Hsbc Holdings PLC Cuts Stock Position in Teradata Co. (NYSE:TDC)

Hsbc Holdings PLC decreased its stake in shares of Teradata Co. (NYSE:TDC) by 64.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,161 shares of the technology company’s stock after selling 62,387 shares during the quarter. Hsbc Holdings PLC’s holdings in Teradata were worth $1,189,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new position in shares of Teradata in the 2nd quarter worth about $26,000. Sound Income Strategies LLC purchased a new position in Teradata in the first quarter worth about $31,000. Hexagon Capital Partners LLC lifted its stake in shares of Teradata by 111.4% in the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after buying an additional 507 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Teradata by 107.3% during the second quarter. Blue Trust Inc. now owns 2,017 shares of the technology company’s stock valued at $70,000 after buying an additional 1,044 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Teradata during the second quarter valued at approximately $72,000. 90.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction on 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 directly owns 121,382 shares of the company’s stock, valued at $3,341,646.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the sale, the insider now owns 96,783 shares of the company’s stock, valued at approximately $2,758,315.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 owned by company insiders.

Teradata Trading Up 0.6 %

Shares of Teradata stock opened at $30.35 on Friday. The company has a debt-to-equity ratio of 6.87, a current ratio of 0.75 and a quick ratio of 0.72. The stock has a market capitalization of $2.92 billion, a PE ratio of 72.26, a P/E/G 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 company’s fifty day simple moving average is $28.64 and its 200-day simple moving average is $32.89.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TDC shares. Morgan Stanley lowered their price objective 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. Royal Bank of Canada lowered their price target on Teradata from $40.00 to $32.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 6th. TD Cowen reduced their price objective on Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Evercore ISI lowered their target price on shares of Teradata from $46.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Finally, JMP Securities lowered shares of Teradata from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Teradata currently has a consensus rating of “Hold” and an average target price of $40.36.

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.