Fmr LLC Increases Position in Teradata Co. (NYSE:TDC)

Fmr LLC boosted its holdings in shares of Teradata Co. (NYSE:TDC) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,932,741 shares of the technology company’s stock after purchasing an additional 51,080 shares during the quarter. Fmr LLC’s holdings in Teradata were worth $58,639,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TDC. M&G Plc lifted its position in shares of Teradata by 2,920.3% during the 2nd quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock valued at $41,429,000 after buying an additional 1,144,492 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Teradata by 60.9% during the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock valued at $73,827,000 after purchasing an additional 808,691 shares in the last quarter. Lynrock Lake LP grew its position in shares of Teradata by 9.9% in the second quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock valued at $230,400,000 after purchasing an additional 600,000 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Teradata by 828.5% during the third quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company’s stock worth $13,485,000 after purchasing an additional 396,584 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Teradata by 21.7% during the 3rd quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock worth $62,843,000 after purchasing an additional 369,123 shares during the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TDC shares. UBS Group boosted their price objective on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Evercore ISI raised their price objective on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Barclays lifted their target price on shares of Teradata from $29.00 to $30.00 and gave the stock an “underweight” rating in a research note on Friday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 target price on shares of Teradata in a research report on Tuesday, November 5th. Finally, Northland Securities lowered their price target on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.00.

Teradata Stock Performance

NYSE:TDC opened at $32.11 on Friday. The company’s 50-day moving average is $30.98 and its two-hundred day moving average is $30.89. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 3.11 and a beta of 0.79. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. Teradata Co. has a 1-year low of $24.02 and a 1-year high of $49.44.

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

Insider Buying and Selling

In related news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.92% of the company’s stock.

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.