Sumitomo Mitsui DS Asset Management Company Ltd Buys 454 Shares of Teradata Co. (NYSE:TDC)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Teradata Co. (NYSE:TDC) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,537 shares of the technology company’s stock after purchasing an additional 454 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Teradata were worth $284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TDC. Federated Hermes Inc. grew its holdings in shares of Teradata by 616.4% during the 4th quarter. Federated Hermes Inc. now owns 617,653 shares of the technology company’s stock worth $26,874,000 after acquiring an additional 531,440 shares during the period. Vanguard Group Inc. raised its holdings in Teradata by 4.4% in the third quarter. Vanguard Group Inc. now owns 11,671,512 shares of the technology company’s stock worth $525,451,000 after purchasing an additional 496,702 shares in the last quarter. American Century Companies Inc. raised its holdings in Teradata by 21.2% in the third quarter. American Century Companies Inc. now owns 2,585,939 shares of the technology company’s stock worth $116,419,000 after purchasing an additional 451,816 shares in the last quarter. Invesco Ltd. lifted its position in Teradata by 124.5% during the third quarter. Invesco Ltd. now owns 594,626 shares of the technology company’s stock valued at $26,770,000 after buying an additional 329,808 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Teradata by 40.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,117,281 shares of the technology company’s stock valued at $50,300,000 after buying an additional 319,855 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Wall Street Analysts Forecast Growth

TDC has been the subject of a number of recent research reports. Morgan Stanley cut shares of Teradata from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $74.00 to $48.00 in a research report on Tuesday, February 13th. JMP Securities reissued a “market outperform” rating and issued a $72.00 price target on shares of Teradata in a research report on Tuesday, February 13th. Barclays reduced their price objective on Teradata from $43.00 to $39.00 and set an “underweight” rating for the company in a research report on Monday, April 15th. StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. Finally, Royal Bank of Canada cut their target price on Teradata from $59.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Teradata presently has a consensus rating of “Moderate Buy” and an average target price of $56.90.

Insider Activity at Teradata

In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total value of $1,551,617.34. Following the transaction, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the transaction, the chief executive officer now directly owns 528,302 shares in the company, valued at $20,191,702.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total value of $987,151.75. Following the completion of the sale, the insider now owns 127,595 shares of the company’s stock, valued at approximately $4,793,744.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,615 shares of company stock worth $2,903,644. 0.92% of the stock is owned by insiders.

Teradata Price Performance

Shares of NYSE:TDC opened at $37.63 on Friday. The business has a 50-day simple moving average of $37.80 and a two-hundred day simple moving average of $42.73. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 61.69, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. Teradata Co. has a fifty-two week low of $35.36 and a fifty-two week high of $57.73.

Teradata (NYSE:TDC) last issued its quarterly earnings data on Monday, February 12th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $455.84 million. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 earnings per share. On average, analysts expect that Teradata Co. will post 1.27 earnings per share for the current year.

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.