Teradata Co. (NYSE:TDC) Shares Sold by Redwood Investment Management LLC

Redwood Investment Management LLC decreased its position in shares of Teradata Co. (NYSE:TDC - Free Report) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 120,727 shares of the technology company's stock after selling 16,338 shares during the quarter. Redwood Investment Management LLC owned approximately 0.13% of Teradata worth $3,664,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new position in shares of Teradata during the second quarter worth about $26,000. Point72 Asset Management L.P. purchased a new position in shares of Teradata during the third quarter worth about $27,000. GAMMA Investing LLC grew 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 buying an additional 447 shares during the last quarter. Hexagon Capital Partners LLC grew 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 buying an additional 507 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Teradata during the third quarter worth about $32,000. Hedge funds and other institutional investors own 90.31% of the company's stock.

Teradata Price Performance

Shares of TDC stock traded up $0.48 during midday trading on Thursday, reaching $32.31. 1,392,071 shares of the company traded hands, compared to its average volume of 939,649. The firm's 50 day simple moving average is $30.90 and its two-hundred day simple moving average is $30.89. Teradata Co. has a 1-year low of $24.02 and a 1-year high of $49.44. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. The firm has a market cap of $3.09 billion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 3.11 and a beta of 0.79.

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, beating analysts' consensus estimates of $0.56 by $0.13. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The company had revenue of $440.00 million during the quarter, compared to the consensus estimate of $417.71 million. During the same period last year, the firm earned $0.14 EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts expect that Teradata Co. will post 1.41 EPS for the current fiscal year.

Insider Activity

In related news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction that occurred 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 transaction, the insider now directly owns 121,382 shares in the company, valued at $3,341,646.46. The trade was a 10.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TDC. Northland Securities lowered their price target on Teradata from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. UBS Group raised their price target on Teradata from $24.00 to $26.00 and gave the stock a "sell" rating in a report on Tuesday, November 5th. Barclays lowered their price target on Teradata from $30.00 to $29.00 and set an "underweight" rating on the stock in a report on Tuesday, November 5th. Evercore ISI raised their price target on Teradata from $34.00 to $37.00 and gave the stock an "outperform" rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada reissued 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 given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Teradata presently has an average rating of "Hold" and an average target price of $39.91.

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.