Seven Eight Capital LP Buys 25,226 Shares of Teradata Co. (NYSE:TDC)

Seven Eight Capital LP lifted its position in Teradata Co. (NYSE:TDC) by 107.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,606 shares of the technology company’s stock after purchasing an additional 25,226 shares during the quarter. Seven Eight Capital LP owned 0.05% of Teradata worth $1,680,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TDC. Crewe Advisors LLC acquired a new position in Teradata in the second quarter valued at about $26,000. Sound Income Strategies LLC acquired a new position in shares of Teradata in the 1st quarter worth approximately $31,000. Hexagon Capital Partners LLC boosted its holdings in shares of Teradata by 111.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after acquiring an additional 507 shares in the last quarter. Principal Securities Inc. bought a new stake in Teradata during the 4th quarter worth approximately $38,000. Finally, Blue Trust Inc. increased its holdings in Teradata by 107.3% during the 2nd quarter. Blue Trust Inc. now owns 2,017 shares of the technology company’s stock valued at $70,000 after purchasing an additional 1,044 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TDC shares. UBS Group started coverage on Teradata in a research note on Friday, July 19th. They issued a “sell” rating and a $32.00 price objective on the stock. Guggenheim reiterated a “buy” rating and set a $60.00 price target on shares of Teradata in a research report on Tuesday, June 25th. JMP Securities cut shares of Teradata from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Northland Securities dropped their target price on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. Finally, TD Cowen decreased their price target on shares of Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.36.

Insider Buying and Selling at Teradata

In other news, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the transaction, the insider now directly owns 96,783 shares in the company, valued at approximately $2,758,315.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Hillary Ashton sold 14,962 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction of $411,903.86. Following the sale, the insider now owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the completion of the transaction, the insider now directly owns 96,783 shares of the company’s stock, valued at $2,758,315.50. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

Teradata Trading Down 0.7 %

TDC opened at $28.64 on Thursday. The firm has a 50 day simple moving average of $29.35 and a 200 day simple moving average of $33.35. Teradata Co. has a fifty-two week low of $24.02 and a fifty-two week high of $49.44. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 68.19, a price-to-earnings-growth ratio of 2.67 and a beta of 0.80. The company has a debt-to-equity ratio of 6.87, a current ratio of 0.75 and a quick ratio of 0.72.

Teradata (NYSE:TDC) last issued its earnings results on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.48 by $0.16. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The company had revenue of $436.00 million during the quarter, compared to analysts’ expectations of $447.30 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Teradata Co. will post 1.3 earnings per share for the current year.

Teradata 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.