Jacobs Levy Equity Management Inc. Boosts Stock Position in Teradata Co. (NYSE:TDC)

Jacobs Levy Equity Management Inc. grew its holdings in shares of Teradata Co. (NYSE:TDC) by 369.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 310,605 shares of the technology company’s stock after purchasing an additional 244,384 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.32% of Teradata worth $12,011,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC increased its position in Teradata by 3.4% in the fourth 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 last quarter. Neuberger Berman Group LLC grew its holdings in shares of Teradata by 6.2% during the fourth quarter. Neuberger Berman Group LLC now owns 7,492 shares of the technology company’s stock worth $326,000 after purchasing an additional 438 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Teradata by 7.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,537 shares of the technology company’s stock valued at $284,000 after purchasing an additional 454 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of Teradata by 4.2% during the 4th quarter. Natixis Advisors L.P. now owns 13,197 shares of the technology company’s stock valued at $574,000 after buying an additional 535 shares in the last quarter. Finally, Wallace Advisory Group LLC boosted its position in shares of Teradata by 9.1% in the 1st quarter. Wallace Advisory Group LLC now owns 7,141 shares of the technology company’s stock worth $276,000 after purchasing an additional 594 shares in the last quarter. 90.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group started coverage on Teradata in a research note on Friday, July 19th. They issued a “sell” rating and a $32.00 target price on the stock. Guggenheim reiterated a “buy” rating and issued a $60.00 target price on shares of Teradata in a research note on Tuesday, June 25th. Evercore ISI decreased their price objective on shares of Teradata from $58.00 to $46.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. Bank of America cut Teradata from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $48.00 to $39.00 in a research report on Tuesday, May 7th. Finally, TD Cowen dropped their target price on shares of Teradata from $46.00 to $40.00 and set a “hold” rating on the stock in a report on Tuesday, May 7th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $49.25.

Teradata Price Performance

Shares of TDC stock traded up $0.22 on Wednesday, hitting $32.35. 120,540 shares of the stock traded hands, compared to its average volume of 1,005,408. 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 52 week low of $30.51 and a 52 week high of $57.73. The firm has a 50 day simple moving average of $33.14 and a two-hundred day simple moving average of $37.30. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 76.50, a PEG ratio of 2.19 and a beta of 0.83.

Teradata (NYSE:TDC) last posted its earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. Teradata had a net margin of 2.31% and a return on equity of 70.34%. The company had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $461.93 million. During the same period last year, the company posted $0.40 earnings per share. Teradata’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts predict that Teradata Co. will post 1.15 earnings per share for the current fiscal year.

Insider Activity at Teradata

In other Teradata news, CEO Stephen Mcmillan sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $31.95, for a total transaction of $319,500.00. Following the transaction, the chief executive officer now owns 393,579 shares in the company, valued at approximately $12,574,849.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Stephen Mcmillan sold 10,000 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $31.95, for a total value of $319,500.00. Following the sale, the chief executive officer now owns 393,579 shares in the company, valued at $12,574,849.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Hutchinson sold 18,500 shares of the stock in a transaction on Thursday, May 9th. The stock was 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 in the company, 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 corporate insiders.

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.