FORA Capital LLC Makes New Investment in Teradata Co. (NYSE:TDC)

FORA Capital LLC acquired a new position in Teradata Co. (NYSE:TDC) during the 3rd quarter, Holdings Channel reports. The firm acquired 14,942 shares of the technology company’s stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. M&G Plc boosted its stake in shares of 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 acquiring an additional 1,144,492 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Teradata by 60.9% in the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock worth $73,827,000 after purchasing an additional 808,691 shares in the last quarter. Lynrock Lake LP raised its position in shares of Teradata by 9.9% during the 2nd quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock valued at $230,400,000 after purchasing an additional 600,000 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Teradata by 828.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company’s stock valued at $13,485,000 after buying an additional 396,584 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Teradata by 21.7% in the third 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 during the period. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Teradata Trading Down 1.1 %

TDC stock opened at $30.93 on Friday. Teradata Co. has a twelve month low of $24.02 and a twelve month high of $49.44. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 3.04 and a beta of 0.80. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01. The firm’s fifty day simple moving average is $30.68 and its two-hundred day simple moving average is $30.98.

Teradata (NYSE:TDC) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, topping 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 firm had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. During the same period in the previous year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts anticipate that Teradata Co. will post 1.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on TDC shares. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 price objective on shares of Teradata in a report on Tuesday, November 5th. UBS Group increased their price target on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Morgan Stanley reduced their price objective on Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. Barclays decreased their price objective on Teradata from $30.00 to $29.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.91.

Insider Transactions at Teradata

In other Teradata news, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total value of $411,903.86. Following the transaction, the insider now owns 121,382 shares of the company’s stock, valued at $3,341,646.46. This represents a 10.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.92% of the company’s stock.

Teradata 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.