US Bancorp DE Purchases 701 Shares of Teradata Co. (NYSE:TDC)

US Bancorp DE grew its position in Teradata Co. (NYSE:TDC) by 27.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,225 shares of the technology company’s stock after acquiring an additional 701 shares during the quarter. US Bancorp DE’s holdings in Teradata were worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Teradata by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 11,841,180 shares of the technology company’s stock worth $457,898,000 after buying an additional 377,761 shares during the last quarter. Lynrock Lake LP increased its stake in Teradata by 9.9% during the second quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock worth $230,400,000 after acquiring an additional 600,000 shares during the last quarter. AQR Capital Management LLC raised its position in Teradata by 60.9% during the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock valued at $73,827,000 after purchasing an additional 808,691 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Teradata by 27.5% in the 2nd quarter. Pacer Advisors Inc. now owns 1,702,179 shares of the technology company’s stock valued at $58,827,000 after purchasing an additional 367,641 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in shares of Teradata by 14.5% in the 2nd quarter. Boston Trust Walden Corp now owns 1,673,431 shares of the technology company’s stock worth $57,834,000 after purchasing an additional 212,359 shares during the period. 90.31% of the stock is owned by hedge funds and other institutional investors.

Teradata Price Performance

NYSE:TDC opened at $28.97 on Friday. The firm has a market cap of $2.77 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 2.92 and a beta of 0.80. The stock has a 50 day moving average of $30.33 and a two-hundred day moving average of $31.24. Teradata Co. has a 12 month low of $24.02 and a 12 month high of $49.44. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01.

Teradata (NYSE:TDC) last issued its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.13. The company had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS. On average, analysts expect that Teradata Co. will post 1.41 earnings per share for the current fiscal year.

Insider Transactions at Teradata

In related news, 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 $3,341,646.46. This trade represents a 10.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Margaret A. Treese sold 5,500 shares of the firm’s stock in a transaction on 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 owns 96,783 shares in the company, valued at $2,758,315.50. The trade was a 5.38 % 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.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. TD Cowen cut their price target on shares of Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price target on shares of Teradata in a report on Tuesday, November 5th. Barclays dropped their price objective on Teradata from $30.00 to $29.00 and set an “underweight” rating for the company in a report on Tuesday, November 5th. Evercore ISI upped their price objective on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, JMP Securities lowered shares of Teradata from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $39.91.

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.