Teradata Co. (NYSE:TDC) Shares Acquired by Seven Eight Capital LP

Seven Eight Capital LP boosted its stake in Teradata Co. (NYSE:TDC) by 209.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,202 shares of the technology company’s stock after buying an additional 36,011 shares during the period. Seven Eight Capital LP owned approximately 0.05% of Teradata worth $2,315,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. North Star Investment Management Corp. purchased a new stake in Teradata during the 4th quarter valued at approximately $26,000. Principal Securities Inc. purchased a new stake in shares of Teradata in the fourth quarter valued at $38,000. GAMMA Investing LLC purchased a new stake in Teradata in the 4th quarter worth approximately $47,000. International Assets Investment Management LLC grew its holdings in Teradata by 173.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,914 shares of the technology company’s stock valued at $83,000 after buying an additional 1,213 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of Teradata during the 4th quarter worth about $207,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Wall Street Analysts Forecast Growth

TDC has been the topic of a number of research analyst reports. StockNews.com lowered shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. Bank of America lowered shares of Teradata from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $48.00 to $39.00 in a research report on Tuesday, May 7th. TD Cowen dropped their price target on shares of Teradata from $46.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. JMP Securities reduced their price target on Teradata from $72.00 to $60.00 and set a “market outperform” rating for the company in a report on Tuesday, May 7th. Finally, Royal Bank of Canada cut their target price 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Teradata has a consensus rating of “Hold” and an average target price of $49.90.

Insider Transactions at Teradata

In related news, CEO Stephen Mcmillan sold 10,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $31.95, for a total transaction of $319,500.00. Following the sale, the chief executive officer now owns 393,579 shares in the company, valued at approximately $12,574,849.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Stephen Mcmillan sold 10,000 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $31.95, for a total transaction of $319,500.00. Following the transaction, the chief executive officer now directly owns 393,579 shares of the company’s stock, valued at $12,574,849.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael D. Hutchinson sold 18,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $32.96, for a total value of $609,760.00. Following the completion of the sale, the insider now directly owns 55,190 shares of the company’s stock, valued at approximately $1,819,062.40. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Teradata Price Performance

Shares of TDC traded up $0.15 during trading hours on Friday, hitting $32.31. The stock had a trading volume of 538,312 shares, compared to its average volume of 788,228. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 76.93, a P/E/G ratio of 2.21 and a beta of 0.83. Teradata Co. has a 52 week low of $31.48 and a 52 week high of $57.73. The company’s fifty day moving average is $35.16 and its two-hundred day moving average is $40.31. The company has a debt-to-equity ratio of 9.83, a current ratio of 0.78 and a quick ratio of 0.77.

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