Edgestream Partners L.P. Makes New Investment in Teradata Co. (NYSE:TDC)

Edgestream Partners L.P. bought a new position in shares of Teradata Co. (NYSE:TDC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 32,384 shares of the technology company’s stock, valued at approximately $1,119,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TDC. Private Advisor Group LLC grew its stake in shares of Teradata by 18.4% during the fourth quarter. Private Advisor Group LLC now owns 6,763 shares of the technology company’s stock worth $294,000 after buying an additional 1,053 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Teradata during the fourth quarter worth $38,000. Dimensional Fund Advisors LP grew its stake in shares of Teradata by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,584,625 shares of the technology company’s stock worth $68,948,000 after buying an additional 116,489 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Teradata during the fourth quarter worth $207,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Teradata by 3.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,169 shares of the technology company’s stock worth $399,000 after buying an additional 305 shares during the last quarter. Institutional investors own 90.31% of the company’s stock.

Teradata Price Performance

TDC stock opened at $29.07 on Friday. The company’s fifty day simple moving average is $29.16 and its 200 day simple moving average is $33.29. Teradata Co. has a 12-month low of $24.02 and a 12-month high of $49.44. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 69.21, a PEG ratio of 2.67 and a beta of 0.80. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 6.87.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.64 earnings per share 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 firm had revenue of $436.00 million for the quarter, compared to analyst estimates of $447.30 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, analysts expect that Teradata Co. will post 1.3 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, 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 transaction, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, 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 transaction of $156,750.00. Following the completion of the sale, the insider now directly owns 96,783 shares of the company’s stock, valued at $2,758,315.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Hillary Ashton sold 14,962 shares of the business’s stock in a transaction dated 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 directly owns 121,382 shares of the company’s stock, valued at $3,341,646.46. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.

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.