Teradata Co. (NYSE:TDC) Stake Trimmed by Redwood Investment Management LLC

Redwood Investment Management LLC cut its position in shares of Teradata Co. (NYSE:TDC) by 11.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,727 shares of the technology company’s stock after selling 16,338 shares during the quarter. Redwood Investment Management LLC owned 0.13% of Teradata worth $3,664,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Algert Global LLC lifted its position in shares of Teradata by 46.3% in the 3rd quarter. Algert Global LLC now owns 113,106 shares of the technology company’s stock valued at $3,432,000 after acquiring an additional 35,800 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Teradata by 114.7% in the second quarter. SG Americas Securities LLC now owns 56,346 shares of the technology company’s stock valued at $1,947,000 after purchasing an additional 30,096 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Teradata by 21.7% in the third quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock worth $62,843,000 after buying an additional 369,123 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Teradata by 85.2% during the second quarter. Assenagon Asset Management S.A. now owns 47,866 shares of the technology company’s stock valued at $1,654,000 after buying an additional 22,027 shares in the last quarter. Finally, John G Ullman & Associates Inc. grew its holdings in shares of Teradata by 46.8% during the third quarter. John G Ullman & Associates Inc. now owns 144,850 shares of the technology company’s stock valued at $4,395,000 after buying an additional 46,200 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Teradata

In other Teradata news, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 121,382 shares in the company, valued at $3,341,646.46. This represents a 10.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.92% of the company’s stock.

Teradata Stock Up 0.4 %

TDC stock opened at $31.83 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01. The firm has a market cap of $3.05 billion, a PE ratio of 37.89, a PEG ratio of 3.11 and a beta of 0.79. Teradata Co. has a 1 year low of $24.02 and a 1 year high of $49.44. The company has a fifty day simple moving average of $30.85 and a 200 day simple moving average of $30.88.

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, topping analysts’ consensus estimates of $0.56 by $0.13. The company had revenue of $440.00 million during 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 quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Sell-side analysts anticipate that Teradata Co. will post 1.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TDC has been the subject of a number of research reports. Barclays decreased their price objective on Teradata from $30.00 to $29.00 and set an “underweight” rating for the company in a research report on Tuesday, November 5th. UBS Group boosted their price objective 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. Northland Securities dropped their price objective on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 target price on shares of Teradata in a research note on Tuesday, November 5th. Finally, Evercore ISI upped their price target on shares of Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.