Pacer Advisors Inc. Acquires 369,123 Shares of Teradata Co. (NYSE:TDC)

Pacer Advisors Inc. raised its stake in Teradata Co. (NYSE:TDC - Free Report) by 21.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,071,302 shares of the technology company's stock after buying an additional 369,123 shares during the period. Pacer Advisors Inc. owned about 2.16% of Teradata worth $62,843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. M&G Plc boosted its stake in Teradata by 2,920.3% in the second quarter. M&G Plc now owns 1,183,683 shares of the technology company's stock worth $41,429,000 after buying an additional 1,144,492 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Teradata by 60.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company's stock valued at $73,827,000 after purchasing an additional 808,691 shares in the last quarter. Lynrock Lake LP grew its holdings 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 last quarter. Assenagon Asset Management S.A. raised its position in Teradata by 828.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company's stock worth $13,485,000 after purchasing an additional 396,584 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Teradata by 3.3% in the first quarter. Vanguard Group Inc. now owns 11,841,180 shares of the technology company's stock worth $457,898,000 after purchasing an additional 377,761 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TDC shares. Barclays reduced their price objective on Teradata from $30.00 to $29.00 and set an "underweight" rating on the stock in a research note on Tuesday, November 5th. Northland Securities decreased their price target on Teradata from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note 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. Morgan Stanley cut their target price on shares of Teradata from $44.00 to $30.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 6th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $32.00 price target on shares of Teradata in a report on Tuesday, November 5th. Three 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 issued a strong buy rating to the company's stock. According to MarketBeat, Teradata presently has a consensus rating of "Hold" and an average target price of $39.91.

Teradata Trading Up 1.1 %

NYSE TDC traded up $0.33 during trading on Friday, hitting $30.70. The company had a trading volume of 706,614 shares, compared to its average volume of 944,733. The company's fifty day moving average is $30.54 and its 200-day moving average is $31.03. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 2.90 and a beta of 0.80. 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 Co. has a one year low of $24.02 and a one year high of $49.44.

Teradata (NYSE:TDC - Get Free Report) last posted 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 business had revenue of $440.00 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. On average, sell-side analysts predict that Teradata Co. will post 1.41 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 value of $156,750.00. Following the transaction, the insider now owns 96,783 shares in the company, valued at $2,758,315.50. The trade was a 5.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Hillary Ashton sold 14,962 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the sale, the insider now owns 121,382 shares of the company's stock, valued at approximately $3,341,646.46. This represents a 10.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.

Teradata 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.