Duality Advisers LP Takes Position in Teradata Co. (NYSE:TDC)

Duality Advisers LP purchased a new stake in shares of Teradata Co. (NYSE:TDC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,629 shares of the technology company’s stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Teradata by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,671,512 shares of the technology company’s stock valued at $525,451,000 after purchasing an additional 496,702 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Teradata by 21.2% during the 3rd quarter. American Century Companies Inc. now owns 2,585,939 shares of the technology company’s stock valued at $116,419,000 after purchasing an additional 451,816 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Teradata by 7.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,362,284 shares of the technology company’s stock valued at $61,330,000 after purchasing an additional 89,280 shares in the last quarter. Boston Trust Walden Corp raised its holdings in shares of Teradata by 3.1% during the 4th quarter. Boston Trust Walden Corp now owns 1,267,342 shares of the technology company’s stock valued at $55,142,000 after purchasing an additional 38,043 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Teradata by 24.4% during the 3rd quarter. FMR LLC now owns 1,241,111 shares of the technology company’s stock valued at $55,875,000 after purchasing an additional 243,806 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Insider Buying and Selling at Teradata

In other Teradata news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were 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 in the company, valued at $4,793,744.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Teradata news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were 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 in the company, valued at $4,793,744.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephen Mcmillan sold 40,597 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the completion of the transaction, the chief executive officer now owns 528,302 shares in the company, valued at $20,191,702.44. The disclosure for this sale can be found here. Insiders have sold a total of 76,615 shares of company stock worth $2,903,644 over the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com downgraded shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. Bank of America downgraded shares of Teradata from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $58.00 to $48.00 in a report on Tuesday, February 13th. Barclays dropped their target price on shares of Teradata from $43.00 to $39.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. JMP Securities reiterated a “market outperform” rating and issued a $72.00 target price on shares of Teradata in a report on Tuesday, February 13th. Finally, Morgan Stanley downgraded shares of Teradata from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $74.00 to $48.00 in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $56.90.

Teradata Stock Performance

NYSE TDC opened at $37.68 on Friday. The company has a debt-to-equity ratio of 4.02, a current ratio of 0.87 and a quick ratio of 0.86. The company’s fifty day moving average is $37.79 and its two-hundred day moving average is $42.69. Teradata Co. has a 52-week low of $35.36 and a 52-week high of $57.73. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 61.77, a P/E/G ratio of 1.66 and a beta of 0.95.

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 the consensus estimate of $0.51 by $0.05. The business had revenue of $457.00 million for the quarter, compared to analyst estimates of $455.84 million. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 EPS. Equities research analysts forecast that Teradata Co. will post 1.27 EPS for the current year.

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.