Teradata Co. (NYSE:TDC) Shares Sold by 272 Capital LP

272 Capital LP cut its position in Teradata Co. (NYSE:TDC) by 88.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,300 shares of the technology company’s stock after selling 88,603 shares during the period. 272 Capital LP’s holdings in Teradata were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TDC. Crossmark Global Holdings Inc. boosted its position in Teradata by 4.6% in the third quarter. Crossmark Global Holdings Inc. now owns 7,228 shares of the technology company’s stock valued at $219,000 after buying an additional 315 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Teradata by 3.4% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,716 shares of the technology company’s stock valued at $370,000 after acquiring an additional 351 shares during the period. Arizona State Retirement System boosted its position in Teradata by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 27,268 shares of the technology company’s stock worth $942,000 after purchasing an additional 390 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Teradata by 2.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,949 shares of the technology company’s stock worth $636,000 after purchasing an additional 434 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of 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 in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group raised 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. TD Cowen dropped their target price on Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Northland Securities lowered their price target on Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Finally, Evercore ISI increased their target price on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Three research 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 company. Based on data from MarketBeat.com, Teradata presently has a consensus rating of “Hold” and an average price target of $39.91.

Teradata Price Performance

Teradata stock opened at $30.90 on Friday. The company has a fifty day simple moving average of $30.76 and a 200-day simple moving average of $30.95. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 36.79, a PEG ratio of 3.04 and a beta of 0.80. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01. Teradata Co. has a 52-week low of $24.02 and a 52-week high of $49.44.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) 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 company had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. During the same quarter in the prior year, the company earned $0.14 EPS. Teradata’s revenue was up .5% compared to the same quarter last year. On average, equities analysts anticipate that Teradata Co. will post 1.41 EPS for the current fiscal year.

Insider Activity at Teradata

In other Teradata news, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction on 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.92% of the company’s stock.

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.