Marathon Asset Management Ltd Sells 50,411 Shares of Teradata Co. (NYSE:TDC)

Marathon Asset Management Ltd lessened its holdings in Teradata Co. (NYSE:TDC) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 436,324 shares of the technology company’s stock after selling 50,411 shares during the period. Marathon Asset Management Ltd owned approximately 0.45% of Teradata worth $13,238,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TDC. M&G Plc boosted its holdings 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 acquiring an additional 1,144,492 shares during the period. AQR Capital Management LLC grew its holdings 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 last quarter. Ariel Investments LLC acquired a new position in Teradata during the 1st quarter valued at about $30,998,000. Lynrock Lake LP increased its holdings in shares of Teradata by 9.9% during the second quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock valued at $230,400,000 after acquiring an additional 600,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 377,761 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors.

Teradata Price Performance

Shares of NYSE:TDC opened at $32.34 on Friday. The business has a fifty day simple moving average of $28.86 and a 200-day simple moving average of $32.21. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 6.87. Teradata Co. has a 52 week low of $24.02 and a 52 week high of $49.44. The company has a market cap of $3.11 billion, a P/E ratio of 51.33, a P/E/G ratio of 2.94 and a beta of 0.80.

Teradata (NYSE:TDC) last issued its earnings results on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. The business had revenue of $436.00 million for the quarter, compared to the consensus estimate of $447.30 million. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 EPS. Equities research analysts forecast that Teradata Co. will post 1.3 EPS for the current year.

Insiders Place Their Bets

In other Teradata news, insider Hillary Ashton sold 14,962 shares of the business’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 completion of the transaction, the insider now directly 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 document filed with the SEC, which is available at this hyperlink. In related news, insider Hillary Ashton sold 14,962 shares of the business’s 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of the business’s 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 completion of the sale, the insider now owns 96,783 shares in the company, valued at approximately $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. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TDC has been the topic of several recent research reports. Northland Securities lowered their price target on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. UBS Group initiated coverage on shares of Teradata in a research note on Friday, July 19th. They set a “sell” rating and a $32.00 target price on the stock. Morgan Stanley cut their price target on Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Royal Bank of Canada reduced their target price on shares of Teradata from $40.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 6th. Finally, Barclays lowered their price target on Teradata from $35.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.