Penserra Capital Management LLC Trims Stake in Teradata Co. (NYSE:TDC)

Penserra Capital Management LLC lessened its stake in Teradata Co. (NYSE:TDC) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,675 shares of the technology company’s stock after selling 2,333 shares during the period. Penserra Capital Management LLC’s holdings in Teradata were worth $3,903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TDC. M&G Plc boosted its holdings in Teradata by 2,920.3% during the second quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock worth $41,429,000 after buying an additional 1,144,492 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Teradata by 60.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock valued at $73,827,000 after acquiring an additional 808,691 shares during the period. Lynrock Lake LP grew its position 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 valued at $230,400,000 after acquiring an additional 600,000 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of 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 purchasing an additional 396,584 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Teradata by 21.7% during the third 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 in the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Teradata Stock Up 1.4 %

NYSE TDC opened at $31.13 on Tuesday. The business’s fifty day simple moving average is $30.59 and its 200-day simple moving average is $30.99. 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 cap of $2.98 billion, a PE ratio of 37.06, a P/E/G ratio of 3.02 and a beta of 0.80. Teradata Co. has a 52 week low of $24.02 and a 52 week high of $49.44.

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

Insiders Place Their Bets

In other news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction 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 transaction, the insider now directly owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 10.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the sale, the insider now owns 96,783 shares in the company, valued at approximately $2,758,315.50. This trade represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TDC. UBS Group increased their target price on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Evercore ISI lifted their target price on shares of Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Northland Securities reduced their price target on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Barclays cut their price objective on Teradata from $30.00 to $29.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Finally, JMP Securities downgraded Teradata from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.