Martingale Asset Management L P Cuts Stake in Teradata Co. (NYSE:TDC)

Martingale Asset Management L P reduced its stake in Teradata Co. (NYSE:TDC) by 4.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 33,800 shares of the technology company’s stock after selling 1,556 shares during the quarter. Martingale Asset Management L P’s holdings in Teradata were worth $1,025,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Algert Global LLC boosted its holdings in shares of Teradata by 46.3% in the 3rd quarter. Algert Global LLC now owns 113,106 shares of the technology company’s stock worth $3,432,000 after buying an additional 35,800 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Teradata by 114.7% in the 2nd quarter. SG Americas Securities LLC now owns 56,346 shares of the technology company’s stock worth $1,947,000 after buying an additional 30,096 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Teradata by 21.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock worth $62,843,000 after buying an additional 369,123 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Teradata by 85.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 47,866 shares of the technology company’s stock worth $1,654,000 after buying an additional 22,027 shares during the last quarter. Finally, John G Ullman & Associates Inc. boosted its holdings in shares of Teradata by 46.8% in the 3rd quarter. John G Ullman & Associates Inc. now owns 144,850 shares of the technology company’s stock worth $4,395,000 after buying an additional 46,200 shares during the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Teradata Trading Down 0.1 %

Shares of TDC opened at $30.90 on Monday. The business’s 50-day moving average price is $30.76 and its 200-day moving average price is $30.93. Teradata Co. has a twelve month low of $24.02 and a twelve month high of $49.44. The stock has a market cap of $2.96 billion, a PE 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.

Teradata (NYSE:TDC) last announced its quarterly earnings results 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 firm 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 company’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. On average, equities analysts forecast that Teradata Co. will post 1.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TDC has been the topic of a number of research analyst reports. TD Cowen cut their price target on shares of Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Evercore ISI upped their price objective on shares of Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. StockNews.com raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Barclays dropped their price objective on shares of Teradata from $30.00 to $29.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Finally, Morgan Stanley dropped their price objective 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. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.91.

Insider Buying and Selling

In related news, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 10.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.92% of the stock is owned by company insiders.

Teradata Company 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.