after purchasing an additional 507 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Teradata by 75.2% in the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after purchasing an additional 569 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in Teradata by 2,934.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock worth $44,000 after purchasing an additional 1,291 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Teradata Stock Down 1.1 %

Shares of Teradata stock opened at $30.93 on Thursday. The company has a market capitalization of $2.96 billion, a P/E ratio of 36.82, a price-to-earnings-growth ratio of 3.06 and a beta of 0.80. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. The business has a 50-day moving average of $30.64 and a two-hundred day moving average of $30.98. Teradata Co. has a 1 year low of $24.02 and a 1 year high of $49.44.

Teradata (NYSE:TDC) last posted its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.13. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The business had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. During the same period in the prior year, the business earned $0.14 EPS. Teradata’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities analysts predict that Teradata Co. will post 1.41 EPS for the current year.

Insider Activity at Teradata

In related news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total value of $411,903.86. Following the sale, the insider now owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. This trade represents a 10.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on TDC. UBS Group lifted their target price on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Morgan Stanley cut their target price on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. Evercore ISI lifted their price target on shares of Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. TD Cowen cut their price objective on shares of Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 target price on shares of Teradata in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.91.

Teradata Company 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.