AQR Capital Management LLC Buys 808,691 Shares of Teradata Co. (NYSE:TDC)

AQR Capital Management LLC increased its position in Teradata Co. (NYSE:TDC) by 60.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,136,209 shares of the technology company’s stock after acquiring an additional 808,691 shares during the quarter. AQR Capital Management LLC’s holdings in Teradata were worth $73,827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Teradata by 3.3% in the first quarter. Vanguard Group Inc. now owns 11,841,180 shares of the technology company’s stock valued at $457,898,000 after acquiring an additional 377,761 shares in the last quarter. Pacer Advisors Inc. raised its stake in Teradata by 27.5% during 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 period. Boston Trust Walden Corp raised its stake in Teradata by 14.5% during the 2nd quarter. Boston Trust Walden Corp now owns 1,673,431 shares of the technology company’s stock valued at $57,834,000 after purchasing an additional 212,359 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Teradata by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,661,873 shares of the technology company’s stock worth $57,436,000 after purchasing an additional 63,441 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Teradata by 3.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,619,857 shares of the technology company’s stock worth $55,982,000 after purchasing an additional 56,200 shares during the period. Institutional investors own 90.31% of the company’s stock.

Teradata Trading Up 0.6 %

Shares of TDC stock opened at $30.35 on Friday. The company has a market cap of $2.92 billion, a PE ratio of 72.26, a price-to-earnings-growth ratio of 2.71 and a beta of 0.80. Teradata Co. has a 1 year low of $24.02 and a 1 year high of $49.44. The stock’s 50 day simple moving average is $28.64 and its two-hundred day simple moving average is $32.93. The company has a debt-to-equity ratio of 6.87, a current ratio of 0.75 and a quick ratio of 0.72.

Teradata (NYSE:TDC) last released its quarterly 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 company 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%. Teradata’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. Research analysts predict that Teradata Co. will post 1.3 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on TDC. Guggenheim reiterated a “buy” rating and set a $60.00 price objective on shares of Teradata in a research report on Tuesday, June 25th. Morgan Stanley reduced their price target 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. JMP Securities downgraded shares of Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Evercore ISI reduced their target price on Teradata from $46.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. Finally, Royal Bank of Canada decreased their target price on Teradata from $40.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.36.

Insider Buying and Selling

In other Teradata news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction 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 owns 121,382 shares in the company, valued at $3,341,646.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 96,783 shares in the company, valued at $2,758,315.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction 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 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 currently owned by corporate insiders.

Teradata Company 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.