Teradata Co. (NYSE:TDC) Holdings Lowered by Acadian Asset Management LLC

Acadian Asset Management LLC cut its stake in Teradata Co. (NYSE:TDC) by 89.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,115 shares of the technology company’s stock after selling 104,324 shares during the period. Acadian Asset Management LLC’s holdings in Teradata were worth $418,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Savant Capital LLC bought a new position in Teradata during the 2nd quarter valued at $541,000. Arizona State Retirement System boosted its stake in Teradata by 1.5% during the second quarter. Arizona State Retirement System now owns 27,268 shares of the technology company’s stock valued at $942,000 after buying an additional 390 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Teradata by 59.3% during the second quarter. Victory Capital Management Inc. now owns 131,204 shares of the technology company’s stock valued at $4,534,000 after buying an additional 48,822 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Teradata by 3.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,716 shares of the technology company’s stock worth $370,000 after acquiring an additional 351 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in Teradata by 12.5% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 395,870 shares of the technology company’s stock valued at $13,681,000 after acquiring an additional 43,990 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TDC. StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Evercore ISI dropped their price target on Teradata from $46.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. Northland Securities cut their price objective on Teradata from $49.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Morgan Stanley decreased their target price on Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Finally, UBS Group began coverage on Teradata in a report on Friday, July 19th. They set a “sell” rating and a $32.00 target price for the company. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.36.

Insider Buying and Selling

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

Teradata Stock Down 0.7 %

Shares of Teradata stock opened at $28.64 on Thursday. Teradata Co. has a 1 year low of $24.02 and a 1 year high of $49.44. The company has a market cap of $2.75 billion, a P/E ratio of 68.19, a P/E/G ratio of 2.67 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. The stock has a 50-day moving average price of $29.35 and a 200 day moving average price of $33.35.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.48 by $0.16. The business had revenue of $436.00 million during the quarter, compared to analysts’ expectations of $447.30 million. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. As a group, analysts expect that Teradata Co. will post 1.3 EPS for the current fiscal year.

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.