Martingale Asset Management L P Has $1.03 Million Stock Holdings in Teradata Co. (NYSE:TDC)

Martingale Asset Management L P cut its holdings in shares of Teradata Co. (NYSE:TDC) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,800 shares of the technology company’s stock after selling 1,556 shares during the period. Martingale Asset Management L P’s holdings in Teradata were worth $1,025,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TDC. Crewe Advisors LLC acquired a new position in shares of Teradata in the 2nd quarter worth approximately $26,000. GAMMA Investing LLC lifted its position in shares of Teradata by 88.0% in the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after purchasing an additional 447 shares during the period. Brooklyn Investment Group acquired a new position in shares of Teradata in the 3rd quarter worth approximately $32,000. Hexagon Capital Partners LLC lifted its position 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 worth $33,000 after purchasing an additional 507 shares during the period. Finally, 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. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Teradata

In other news, insider Hillary Ashton sold 14,962 shares of the company’s 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 completion of the sale, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. This represents a 10.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.92% of the company’s stock.

Teradata Stock Performance

Shares of TDC stock opened at $30.90 on Monday. The firm has a market capitalization of $2.96 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 3.04 and a beta of 0.80. The firm has a fifty day simple moving average of $30.76 and a two-hundred day simple moving average of $30.93. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01. Teradata Co. has a 12 month low of $24.02 and a 12 month high of $49.44.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. The business had revenue of $440.00 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. Analysts forecast that Teradata Co. will post 1.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JMP Securities downgraded shares of Teradata from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Morgan Stanley dropped their price target on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. TD Cowen lowered their price objective on shares of Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of Teradata in a research note on Tuesday, November 5th. Finally, Evercore ISI lifted their price objective on shares of Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.91.

Teradata Company 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.