Wedge Capital Management L L P NC Acquires 9,303 Shares of Teradata Co. (NYSE:TDC)

Wedge Capital Management L L P NC increased its holdings in Teradata Co. (NYSE:TDC) by 19.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,894 shares of the technology company’s stock after acquiring an additional 9,303 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.06% of Teradata worth $1,966,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC increased its holdings in Teradata by 3.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 9,169 shares of the technology company’s stock worth $399,000 after buying an additional 305 shares during the period. Neuberger Berman Group LLC raised its position in shares of Teradata by 6.2% during the 4th quarter. Neuberger Berman Group LLC now owns 7,492 shares of the technology company’s stock valued at $326,000 after buying an additional 438 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of 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 purchasing an additional 454 shares during the period. Hexagon Capital Partners LLC boosted its stake in Teradata by 111.4% during the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after buying an additional 507 shares during the period. Finally, Natixis Advisors L.P. increased its holdings in Teradata by 4.2% in the 4th quarter. Natixis Advisors L.P. now owns 13,197 shares of the technology company’s stock valued at $574,000 after purchasing an additional 535 shares during the last quarter. Institutional investors own 90.31% of the company’s stock.

Insider Transactions at Teradata

In related news, CEO Stephen Mcmillan sold 10,000 shares of Teradata stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $31.95, for a total transaction of $319,500.00. Following the completion of the transaction, the chief executive officer now directly 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 Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is owned by insiders.

Teradata Stock Performance

Shares of NYSE:TDC traded up $0.71 on Thursday, hitting $27.38. 792,022 shares of the company were exchanged, compared to its average volume of 1,034,999. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.72 and a current ratio of 0.75. The company’s 50 day moving average price is $32.04 and its two-hundred day moving average price is $35.76. Teradata Co. has a one year low of $24.02 and a one year high of $49.44. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 65.19, a PEG ratio of 2.48 and a beta of 0.84.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. The company had revenue of $436.00 million during the quarter, compared to the consensus estimate of $447.30 million. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS. Research analysts expect that Teradata Co. will post 1.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TDC shares. JMP Securities cut shares of Teradata from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Morgan Stanley decreased their target price on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. UBS Group started coverage on shares of Teradata in a research report on Friday, July 19th. They set a “sell” rating and a $32.00 target price for the company. Evercore ISI lowered their price target on shares of Teradata from $46.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Finally, TD Cowen lowered their target price 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. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Teradata currently has an average rating of “Hold” and a consensus price target of $40.36.

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.