Quest Partners LLC Makes New $366,000 Investment in Teradata Co. (NYSE:TDC)

Quest Partners LLC acquired a new stake in Teradata Co. (NYSE:TDC) during the third quarter, HoldingsChannel.com reports. The fund acquired 12,047 shares of the technology company’s stock, valued at approximately $366,000.

A number of other hedge funds have also bought and sold shares of the company. M&G Plc lifted its stake in Teradata by 2,920.3% in the second 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 during the period. AQR Capital Management LLC boosted its position in Teradata by 60.9% in the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock worth $73,827,000 after purchasing an additional 808,691 shares during the last quarter. Lynrock Lake LP increased its stake in shares of Teradata by 9.9% during the 2nd quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock worth $230,400,000 after purchasing an additional 600,000 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in 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. Finally, Vanguard Group Inc. lifted its position in shares of Teradata by 3.3% during the first quarter. Vanguard Group Inc. now owns 11,841,180 shares of the technology company’s stock worth $457,898,000 after acquiring an additional 377,761 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Teradata Stock Up 1.1 %

Shares of Teradata stock opened at $30.70 on Monday. Teradata Co. has a 1 year low of $24.02 and a 1 year high of $49.44. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.98 and a beta of 0.80. The company has a 50-day moving average of $30.54 and a 200 day moving average of $31.00. 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 (NYSE:TDC) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.13. The firm had revenue of $440.00 million for the quarter, compared to analysts’ expectations of $417.71 million. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. As a group, sell-side analysts anticipate that Teradata Co. will post 1.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. TD Cowen dropped their price target on shares of Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. JMP Securities cut shares of Teradata from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. UBS Group increased their target price on shares of Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Finally, Evercore ISI upped their price target on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Teradata presently has an average rating of “Hold” and a consensus price target of $39.91.

Insider Buying and Selling

In related news, insider Margaret A. Treese sold 5,500 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was 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 represents a 5.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Hillary Ashton sold 14,962 shares of the stock in a transaction 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 sale, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 10.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company 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.