Prelude Capital Management LLC Takes $271,000 Position in Teradata Co. (NYSE:TDC)

Prelude Capital Management LLC bought a new stake in Teradata Co. (NYSE:TDC) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,731 shares of the technology company’s stock, valued at approximately $271,000.

Other large investors have also modified their holdings of the company. Parallel Advisors LLC grew its stake in shares of Teradata by 81.1% in the first quarter. Parallel Advisors LLC now owns 880 shares of the technology company’s stock valued at $35,000 after buying an additional 394 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Teradata in the first quarter valued at about $37,000. Global Retirement Partners LLC boosted its holdings in Teradata by 40.5% in the first quarter. Global Retirement Partners LLC now owns 1,031 shares of the technology company’s stock valued at $42,000 after purchasing an additional 297 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Teradata in the first quarter valued at about $44,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in Teradata by 126.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,633 shares of the technology company’s stock valued at $54,000 after purchasing an additional 912 shares during the last quarter. Institutional investors and hedge funds own 91.02% of the company’s stock.

Insider Buying and Selling

In related news, CFO Claire Bramley sold 4,427 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $45.05, for a total value of $199,436.35. Following the sale, the chief financial officer now owns 106,227 shares of the company’s stock, valued at approximately $4,785,526.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Claire Bramley sold 4,427 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $45.05, for a total value of $199,436.35. Following the sale, the chief financial officer now directly owns 106,227 shares in the company, valued at approximately $4,785,526.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Hillary Ashton sold 1,833 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $45.29, for a total value of $83,016.57. Following the completion of the sale, the insider now owns 112,883 shares in the company, valued at $5,112,471.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,324 shares of company stock valued at $3,746,914. Insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

TDC has been the subject of a number of analyst reports. TheStreet downgraded Teradata from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Morgan Stanley increased their price target on Teradata from $51.00 to $74.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. Citigroup increased their price target on Teradata from $55.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. StockNews.com started coverage on Teradata in a report on Wednesday, August 23rd. They set a “strong-buy” rating on the stock. Finally, Craig Hallum increased their target price on Teradata from $50.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Teradata Trading Up 0.5 %

Shares of NYSE TDC opened at $44.84 on Tuesday. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 78.67, a price-to-earnings-growth ratio of 2.49 and a beta of 0.98. Teradata Co. has a 12-month low of $28.65 and a 12-month high of $57.73. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 2.58. The stock’s 50 day simple moving average is $49.21 and its 200 day simple moving average is $45.98.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Monday, August 7th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $462.00 million for the quarter, compared to the consensus estimate of $445.09 million. Teradata had a return on equity of 32.47% and a net margin of 3.21%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. Equities research analysts expect that Teradata Co. will post 1.02 EPS for the current year.

About Teradata

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.