6,856 Shares in Teradata Co. (NYSE:TDC) Bought by Quest Partners LLC

Quest Partners LLC purchased a new stake in shares of Teradata Co. (NYSE:TDC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,856 shares of the technology company’s stock, valued at approximately $298,000.

A number of other hedge funds also recently bought and sold shares of TDC. Trexquant Investment LP increased its position in Teradata by 45.1% during the fourth quarter. Trexquant Investment LP now owns 65,709 shares of the technology company’s stock worth $2,859,000 after acquiring an additional 20,429 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Teradata in the 4th quarter worth $1,318,000. Norges Bank bought a new position in shares of Teradata during the 4th quarter worth about $54,332,000. Heartland Advisors Inc. raised its position in shares of Teradata by 4.5% during the fourth quarter. Heartland Advisors Inc. now owns 635,023 shares of the technology company’s stock valued at $27,630,000 after buying an additional 27,385 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Teradata by 3.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,169 shares of the technology company’s stock valued at $399,000 after buying an additional 305 shares during the period. 90.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Michael D. Hutchinson sold 18,500 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $32.96, for a total transaction of $609,760.00. Following the completion of the sale, the insider now owns 55,190 shares of the company’s stock, valued at $1,819,062.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Kathleen R. Cullen-Cote sold 26,275 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total transaction of $987,151.75. Following the sale, the insider now owns 127,595 shares in the company, valued at $4,793,744.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael D. Hutchinson sold 18,500 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $32.96, for a total value of $609,760.00. Following the sale, the insider now owns 55,190 shares in the company, valued at approximately $1,819,062.40. The disclosure for this sale can be found here. In the last three months, insiders sold 54,518 shares of company stock valued at $1,961,787. 0.92% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TDC has been the subject of several recent research reports. Morgan Stanley cut Teradata from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $74.00 to $48.00 in a report on Tuesday, February 13th. Barclays reduced their target price on Teradata from $39.00 to $35.00 and set an “underweight” rating for the company in a research report on Tuesday, May 7th. Royal Bank of Canada decreased their price target on shares of Teradata from $48.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 7th. Bank of America cut shares of Teradata from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $48.00 to $39.00 in a research note on Tuesday, May 7th. Finally, StockNews.com lowered shares of Teradata from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Teradata presently has a consensus rating of “Hold” and a consensus target price of $49.90.

Teradata Stock Performance

Shares of NYSE:TDC opened at $31.85 on Friday. The business has a fifty day moving average of $36.43 and a 200-day moving average of $41.30. The firm has a market cap of $3.08 billion, a PE ratio of 75.83, a price-to-earnings-growth ratio of 2.18 and a beta of 0.95. The company has a debt-to-equity ratio of 9.83, a quick ratio of 0.77 and a current ratio of 0.78. Teradata Co. has a twelve month low of $31.61 and a twelve month high of $57.73.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Teradata had a return on equity of 70.34% and a net margin of 2.31%. The firm had revenue of $465.00 million for the quarter, compared to analyst estimates of $461.93 million. During the same period last year, the company earned $0.40 EPS. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts predict that Teradata Co. will post 1.14 EPS for the current fiscal year.

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.