Blue Trust Inc. Cuts Stake in Teradata Co. (NYSE:TDC)

Blue Trust Inc. reduced its stake in Teradata Co. (NYSE:TDC) by 24.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,533 shares of the technology company’s stock after selling 484 shares during the period. Blue Trust Inc.’s holdings in Teradata were worth $47,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new position in shares of Teradata in the 2nd quarter worth about $26,000. GAMMA Investing LLC lifted its holdings in Teradata by 88.0% during the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after purchasing an additional 447 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in Teradata by 111.4% during the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after purchasing an additional 507 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in Teradata during the second quarter valued at about $72,000. Finally, EntryPoint Capital LLC purchased a new stake in Teradata during the first quarter valued at about $106,000. 90.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TDC shares. Morgan Stanley dropped their price objective 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. Evercore ISI upped their price objective on shares of Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. UBS Group assumed coverage on shares of Teradata in a report on Friday, July 19th. They issued a “sell” rating and a $32.00 price target on the stock. TD Cowen lowered 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. Finally, Royal Bank of Canada lowered their price target on shares of Teradata from $40.00 to $32.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Teradata has an average rating of “Hold” and a consensus price target of $40.64.

Teradata Price Performance

NYSE TDC opened at $33.23 on Friday. The company has a 50-day moving average price of $29.96 and a 200-day moving average price of $31.78. The firm has a market capitalization of $3.19 billion, a P/E ratio of 52.75, a PEG ratio of 3.01 and a beta of 0.80. Teradata Co. has a 52 week low of $24.02 and a 52 week high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 6.87.

Teradata (NYSE:TDC) last released its earnings results on Monday, August 5th. The technology company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.16. The company had revenue of $436.00 million during the quarter, compared to analyst estimates of $447.30 million. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. Equities research analysts anticipate that Teradata Co. will post 1.3 earnings per share for the current year.

Insiders Place Their Bets

In other Teradata news, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 121,382 shares in the company, valued at $3,341,646.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the transaction, the insider now directly owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the sale, the insider now owns 96,783 shares in the company, valued at $2,758,315.50. The trade was a 0.00 % decrease in their position. 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.