272 Capital LP Reduces Position in Teradata Co. (NYSE:TDC)

272 Capital LP decreased its holdings in Teradata Co. (NYSE:TDC - Free Report) by 88.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Algert Global LLC increased its position in Teradata by 46.3% during the third 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 during the last quarter. SG Americas Securities LLC grew its holdings in Teradata by 114.7% during the 2nd 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 during the last quarter. Pacer Advisors Inc. raised its position in Teradata by 21.7% in the 3rd 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 during the period. Assenagon Asset Management S.A. lifted its stake in Teradata by 85.2% in the second quarter. Assenagon Asset Management S.A. now owns 47,866 shares of the technology company's stock worth $1,654,000 after purchasing an additional 22,027 shares during the last quarter. Finally, John G Ullman & Associates Inc. boosted its position 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 during the period. Hedge funds and other institutional investors own 90.31% of the company's stock.

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 sale, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 10.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.92% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. UBS Group raised their price target on Teradata from $24.00 to $26.00 and gave the stock a "sell" rating in a research note on Tuesday, November 5th. Northland Securities lowered their target price on shares of Teradata from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. StockNews.com raised shares of Teradata from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, August 6th. JMP Securities lowered shares of Teradata from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 6th. Finally, TD Cowen dropped their target price on shares of Teradata from $37.00 to $29.00 and set a "hold" rating on the stock in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $39.91.

Teradata Stock Down 0.1 %

Shares of NYSE TDC traded down $0.03 during midday trading on Friday, reaching $30.90. 267,193 shares of the company's stock traded hands, compared to its average volume of 1,012,987. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 36.79, a P/E/G ratio of 3.04 and a beta of 0.80. Teradata Co. has a one year low of $24.02 and a one year high of $49.44. 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 stock's 50 day simple moving average is $30.76 and its 200-day simple moving average is $30.93.

Teradata (NYSE:TDC - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.13. The business had revenue of $440.00 million for the quarter, compared to the consensus estimate of $417.71 million. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The business's revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $0.14 EPS. On average, analysts predict that Teradata Co. will post 1.41 EPS for the current fiscal year.

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.