Sycomore Asset Management Acquires New Shares in Teradata Co. (NYSE:TDC)

Sycomore Asset Management bought a new stake in shares of Teradata Co. (NYSE:TDC - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 47,103 shares of the technology company's stock, valued at approximately $2,071,000.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Teradata by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,671,512 shares of the technology company's stock valued at $525,451,000 after buying an additional 496,702 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Teradata by 21.2% during the third quarter. American Century Companies Inc. now owns 2,585,939 shares of the technology company's stock worth $116,419,000 after purchasing an additional 451,816 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Teradata by 7.0% during the third quarter. AQR Capital Management LLC now owns 1,362,284 shares of the technology company's stock worth $61,330,000 after purchasing an additional 89,280 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Teradata by 3.1% during the fourth quarter. Boston Trust Walden Corp now owns 1,267,342 shares of the technology company's stock worth $55,142,000 after purchasing an additional 38,043 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Teradata by 24.4% during the third quarter. FMR LLC now owns 1,241,111 shares of the technology company's stock worth $55,875,000 after purchasing an additional 243,806 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TDC shares. StockNews.com cut Teradata from a "strong-buy" rating to a "buy" rating in a report on Friday, April 12th. Bank of America cut Teradata from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $58.00 to $48.00 in a report on Tuesday, February 13th. JMP Securities restated a "market outperform" rating and set a $72.00 price objective on shares of Teradata in a report on Tuesday, February 13th. Citigroup increased their target price on Teradata from $57.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, February 12th. Finally, Royal Bank of Canada cut their target price on Teradata from $59.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Teradata currently has an average rating of "Moderate Buy" and a consensus price target of $56.90.

Insider Transactions at Teradata

In other news, CEO Stephen Mcmillan sold 40,597 shares of Teradata stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the sale, the chief executive officer now directly owns 528,302 shares of the company's stock, valued at $20,191,702.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Stephen Mcmillan sold 40,597 shares of Teradata stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total value of $1,551,617.34. Following the completion of the transaction, the chief executive officer now directly owns 528,302 shares in the company, valued at $20,191,702.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of Teradata stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total value of $987,151.75. Following the completion of the transaction, the insider now owns 127,595 shares of the company's stock, valued at $4,793,744.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,615 shares of company stock valued at $2,903,644. 0.86% of the stock is currently owned by insiders.

Teradata Stock Up 1.0 %

NYSE:TDC traded up $0.35 during mid-day trading on Wednesday, hitting $37.15. The company had a trading volume of 832,156 shares, compared to its average volume of 1,102,247. The business has a fifty day simple moving average of $37.83 and a 200-day simple moving average of $42.77. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 4.02. Teradata Co. has a 1 year low of $35.36 and a 1 year high of $57.73. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 60.90, a PEG ratio of 1.62 and a beta of 0.95.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly earnings data on Monday, February 12th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.51 by $0.05. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The company had revenue of $457.00 million for the quarter, compared to analyst estimates of $455.84 million. During the same period last year, the company posted $0.05 earnings per share. The firm's revenue was up 1.1% compared to the same quarter last year. Equities analysts forecast that Teradata Co. will post 1.27 earnings per share 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.

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