Gladius Capital Management LP Increases Holdings in Teradata Co. (NYSE:TDC)

Gladius Capital Management LP grew its position in shares of Teradata Co. (NYSE:TDC) by 42.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,004 shares of the technology company’s stock after buying an additional 9,007 shares during the quarter. Teradata accounts for approximately 0.1% of Gladius Capital Management LP’s holdings, making the stock its 13th largest position. Gladius Capital Management LP’s holdings in Teradata were worth $910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crossmark Global Holdings Inc. lifted its position in Teradata by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 7,228 shares of the technology company’s stock valued at $219,000 after purchasing an additional 315 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Teradata by 3.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,716 shares of the technology company’s stock valued at $370,000 after buying an additional 351 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Teradata by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 27,268 shares of the technology company’s stock valued at $942,000 after acquiring an additional 390 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Teradata by 2.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,949 shares of the technology company’s stock worth $636,000 after acquiring an additional 434 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Teradata by 88.0% during the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after acquiring an additional 447 shares during the period. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Teradata

In other news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction that occurred 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 completion of the transaction, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. The trade was a 10.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the sale, the insider now owns 96,783 shares in the company, valued at $2,758,315.50. The trade was a 5.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

Teradata Stock Performance

NYSE TDC opened at $28.97 on Friday. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. Teradata Co. has a 1-year low of $24.02 and a 1-year high of $49.44. The business has a 50 day simple moving average of $30.33 and a two-hundred day simple moving average of $31.24. The stock has a market capitalization of $2.77 billion, a PE ratio of 34.49, a P/E/G ratio of 2.85 and a beta of 0.80.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Cowen dropped their price target on shares of Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Evercore ISI upped their target price on shares of Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. JMP Securities cut Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Morgan Stanley dropped their price objective on Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 target price on shares of Teradata in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.91.

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.