171,217 Shares in Teradata Co. (NYSE:TDC) Purchased by Teachers Retirement System of The State of Kentucky

Posted by Defense World Staff on Mar 19th, 2023

Teachers Retirement System of The State of Kentucky bought a new position in shares of Teradata Co. (NYSE:TDC – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 171,217 shares of the technology company’s stock, valued at approximately $5,318,000. Teachers Retirement System of The State of Kentucky owned approximately 0.17% of Teradata at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Scout Investments Inc. grew its stake in Teradata by 49.8% during the 3rd quarter. Scout Investments Inc. now owns 2,461,779 shares of the technology company’s stock worth $76,463,000 after buying an additional 818,405 shares during the last quarter. Lynrock Lake LP raised its holdings in Teradata by 12.5% during the third quarter. Lynrock Lake LP now owns 5,066,666 shares of the technology company’s stock worth $157,371,000 after purchasing an additional 562,700 shares during the last quarter. AQR Capital Management LLC raised its holdings in Teradata by 41.8% during the second quarter. AQR Capital Management LLC now owns 1,874,849 shares of the technology company’s stock worth $68,432,000 after purchasing an additional 552,870 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Teradata by 151.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 742,333 shares of the technology company’s stock worth $36,590,000 after purchasing an additional 446,630 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Teradata by 92.8% during the second quarter. Goldman Sachs Group Inc. now owns 921,212 shares of the technology company’s stock worth $34,094,000 after purchasing an additional 443,486 shares during the last quarter. Institutional investors and hedge funds own 90.92% of the company’s stock.

Insider Buying and Selling at Teradata

In other Teradata news, CRO Todd Cione sold 16,840 shares of the stock in a transaction on Friday, January 6th. The stock was sold at an average price of $33.56, for a total transaction of $565,150.40. Following the completion of the transaction, the executive now directly owns 145,926 shares of the company’s stock, valued at approximately $4,897,276.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Teradata news, insider Kathleen R. Cullen-Cote sold 24,400 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $40.78, for a total transaction of $995,032.00. Following the completion of the transaction, the insider now directly owns 121,489 shares of the company’s stock, valued at approximately $4,954,321.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Todd Cione sold 16,840 shares of the stock in a transaction on Friday, January 6th. The shares were sold at an average price of $33.56, for a total value of $565,150.40. Following the sale, the executive now owns 145,926 shares of the company’s stock, valued at approximately $4,897,276.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,240 shares of company stock valued at $1,760,182. 0.92% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Guggenheim assumed coverage on Teradata in a report on Thursday, January 26th. They issued a “neutral” rating for the company. Craig Hallum lifted their price objective on Teradata from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, February 14th. Barclays lifted their price objective on Teradata from $33.00 to $35.00 and gave the company an “underweight” rating in a research report on Tuesday, February 14th. Cowen lifted their price objective on Teradata from $36.00 to $40.00 and gave the company a “market perform” rating in a research report on Tuesday, February 14th. Finally, Royal Bank of Canada lifted their price objective on Teradata from $37.00 to $43.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.00.

Teradata Stock Performance

Shares of TDC stock opened at $37.85 on Friday. Teradata Co. has a 12-month low of $28.65 and a 12-month high of $50.99. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 126.17, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91. The business has a 50 day simple moving average of $37.08 and a 200 day simple moving average of $33.87. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.02 and a quick ratio of 1.01.

Teradata (NYSE:TDC – Get Rating) last issued its quarterly earnings data on Monday, February 13th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Teradata had a return on equity of 28.46% and a net margin of 1.84%. The business had revenue of $452.00 million during the quarter, compared to analyst estimates of $435.63 million. During the same period in the prior year, the company posted $0.34 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Teradata Co. will post 0.98 EPS for the current year.

Teradata Company Profile

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Teradata Corp. is a cloud data analytics company which is built for a multi-cloud reality and solving data challenges at scale. It operates through the following geographical segments: Americas, EMEA, and APJ. The company was founded on July 13, 1979, and is headquartered in San Diego, CA.