Connor Clark & Lunn Investment Management Ltd. Invests $341,000 in Teradata Co. (NYSE:TDC)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Teradata Co. (NYSE:TDC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,224 shares of the technology company’s stock, valued at approximately $341,000.

Several other large investors have also added to or reduced their stakes in TDC. Crewe Advisors LLC bought a new stake in Teradata during the 2nd quarter worth about $26,000. GAMMA Investing LLC raised its holdings in Teradata by 88.0% during the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after acquiring an additional 447 shares in the last quarter. Hexagon Capital Partners LLC boosted its position 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. Allworth Financial LP grew its stake in Teradata by 75.2% in the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after purchasing an additional 569 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Teradata by 2,934.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock worth $44,000 after purchasing an additional 1,291 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Insider Activity at Teradata

In other Teradata news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the completion of the sale, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. The trade was a 10.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TDC. Evercore ISI increased their price objective on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. UBS Group lifted their price objective on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. JMP Securities cut shares of Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley lowered their price target on Teradata from $44.00 to $30.00 and set an “equal weight” 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 assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.91.

Teradata Trading Down 0.1 %

Shares of TDC stock opened at $30.90 on Friday. Teradata Co. has a 12-month low of $24.02 and a 12-month high of $49.44. The firm has a 50 day moving average price of $30.76 and a two-hundred day moving average price of $30.95. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01. The company has a market capitalization of $2.96 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 3.04 and a beta of 0.80.

Teradata (NYSE:TDC) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.13. The business had revenue of $440.00 million during the quarter, compared to the consensus estimate of $417.71 million. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. As a group, analysts predict that Teradata Co. will post 1.41 earnings per share for the current year.

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.