272 Capital LP Increases Stock Position in Teradata Co. (NYSE:TDC)

272 Capital LP lifted its holdings in shares of Teradata Co. (NYSE:TDC) by 57.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,903 shares of the technology company’s stock after purchasing an additional 36,503 shares during the period. Teradata comprises approximately 1.7% of 272 Capital LP’s holdings, making the stock its 23rd biggest holding. 272 Capital LP owned 0.10% of Teradata worth $3,453,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its position 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 buying an additional 351 shares in the last quarter. Arizona State Retirement System raised its stake in Teradata by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 27,268 shares of the technology company’s stock valued at $942,000 after purchasing an additional 390 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in Teradata by 6.2% in the 4th quarter. Neuberger Berman Group LLC now owns 7,492 shares of the technology company’s stock valued at $326,000 after purchasing an additional 438 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Teradata by 111.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after purchasing an additional 507 shares during the last quarter. Finally, Wallace Advisory Group LLC grew its holdings in shares of Teradata by 9.1% during the first quarter. Wallace Advisory Group LLC now owns 7,141 shares of the technology company’s stock worth $276,000 after buying an additional 594 shares in the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Teradata

In other news, insider Margaret A. Treese sold 5,500 shares of the company’s 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 in the company, valued at $2,758,315.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 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 firm’s stock in a transaction that occurred 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 sale, the insider now owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.

Teradata Stock Performance

Shares of TDC stock opened at $29.32 on Tuesday. 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 company has a market cap of $2.84 billion, a PE ratio of 69.81, a P/E/G ratio of 2.67 and a beta of 0.80. The company’s fifty day simple moving average is $28.96 and its 200-day simple moving average is $33.09. Teradata Co. has a 52 week low of $24.02 and a 52 week high of $49.44.

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

Wall Street Analysts Forecast Growth

TDC has been the topic of a number of analyst reports. Northland Securities decreased their target price on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Royal Bank of Canada lowered their price objective on Teradata from $40.00 to $32.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 6th. Barclays reduced their target price on Teradata from $35.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 6th. JMP Securities cut Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Finally, UBS Group began coverage on shares of Teradata in a report on Friday, July 19th. They set a “sell” rating and a $32.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Teradata presently has an average rating of “Hold” and a consensus target price of $40.36.

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.