SG Americas Securities LLC Sells 50,982 Shares of Teradata Co. (NYSE:TDC)

SG Americas Securities LLC reduced its holdings in shares of Teradata Co. (NYSE:TDC) by 90.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,364 shares of the technology company’s stock after selling 50,982 shares during the quarter. SG Americas Securities LLC’s holdings in Teradata were worth $163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Crewe Advisors LLC purchased a new stake in shares of Teradata during the 2nd quarter valued at about $26,000. Sound Income Strategies LLC bought a new stake in Teradata in the 1st quarter worth approximately $31,000. Hexagon Capital Partners LLC raised its stake in Teradata by 111.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after buying an additional 507 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 buying an additional 1,044 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Teradata in the 2nd quarter worth $72,000. 90.31% of the stock is owned by hedge funds and other institutional investors.

Teradata Trading Up 0.6 %

Shares of Teradata stock opened at $31.79 on Friday. The company has a fifty day moving average of $29.40 and a 200 day moving average of $31.99. 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 capitalization of $3.06 billion, a P/E ratio of 50.46, a P/E/G ratio of 2.97 and a beta of 0.80. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.72 and a current ratio of 0.75.

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

Insiders Place Their Bets

In related news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Teradata news, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction on 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were 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 in the company, valued at $3,341,646.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TDC. Barclays lowered their target price on Teradata from $35.00 to $30.00 and set an “underweight” rating on the stock in a report on Tuesday, August 6th. Royal Bank of Canada lowered their price objective on shares of Teradata from $40.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 6th. Northland Securities cut their target price on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. UBS Group assumed coverage on shares of Teradata in a report on Friday, July 19th. They set a “sell” rating and a $32.00 target price for the company. Finally, TD Cowen dropped 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 research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Teradata has an average rating of “Hold” and a consensus price target of $40.64.

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.