Mercer Global Advisors Inc. ADV Increases Stock Position in Teradata Co. (NYSE:TDC)

Mercer Global Advisors Inc. ADV raised its holdings in shares of Teradata Co. (NYSE:TDC – Get Rating) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,039 shares of the technology company’s stock after purchasing an additional 734 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Teradata were worth $304,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Lynrock Lake LP boosted its position in shares of Teradata by 12.5% during the third quarter. Lynrock Lake LP now owns 5,066,666 shares of the technology company’s stock valued at $157,371,000 after buying an additional 562,700 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Teradata by 151.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 742,333 shares of the technology company’s stock valued at $36,590,000 after purchasing an additional 446,630 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Teradata by 92.8% in 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. Capital International Investors grew its position in Teradata by 11.2% in the 1st quarter. Capital International Investors now owns 3,843,434 shares of the technology company’s stock worth $189,443,000 after purchasing an additional 388,599 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Teradata by 936.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 396,053 shares of the technology company’s stock valued at $13,331,000 after buying an additional 357,847 shares during the last quarter. Institutional investors own 90.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Citigroup boosted their price target on Teradata from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, February 15th. Morgan Stanley increased their price target on shares of Teradata from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 14th. 92 Resources reissued a “maintains” rating on shares of Teradata in a research report on Friday, April 28th. Cowen raised their target price on Teradata from $36.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, February 14th. Finally, Guggenheim raised Teradata from a “neutral” rating to a “buy” rating and set a $62.00 price target for the company in a report on Monday, May 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.44.

Insider Activity

In related news, CFO Claire Bramley sold 4,528 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $44.21, for a total transaction of $200,182.88. Following the completion of the transaction, the chief financial officer now directly owns 120,920 shares of the company’s stock, valued at $5,345,873.20. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Claire Bramley sold 4,528 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $44.21, for a total value of $200,182.88. Following the sale, the chief financial officer now directly owns 120,920 shares in the company, valued at approximately $5,345,873.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kathleen R. Cullen-Cote sold 24,400 shares of Teradata stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $40.78, for a total value of $995,032.00. Following the completion of the transaction, the insider now owns 121,489 shares of the company’s stock, valued at approximately $4,954,321.42. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.

Teradata Stock Performance

TDC opened at $44.66 on Thursday. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 124.06, a PEG ratio of 2.41 and a beta of 0.92. The company has a fifty day moving average of $41.10 and a 200 day moving average of $37.25. Teradata Co. has a fifty-two week low of $28.65 and a fifty-two week high of $46.53.

Teradata 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.