Quantbot Technologies LP Takes $1.72 Million Position in Teradata Co. (NYSE:TDC)

Quantbot Technologies LP purchased a new position in shares of Teradata Co. (NYSE:TDC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 56,646 shares of the technology company’s stock, valued at approximately $1,719,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of Teradata by 2.7% during the third quarter. FMR LLC now owns 1,932,741 shares of the technology company’s stock valued at $58,639,000 after acquiring an additional 51,080 shares during the last quarter. Algert Global LLC increased its position in shares of Teradata by 46.3% during the third quarter. Algert Global LLC now owns 113,106 shares of the technology company’s stock worth $3,432,000 after purchasing an additional 35,800 shares in the last quarter. Cerity Partners LLC lifted its holdings in Teradata by 632.9% in the 3rd quarter. Cerity Partners LLC now owns 47,509 shares of the technology company’s stock valued at $1,441,000 after purchasing an additional 41,027 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Teradata by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,126,443 shares of the technology company’s stock valued at $34,176,000 after purchasing an additional 31,343 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Teradata by 21.7% during the 3rd quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock worth $62,843,000 after purchasing an additional 369,123 shares during the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TDC has been the topic of several research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price target on shares of Teradata in a research note on Tuesday, November 5th. Evercore ISI boosted their target price on Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. UBS Group increased their price target on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. TD Cowen lowered their price objective on Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, Barclays cut their target price on Teradata from $30.00 to $29.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Three equities 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.91.

Teradata Stock Performance

Shares of TDC stock opened at $30.90 on Friday. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.79 and a current ratio of 0.80. The firm has a market cap of $2.96 billion, a P/E ratio of 36.82, a P/E/G ratio of 3.04 and a beta of 0.80. The firm’s 50 day moving average price is $30.72 and its 200-day moving average price is $30.98. Teradata Co. has a one year low of $24.02 and a one year high of $49.44.

Teradata (NYSE:TDC) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.56 by $0.13. The business had revenue of $440.00 million during the quarter, compared to analyst estimates of $417.71 million. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business posted $0.14 earnings per share. As a group, equities research analysts predict that Teradata Co. will post 1.41 EPS for the current year.

Insider Buying and Selling at Teradata

In other news, insider Hillary Ashton sold 14,962 shares of the firm’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 completion of the transaction, the insider now owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. This trade represents a 10.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.92% of the stock is currently owned by corporate insiders.

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.