Verition Fund Management LLC Acquires 4,816 Shares of Teradata Co. (NYSE:TDC)

Verition Fund Management LLC lifted its holdings in shares of Teradata Co. (NYSE:TDC) by 13.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 40,570 shares of the technology company’s stock after purchasing an additional 4,816 shares during the period. Verition Fund Management LLC’s holdings in Teradata were worth $1,231,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Lynrock Lake LP grew its holdings in shares of Teradata by 9.9% during the second 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. AQR Capital Management LLC lifted its stake in shares of 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 acquiring an additional 808,691 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Teradata by 21.7% during the third quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock valued at $62,843,000 after acquiring an additional 369,123 shares during the period. FMR LLC lifted its stake in shares of Teradata by 2.7% during the third quarter. FMR LLC now owns 1,932,741 shares of the technology company’s stock valued at $58,639,000 after acquiring an additional 51,080 shares during the period. Finally, Boston Trust Walden Corp lifted its stake in shares of Teradata by 14.5% during the second quarter. Boston Trust Walden Corp now owns 1,673,431 shares of the technology company’s stock valued at $57,834,000 after acquiring an additional 212,359 shares during the period. Institutional investors own 90.31% of the company’s stock.

Wall Street Analyst Weigh In

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

Teradata Stock Down 0.7 %

TDC stock opened at $32.11 on Friday. 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 business has a 50 day moving average price of $30.98 and a two-hundred day moving average price of $30.87. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 38.23, a P/E/G ratio of 3.13 and a beta of 0.79. Teradata Co. has a twelve month low of $24.02 and a twelve month high of $49.44.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $417.71 million. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. Analysts anticipate that Teradata Co. will post 1.41 EPS for the current fiscal year.

Insider Activity

In related news, insider Hillary Ashton sold 14,962 shares of Teradata 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 sale, the insider now directly owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. This trade represents a 10.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.92% of the company’s stock.

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.