Teradata Co. (NYSE:TDC) Stock Position Lifted by Picton Mahoney Asset Management

Picton Mahoney Asset Management lifted its holdings in Teradata Co. (NYSE:TDC - Free Report) by 36,701.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,324 shares of the technology company's stock after purchasing an additional 88,084 shares during the quarter. Picton Mahoney Asset Management owned 0.09% of Teradata worth $3,842,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of TDC. North Star Investment Management Corp. bought a new position in Teradata during the fourth quarter valued at about $26,000. Smithfield Trust Co bought a new position in Teradata during the third quarter valued at about $34,000. GAMMA Investing LLC bought a new position in Teradata during the fourth quarter valued at about $47,000. International Assets Investment Management LLC boosted its stake in Teradata by 173.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,914 shares of the technology company's stock valued at $83,000 after buying an additional 1,213 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Teradata by 6.8% during the third quarter. Fifth Third Bancorp now owns 4,336 shares of the technology company's stock valued at $195,000 after buying an additional 276 shares in the last quarter. Institutional investors own 90.31% of the company's stock.

Teradata Stock Performance

Shares of NYSE:TDC traded down $0.02 during trading on Wednesday, hitting $32.70. 1,748,447 shares of the stock were exchanged, compared to its average volume of 1,145,332. Teradata Co. has a 1-year low of $31.61 and a 1-year high of $57.73. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 53.64, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. The company's fifty day simple moving average is $37.66 and its 200-day simple moving average is $42.21. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87.

Teradata (NYSE:TDC - Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The company had revenue of $465.00 million for the quarter, compared to analyst estimates of $461.93 million. During the same quarter last year, the firm earned $0.40 EPS. Teradata's revenue for the quarter was down 2.3% compared to the same quarter last year. Sell-side analysts expect that Teradata Co. will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TDC. Bank of America cut Teradata from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $48.00 to $39.00 in a research note on Tuesday. Citigroup increased their price target on Teradata from $57.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, February 12th. Barclays decreased their price target on Teradata from $39.00 to $35.00 and set an "underweight" rating for the company in a research report on Tuesday. Evercore ISI decreased their price target on Teradata from $58.00 to $46.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, JMP Securities decreased their price target on Teradata from $72.00 to $60.00 and set a "market outperform" rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Teradata currently has a consensus rating of "Hold" and a consensus price target of $49.90.

Insider Buying and Selling

In related news, CEO Stephen Mcmillan sold 40,597 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 528,302 shares in the company, valued at approximately $20,191,702.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the completion of the sale, the chief executive officer now owns 528,302 shares in the company, valued at approximately $20,191,702.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $37.57, for a total transaction of $987,151.75. Following the completion of the sale, the insider now owns 127,595 shares of the company's stock, valued at approximately $4,793,744.15. The disclosure for this sale can be found here. Insiders sold 76,615 shares of company stock worth $2,903,644 in the last 90 days. 0.86% of the stock is owned by company insiders.

Teradata 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.

Want to see what other hedge funds are holding TDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradata Co. (NYSE:TDC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.