Penserra Capital Management LLC Lowers Stock Holdings in Teradata Co. (NYSE:TDC)

Penserra Capital Management LLC cut its stake in shares of Teradata Co. (NYSE:TDC) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 128,675 shares of the technology company’s stock after selling 2,333 shares during the quarter. Penserra Capital Management LLC owned approximately 0.13% of Teradata worth $3,903,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. M&G Plc increased its holdings in Teradata by 2,920.3% during the 2nd quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock worth $41,429,000 after purchasing an additional 1,144,492 shares during the period. AQR Capital Management LLC increased 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 buying an additional 808,691 shares during the period. Lynrock Lake LP raised its holdings in shares of Teradata by 9.9% in the second quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock valued at $230,400,000 after acquiring an additional 600,000 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Teradata by 828.5% in the third quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company’s stock worth $13,485,000 after acquiring an additional 396,584 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Teradata by 21.7% during the 3rd quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock worth $62,843,000 after acquiring an additional 369,123 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Insiders Place Their Bets

In other Teradata news, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the sale, the insider now directly owns 96,783 shares in the company, valued at approximately $2,758,315.50. The trade was a 5.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction 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 $3,341,646.46. This trade represents a 10.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

Teradata Price Performance

Shares of TDC stock opened at $31.13 on Tuesday. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 3.02 and a beta of 0.80. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.79 and a current ratio of 0.80. The stock’s 50-day simple moving average is $30.59 and its 200-day simple moving average is $30.99. Teradata Co. has a fifty-two week low of $24.02 and a fifty-two week high of $49.44.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TDC shares. TD Cowen reduced their price target on shares of Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. StockNews.com raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Northland Securities cut their price target on Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. JMP Securities cut Teradata from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Finally, Evercore ISI lifted 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. Three research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.91.

Teradata Company 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.