Quest Partners LLC Invests $366,000 in Teradata Co. (NYSE:TDC)

Quest Partners LLC 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 12,047 shares of the technology company’s stock, valued at approximately $366,000.

Other large investors have also added to or reduced their stakes in the company. M&G Plc lifted its position in Teradata by 2,920.3% during the 2nd quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock worth $41,429,000 after buying an additional 1,144,492 shares in the last quarter. AQR Capital Management LLC boosted its position in Teradata by 60.9% during the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock valued at $73,827,000 after purchasing an additional 808,691 shares during the last quarter. Lynrock Lake LP increased its position in shares of Teradata by 9.9% during the 2nd quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock worth $230,400,000 after purchasing an additional 600,000 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Teradata by 828.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company’s stock worth $13,485,000 after purchasing an additional 396,584 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake 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 buying an additional 377,761 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Teradata Stock Up 1.1 %

Shares of TDC opened at $30.70 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01. The stock has a market capitalization of $2.94 billion, a PE ratio of 36.55, a P/E/G ratio of 2.98 and a beta of 0.80. The firm’s 50 day moving average is $30.54 and its 200-day moving average is $31.00. Teradata Co. has a 12 month low of $24.02 and a 12 month high of $49.44.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.13. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The firm had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. During the same period in the previous year, the firm earned $0.14 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts forecast that Teradata Co. will post 1.41 EPS 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 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 sale, the insider now directly owns 121,382 shares in the company, valued at $3,341,646.46. This represents a 10.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of the firm’s 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 completion of the sale, the insider now directly owns 96,783 shares in the company, valued at approximately $2,758,315.50. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

TDC has been the subject of a number of recent analyst reports. StockNews.com raised Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Barclays reduced their price objective on shares of Teradata from $30.00 to $29.00 and set an “underweight” rating for the company in a research report on Tuesday, November 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price objective on shares of Teradata in a research report on Tuesday, November 5th. Northland Securities reduced their target price on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, UBS Group increased their price target on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.91.

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.