Jacobs Levy Equity Management Inc. Sells 50,941 Shares of Teradata Co. (NYSE:TDC)

Jacobs Levy Equity Management Inc. lessened its holdings in shares of Teradata Co. (NYSE:TDC - Free Report) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 791,144 shares of the technology company's stock after selling 50,941 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.83% of Teradata worth $24,003,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in Teradata during the second quarter worth approximately $26,000. GAMMA Investing LLC boosted its holdings in shares of Teradata by 88.0% during the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company's stock worth $29,000 after acquiring an additional 447 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Teradata by 111.4% during the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company's stock worth $33,000 after acquiring an additional 507 shares during the period. Brooklyn Investment Group bought a new stake in shares of Teradata during the third quarter worth approximately $32,000. Finally, Allworth Financial LP boosted its holdings in shares of Teradata by 75.2% during the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company's stock worth $40,000 after acquiring an additional 569 shares during the period. Institutional investors and hedge funds own 90.31% of the company's stock.

Insider Activity at Teradata

In related 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on Teradata from $44.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday, August 6th. StockNews.com upgraded Teradata from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, August 6th. Northland Securities cut their price target on Teradata from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. TD Cowen cut their price target on Teradata from $37.00 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, August 6th. Finally, JMP Securities cut Teradata from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Teradata has an average rating of "Hold" and an average target price of $39.91.

Teradata Price Performance

NYSE:TDC traded up $0.30 on Wednesday, hitting $31.99. The company had a trading volume of 245,669 shares, compared to its average volume of 935,504. The firm has a 50 day moving average of $30.85 and a two-hundred day moving average of $30.88. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 3.09 and a beta of 0.79. Teradata Co. has a 52 week low of $24.02 and a 52 week high of $49.44. 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 (NYSE:TDC - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 145.40% and a net margin of 4.56%. Teradata's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. On average, research analysts anticipate that Teradata Co. will post 1.41 earnings per share for the current 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.