Allspring Global Investments Holdings LLC Acquires 42,094 Shares of Teradata Co. (NYSE:TDC)

Allspring Global Investments Holdings LLC increased its position in Teradata Co. (NYSE:TDC - Free Report) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 596,845 shares of the technology company's stock after acquiring an additional 42,094 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.62% of Teradata worth $18,108,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. M&G Plc increased its stake in Teradata by 2,920.3% during the 2nd quarter. M&G Plc now owns 1,183,683 shares of the technology company's stock valued at $41,429,000 after buying an additional 1,144,492 shares during the period. AQR Capital Management LLC lifted its position in Teradata by 60.9% in the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company's stock worth $73,827,000 after purchasing an additional 808,691 shares during the period. Ariel Investments LLC bought a new position in Teradata during the 1st quarter valued at $30,998,000. Lynrock Lake LP increased its position in shares of Teradata by 9.9% during the 2nd quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company's stock valued at $230,400,000 after purchasing an additional 600,000 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Teradata by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 11,841,180 shares of the technology company's stock worth $457,898,000 after buying an additional 377,761 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the transaction, the insider now owns 96,783 shares of the company's stock, valued at approximately $2,758,315.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Teradata 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 transaction of $411,903.86. Following the completion of the transaction, the insider now owns 121,382 shares of the company's stock, valued at $3,341,646.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of the company's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the sale, the insider now owns 96,783 shares of the company's stock, valued at $2,758,315.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

Teradata Stock Up 0.6 %

NYSE TDC traded up $0.19 on Friday, reaching $31.98. The stock had a trading volume of 371,002 shares, compared to its average volume of 937,725. Teradata Co. has a 1 year low of $24.02 and a 1 year high of $49.44. The business has a 50 day moving average price of $29.40 and a 200 day moving average price of $31.99. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 50.46, a P/E/G ratio of 2.97 and a beta of 0.80.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.16. The firm had revenue of $436.00 million for the quarter, compared to the consensus estimate of $447.30 million. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The firm's revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. On average, analysts forecast that Teradata Co. will post 1.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TDC has been the topic of a number of research analyst reports. StockNews.com raised Teradata from a "buy" rating to a "strong-buy" rating in a report on Tuesday, August 6th. UBS Group started coverage on shares of Teradata in a research note on Friday, July 19th. They set a "sell" rating and a $32.00 target price for the company. Evercore ISI lifted their price target on shares of Teradata from $34.00 to $37.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 15th. Morgan Stanley cut their price objective on Teradata from $44.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 6th. Finally, JMP Securities cut Teradata from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $40.64.

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.