Lecap Asset Management Ltd. Makes New Investment in Teradata Co. (NYSE:TDC)

Lecap Asset Management Ltd. acquired a new position in shares of Teradata Co. (NYSE:TDC) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,375 shares of the technology company’s stock, valued at approximately $495,000.

A number of other large investors have also recently made changes to their positions in TDC. Point72 Asset Management L.P. acquired a new stake in shares of Teradata in the 4th quarter valued at about $59,279,000. Norges Bank acquired a new stake in Teradata during the 4th quarter worth approximately $41,629,000. BlackRock Inc. lifted its position in Teradata by 7.0% during the 1st quarter. BlackRock Inc. now owns 11,458,957 shares of the technology company’s stock worth $461,567,000 after acquiring an additional 748,428 shares during the period. Vanguard Group Inc. lifted its position in Teradata by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,671,512 shares of the technology company’s stock worth $525,451,000 after acquiring an additional 496,702 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of Teradata by 414.1% during the 1st quarter. Prudential Financial Inc. now owns 606,899 shares of the technology company’s stock worth $24,446,000 after buying an additional 488,838 shares in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Teradata Price Performance

Shares of Teradata stock opened at $36.31 on Monday. Teradata Co. has a twelve month low of $36.23 and a twelve month high of $57.73. The stock has a market capitalization of $3.55 billion, a P/E ratio of 59.52, a PEG ratio of 1.60 and a beta of 0.95. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 4.02. The business’s fifty day moving average price is $39.29 and its 200 day moving average price is $43.20.

Teradata (NYSE:TDC) last issued its earnings results on Monday, February 12th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The firm had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $455.84 million. During the same quarter last year, the firm earned $0.05 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, research analysts anticipate that Teradata Co. will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JMP Securities reissued a “market outperform” rating and set a $72.00 target price on shares of Teradata in a research note on Tuesday, February 13th. Royal Bank of Canada dropped their price objective on Teradata from $59.00 to $48.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 13th. Barclays dropped their price objective on Teradata from $46.00 to $43.00 and set an “underweight” rating for the company in a research note on Tuesday, February 13th. StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Citigroup raised their price objective on Teradata from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.30.

Insider Buying and Selling at Teradata

In other Teradata news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total value of $987,151.75. Following the transaction, the insider now directly owns 127,595 shares of the company’s stock, valued at $4,793,744.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total value of $987,151.75. Following the completion of the sale, the insider now directly owns 127,595 shares of the company’s stock, valued at $4,793,744.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $37.45, for a total value of $364,875.35. Following the completion of the sale, the insider now directly owns 156,704 shares of the company’s stock, valued at $5,868,564.80. The disclosure for this sale can be found here. Insiders have sold 76,615 shares of company stock valued at $2,903,644 over the last three months. 0.86% of the stock is owned by company 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.