Jacobs Levy Equity Management Inc. Sells 50,941 Shares of Teradata Co. (NYSE:TDC)

Jacobs Levy Equity Management Inc. lessened its holdings in Teradata Co. (NYSE:TDC) by 6.0% during the third quarter, HoldingsChannel.com reports. The fund owned 791,144 shares of the technology company’s stock after selling 50,941 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Teradata were worth $24,003,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its position in Teradata by 2.9% during the 3rd quarter. Janus Henderson Group PLC now owns 46,821 shares of the technology company’s stock worth $1,420,000 after purchasing an additional 1,308 shares in the last quarter. Holocene Advisors LP grew its stake in shares of Teradata by 58.2% during the third quarter. Holocene Advisors LP now owns 106,321 shares of the technology company’s stock worth $3,226,000 after buying an additional 39,104 shares during the last quarter. ClearAlpha Technologies LP acquired a new position in shares of Teradata during the third quarter worth $277,000. Kestra Investment Management LLC bought a new position in shares of Teradata in the 3rd quarter valued at $595,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Teradata during the 3rd quarter valued at $103,000. Institutional investors and hedge funds own 90.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TDC. Morgan Stanley dropped their target price 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 shares of Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 target price on shares of Teradata in a report on Tuesday, November 5th. JMP Securities downgraded shares of Teradata from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Finally, Barclays reduced their price objective on shares of Teradata from $30.00 to $29.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.91.

Insider Transactions at Teradata

In related news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the sale, the insider now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.86% of the company’s stock.

Teradata Price Performance

Shares of NYSE:TDC opened at $31.69 on Wednesday. Teradata Co. has a twelve month low of $24.02 and a twelve month high of $49.44. The stock’s 50 day moving average is $30.80 and its 200-day moving average is $30.89. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 37.73, a PEG ratio of 3.09 and a beta of 0.79.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, beating 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 business had revenue of $440.00 million for the quarter, compared to analysts’ expectations of $417.71 million. During the same quarter last year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Sell-side analysts forecast that Teradata Co. will post 1.41 EPS for the current fiscal year.

Teradata 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.