Algert Global LLC Has $2.67 Million Stake in Teradata Co. (NYSE:TDC)

Algert Global LLC boosted its stake in shares of Teradata Co. (NYSE:TDC) by 66.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,306 shares of the technology company’s stock after acquiring an additional 30,804 shares during the quarter. Algert Global LLC owned 0.08% of Teradata worth $2,672,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in shares of Teradata during the 2nd quarter worth about $26,000. Sound Income Strategies LLC acquired a new stake in shares of Teradata during the first quarter worth approximately $31,000. Hexagon Capital Partners LLC raised its stake in shares of Teradata by 111.4% in the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after acquiring an additional 507 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Teradata by 107.3% in the 2nd quarter. Blue Trust Inc. now owns 2,017 shares of the technology company’s stock worth $70,000 after acquiring an additional 1,044 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Teradata during the 2nd quarter valued at $72,000. 90.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TDC. Northland Securities reduced their price objective on 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 decreased their price objective on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. UBS Group assumed coverage on shares of Teradata in a research report on Friday, July 19th. They set a “sell” rating and a $32.00 target price on the stock. Guggenheim reissued a “buy” rating and set a $60.00 price target on shares of Teradata in a research note on Tuesday, June 25th. Finally, TD Cowen reduced their price objective on Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $40.36.

Insider Buying and Selling

In other Teradata news, insider Hillary Ashton sold 14,962 shares of the company’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 completion of the sale, the insider now owns 121,382 shares of the company’s stock, valued at $3,341,646.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Margaret A. Treese sold 5,500 shares of Teradata 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 transaction, the insider now owns 96,783 shares in the company, valued at approximately $2,758,315.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value 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. 0.92% of the stock is owned by insiders.

Teradata Stock Performance

Shares of Teradata stock opened at $29.61 on Wednesday. Teradata Co. has a 52 week low of $24.02 and a 52 week high of $49.44. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.72 and a current ratio of 0.75. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 70.50, a PEG ratio of 2.81 and a beta of 0.80. The firm has a fifty day moving average of $28.56 and a two-hundred day moving average of $32.74.

Teradata (NYSE:TDC) last released its earnings results 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. The firm had revenue of $436.00 million for the quarter, compared to analyst estimates of $447.30 million. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. As a group, equities research analysts predict that Teradata Co. will post 1.3 EPS for the current 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.