ING Groep NV Grows Stake in Teradata Co. (NYSE:TDC)

ING Groep NV grew its position in Teradata Co. (NYSE:TDC) by 238.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,100 shares of the technology company’s stock after buying an additional 48,700 shares during the quarter. ING Groep NV’s holdings in Teradata were worth $2,096,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TDC. Crewe Advisors LLC bought a new stake in shares of Teradata in the second quarter valued at about $26,000. GAMMA Investing LLC increased its position in Teradata by 88.0% during the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after purchasing an additional 447 shares during the period. Hexagon Capital Partners LLC raised its holdings in shares of Teradata by 111.4% in the 2nd 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 lifted its position in shares of Teradata by 75.2% in the 3rd quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock worth $40,000 after purchasing an additional 569 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of 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 period. Institutional investors own 90.31% of the company’s stock.

Teradata Price Performance

Shares of NYSE TDC opened at $28.97 on Friday. Teradata Co. has a fifty-two week low of $24.02 and a fifty-two week high of $49.44. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.79 and a current ratio of 0.80. The company has a market cap of $2.77 billion, a PE ratio of 34.49, a P/E/G ratio of 2.92 and a beta of 0.80. The business has a 50-day simple moving average of $30.33 and a two-hundred day simple moving average of $31.24.

Teradata (NYSE:TDC) last released its earnings results 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 net margin of 4.56% and a return on equity of 145.40%. The company had revenue of $440.00 million for the quarter, compared to the consensus estimate of $417.71 million. During the same quarter in the previous year, the firm earned $0.14 EPS. Teradata’s revenue was up .5% compared to the same quarter last year. As a group, equities analysts expect that Teradata Co. will post 1.41 EPS for the current fiscal year.

Insider Activity

In other news, insider Hillary Ashton sold 14,962 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was 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 directly owns 121,382 shares in the company, valued at $3,341,646.46. This trade represents a 10.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, the insider now directly owns 96,783 shares of the company’s stock, valued at $2,758,315.50. This trade represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JMP Securities lowered shares of Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Morgan Stanley reduced their price target on Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Evercore ISI lifted their target price on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, UBS Group increased their price target on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.91.

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.