Kestra Investment Management LLC purchased a new position in Teradata Co. (NYSE:TDC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,596 shares of the technology company's stock, valued at approximately $595,000.
Several other hedge funds have also recently made changes to their positions in TDC. Crewe Advisors LLC bought a new stake in shares of Teradata in the second quarter worth about $26,000. GAMMA Investing LLC increased its stake in 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 last quarter. Brooklyn Investment Group purchased a new stake in Teradata during the third quarter valued at approximately $32,000. Hexagon Capital Partners LLC lifted its stake 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 valued at $33,000 after purchasing an additional 507 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of Teradata by 75.2% during the 3rd quarter. Allworth Financial LP now owns 1,326 shares of the technology company's stock valued at $40,000 after purchasing an additional 569 shares during the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.
Teradata Stock Performance
Shares of TDC traded up $0.57 during trading hours on Monday, reaching $31.47. 385,002 shares of the company traded hands, compared to its average volume of 936,269. The stock has a market capitalization of $3.01 billion, a P/E ratio of 36.79, a P/E/G 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. The business has a fifty day moving average price of $30.76 and a 200-day moving average price of $30.91. Teradata Co. has a 12-month low of $24.02 and a 12-month high of $49.44.
Teradata (NYSE:TDC - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.13. The company 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 revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm posted $0.14 EPS. Equities analysts anticipate that Teradata Co. will post 1.41 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
TDC has been the subject of several recent analyst reports. StockNews.com upgraded Teradata from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, August 6th. JMP Securities downgraded Teradata from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 6th. TD Cowen decreased their target price on Teradata from $37.00 to $29.00 and set a "hold" rating for the company in a research report on Tuesday, August 6th. UBS Group upped their price target on shares of Teradata from $24.00 to $26.00 and gave the stock a "sell" rating in a report on Tuesday, November 5th. Finally, Barclays decreased their price objective on shares of Teradata from $30.00 to $29.00 and set an "underweight" rating for the company in a report on Tuesday, November 5th. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $39.91.
View Our Latest Analysis on TDC
Insider Transactions at Teradata
In related news, insider Hillary Ashton sold 14,962 shares of the business'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 of the company's stock, valued at approximately $3,341,646.46. The trade was a 10.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.92% of the company's stock.
About Teradata
(
Free Report)
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.
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