Sound Income Strategies LLC Invests $31,000 in Teradata Co. (NYSE:TDC)

Sound Income Strategies LLC acquired a new position in Teradata Co. (NYSE:TDC) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 808 shares of the technology company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. HB Wealth Management LLC boosted its holdings in Teradata by 4.5% during the fourth quarter. HB Wealth Management LLC now owns 6,488 shares of the technology company’s stock worth $282,000 after buying an additional 280 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Teradata by 3.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,169 shares of the technology company’s stock worth $399,000 after buying an additional 305 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in Teradata by 3.4% during the third quarter. Gotham Asset Management LLC now owns 9,538 shares of the technology company’s stock worth $429,000 after buying an additional 311 shares in the last quarter. Heron Bay Capital Management boosted its holdings in Teradata by 3.3% during the fourth quarter. Heron Bay Capital Management now owns 10,895 shares of the technology company’s stock worth $474,000 after buying an additional 350 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Teradata by 3.2% during the third quarter. HighTower Advisors LLC now owns 13,526 shares of the technology company’s stock worth $604,000 after buying an additional 424 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Teradata Price Performance

Teradata stock opened at $34.64 on Friday. Teradata Co. has a 12-month low of $31.48 and a 12-month high of $57.73. The stock has a market cap of $3.35 billion, a P/E ratio of 82.48, a PEG ratio of 2.33 and a beta of 0.83. The company has a 50-day moving average price of $34.07 and a 200 day moving average price of $39.04. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 9.83.

Teradata (NYSE:TDC) last released its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. Teradata had a net margin of 2.31% and a return on equity of 70.34%. The firm had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $461.93 million. During the same period last year, the business earned $0.40 earnings per share. Teradata’s revenue was down 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Teradata Co. will post 1.14 earnings per share for the current year.

Insider Buying and Selling at Teradata

In other Teradata news, insider Michael D. Hutchinson sold 18,500 shares of Teradata stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $32.96, for a total transaction of $609,760.00. Following the completion of the sale, the insider now directly owns 55,190 shares in the company, valued at $1,819,062.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Stephen Mcmillan sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $31.95, for a total value of $319,500.00. Following the completion of the transaction, the chief executive officer now owns 393,579 shares of the company’s stock, valued at $12,574,849.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael D. Hutchinson sold 18,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $32.96, for a total transaction of $609,760.00. Following the completion of the transaction, the insider now directly owns 55,190 shares of the company’s stock, valued at approximately $1,819,062.40. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on TDC shares. Evercore ISI lowered their price target on shares of Teradata from $58.00 to $46.00 and set an “outperform” rating on the stock in a report on Tuesday, May 7th. TD Cowen decreased their price objective on shares of Teradata from $46.00 to $40.00 and set a “hold” rating on the stock in a report on Tuesday, May 7th. Guggenheim reaffirmed a “buy” rating and set a $60.00 price objective on shares of Teradata in a report on Tuesday. StockNews.com downgraded shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. Finally, Bank of America downgraded shares of Teradata from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $48.00 to $39.00 in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $50.82.

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.