Horrell Capital Management Inc. Cuts Stock Holdings in Teradata Co. (NYSE:TDC)

Horrell Capital Management Inc. decreased its stake in shares of Teradata Co. (NYSE:TDC) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 210,000 shares of the technology company’s stock after selling 25,000 shares during the period. Teradata comprises about 1.9% of Horrell Capital Management Inc.’s holdings, making the stock its 16th largest position. Horrell Capital Management Inc. owned approximately 0.22% of Teradata worth $6,371,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of TDC. Oak Thistle LLC purchased a new position in Teradata in the first quarter worth $208,000. Allspring Global Investments Holdings LLC raised its stake in shares of Teradata by 10.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 552,387 shares of the technology company’s stock valued at $21,361,000 after buying an additional 53,359 shares during the period. State of Michigan Retirement System raised its stake in shares of Teradata by 2.6% in the first quarter. State of Michigan Retirement System now owns 24,042 shares of the technology company’s stock valued at $930,000 after buying an additional 600 shares during the period. Norden Group LLC raised its stake in shares of Teradata by 2,129.9% in the first quarter. Norden Group LLC now owns 112,008 shares of the technology company’s stock valued at $4,331,000 after buying an additional 106,985 shares during the period. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Teradata in the first quarter valued at $634,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Insider Buying and Selling at Teradata

In other news, insider Margaret A. Treese sold 5,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,758,315.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Teradata news, insider Hillary Ashton sold 14,962 shares of the 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 transaction, the insider now owns 121,382 shares of the company’s stock, valued at $3,341,646.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Margaret A. Treese sold 5,500 shares of the 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 transaction, the insider now directly owns 96,783 shares in the company, valued at approximately $2,758,315.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

Teradata Stock Up 1.1 %

NYSE:TDC traded up $0.36 during trading hours on Tuesday, reaching $32.49. The company’s stock had a trading volume of 105,961 shares, compared to its average volume of 931,082. The stock has a 50 day moving average price of $29.57 and a two-hundred day moving average price of $31.82. The company has a market capitalization of $3.12 billion, a P/E ratio of 51.02, a price-to-earnings-growth ratio of 2.97 and a beta of 0.80. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.72 and a current ratio of 0.75. Teradata Co. has a 12 month low of $24.02 and a 12 month high of $49.44.

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

Analyst Ratings Changes

TDC has been the topic of a number of analyst reports. Evercore ISI boosted their price objective on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. UBS Group initiated coverage on Teradata in a research note on Friday, July 19th. They set a “sell” rating and a $32.00 price objective on the stock. Morgan Stanley decreased their price objective on Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. TD Cowen decreased their target price on Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, JMP Securities lowered Teradata from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Three equities research 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.64.

About Teradata

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.