Point72 DIFC Ltd Takes $531,000 Position in Teradata Co. (NYSE:TDC)

Point72 DIFC Ltd purchased a new stake in Teradata Co. (NYSE:TDC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,517 shares of the technology company’s stock, valued at approximately $531,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC grew its position in shares of Teradata by 114.2% during the 2nd quarter. CWM LLC now owns 5,579 shares of the technology company’s stock worth $193,000 after buying an additional 2,975 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Teradata by 114.7% in the 2nd quarter. SG Americas Securities LLC now owns 56,346 shares of the technology company’s stock worth $1,947,000 after purchasing an additional 30,096 shares during the period. Hexagon Capital Partners LLC boosted its stake in shares of 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 in the last quarter. M&G Plc increased its holdings in Teradata by 2,920.3% during the second quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock valued at $41,429,000 after buying an additional 1,144,492 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in Teradata by 19.5% in the second quarter. Wedge Capital Management L L P NC now owns 56,894 shares of the technology company’s stock worth $1,966,000 after buying an additional 9,303 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Teradata Trading Down 0.7 %

NYSE TDC opened at $32.11 on Friday. Teradata Co. has a 12-month low of $24.02 and a 12-month high of $49.44. The company has a fifty day simple moving average of $30.98 and a two-hundred day simple moving average of $30.89. 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 cap of $3.07 billion, a P/E ratio of 38.23, a P/E/G ratio of 3.13 and a beta of 0.79.

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

Insider Activity at Teradata

In other Teradata news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 approximately $3,341,646.46. The trade was a 10.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.92% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TDC has been the topic of several recent research reports. Barclays increased their target price on Teradata from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Friday. Northland Securities cut their target price on Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 target price on shares of Teradata in a report on Tuesday, November 5th. Evercore ISI raised their price target on shares of Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, UBS Group boosted their price objective on shares of Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Teradata currently has a consensus rating of “Hold” and a consensus price target of $40.00.

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.