Seven Eight Capital LP Sells 29,822 Shares of Teradata Co. (NYSE:TDC)

Seven Eight Capital LP reduced its stake in Teradata Co. (NYSE:TDC) by 56.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,380 shares of the technology company’s stock after selling 29,822 shares during the period. Seven Eight Capital LP’s holdings in Teradata were worth $904,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. HB Wealth Management LLC grew its position in Teradata by 4.5% during the 4th quarter. HB Wealth Management LLC now owns 6,488 shares of the technology company’s stock worth $282,000 after acquiring an additional 280 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Teradata by 3.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 9,169 shares of the technology company’s stock valued at $399,000 after purchasing an additional 305 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Teradata by 6.2% in the 4th quarter. Neuberger Berman Group LLC now owns 7,492 shares of the technology company’s stock valued at $326,000 after purchasing an additional 438 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Teradata by 7.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,537 shares of the technology company’s stock worth $284,000 after buying an additional 454 shares during the period. Finally, Natixis Advisors L.P. raised its stake in Teradata by 4.2% during the 4th quarter. Natixis Advisors L.P. now owns 13,197 shares of the technology company’s stock worth $574,000 after buying an additional 535 shares during the period. 90.31% of the stock is currently owned by institutional investors.

Teradata Stock Performance

NYSE TDC traded up $0.74 during trading on Tuesday, reaching $32.29. 727,101 shares of the company’s stock were exchanged, compared to its average volume of 1,023,478. The business has a 50 day moving average price of $33.31 and a 200-day moving average price of $37.76. The stock has a market capitalization of $3.12 billion, a P/E ratio of 76.88, a PEG ratio of 2.09 and a beta of 0.83. 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 Co. has a fifty-two week low of $30.51 and a fifty-two week high of $57.73.

Teradata (NYSE:TDC) last issued its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping 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 company had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $461.93 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The business’s revenue was down 2.3% on a year-over-year basis. Sell-side analysts forecast that Teradata Co. will post 1.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank of Canada dropped their price objective on Teradata from $48.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 7th. StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Bank of America downgraded 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 note on Tuesday, May 7th. TD Cowen dropped their price objective on Teradata from $46.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. Finally, Barclays lowered their target price on Teradata from $39.00 to $35.00 and set an “underweight” rating for the company in a report on Tuesday, May 7th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Teradata currently has a consensus rating of “Hold” and an average target price of $49.25.

Insider Activity at Teradata

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

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.