M&G Plc Boosts Stake in Teradata Co. (NYSE:TDC)

M&G Plc raised its position in Teradata Co. (NYSE:TDC) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,235,174 shares of the technology company’s stock after purchasing an additional 51,491 shares during the quarter. M&G Plc’s holdings in Teradata were worth $37,055,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position 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 worth $73,827,000 after acquiring an additional 808,691 shares during the period. Ariel Investments LLC purchased a new position in shares of Teradata during the first quarter worth approximately $30,998,000. Lynrock Lake LP increased its position in shares of Teradata by 9.9% during the second quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock worth $230,400,000 after acquiring an additional 600,000 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Teradata by 828.5% during 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, Vanguard Group Inc. increased its position in shares of Teradata by 3.3% during the first quarter. Vanguard Group Inc. now owns 11,841,180 shares of the technology company’s stock worth $457,898,000 after acquiring an additional 377,761 shares during the period. 90.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Hillary Ashton sold 14,962 shares of the firm’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 transaction, the insider now owns 121,382 shares of the company’s stock, valued at $3,341,646.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Teradata news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the completion of the transaction, the insider now owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction 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 transaction, the insider now directly owns 96,783 shares of the company’s stock, valued at $2,758,315.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TDC has been the topic of a number of recent research reports. Evercore ISI increased their price objective on shares of Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. TD Cowen dropped their price objective on shares of Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 price objective on shares of Teradata in a research note on Tuesday. Finally, Morgan Stanley dropped their price objective on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.91.

Teradata Trading Up 3.0 %

NYSE TDC opened at $29.33 on Thursday. The company has a fifty day simple moving average of $30.10 and a two-hundred day simple moving average of $31.62. The stock has a market cap of $2.82 billion, a P/E ratio of 34.92, a P/E/G ratio of 3.10 and a beta of 0.80. Teradata Co. has a 12-month low of $24.02 and a 12-month high of $49.44. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87.

Teradata (NYSE:TDC) last issued its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.13. Teradata had a net margin of 4.56% and a return on equity of 160.68%. The firm had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $417.71 million. During the same quarter last year, the company posted $0.14 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. On average, analysts forecast that Teradata Co. will post 1.3 earnings per share 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.