Teradata Co. (NYSE:TDC) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp increased its position in shares of Teradata Co. (NYSE:TDC) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 161,550 shares of the technology company’s stock after purchasing an additional 15,096 shares during the quarter. Mackenzie Financial Corp’s holdings in Teradata were worth $7,029,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. North Star Investment Management Corp. acquired a new position in Teradata during the fourth quarter worth $26,000. Smithfield Trust Co acquired a new position in Teradata during the third quarter worth $34,000. Canada Pension Plan Investment Board acquired a new position in Teradata during the first quarter worth $44,000. Quantbot Technologies LP acquired a new position in Teradata during the first quarter worth $71,000. Finally, Rockefeller Capital Management L.P. raised its holdings in Teradata by 126.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,633 shares of the technology company’s stock worth $54,000 after purchasing an additional 912 shares during the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JMP Securities reissued a “market outperform” rating and set a $72.00 price target on shares of Teradata in a research report on Tuesday, February 13th. Bank of America downgraded Teradata from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $58.00 to $48.00 in a research report on Tuesday, February 13th. StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 12th. Morgan Stanley downgraded Teradata from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $74.00 to $48.00 in a research report on Tuesday, February 13th. Finally, Citigroup raised their price target on Teradata from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.90.

Insider Activity at Teradata

In related news, insider Hillary Ashton sold 9,743 shares of Teradata stock in a transaction on Friday, March 1st. The stock was sold at an average price of $37.45, for a total value of $364,875.35. Following the transaction, the insider now owns 156,704 shares in the company, valued at $5,868,564.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Teradata news, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $37.45, for a total transaction of $364,875.35. Following the transaction, the insider now owns 156,704 shares in the company, valued at $5,868,564.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the business’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 transaction, the insider now owns 127,595 shares in the company, valued at approximately $4,793,744.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have 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 $36.33 on Friday. Teradata Co. has a 52 week low of $35.36 and a 52 week high of $57.73. The company has a market cap of $3.55 billion, a P/E ratio of 59.56, a P/E/G ratio of 1.60 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 4.02. The business has a fifty day simple moving average of $38.10 and a 200-day simple moving average of $42.91.

Teradata (NYSE:TDC) last issued its earnings results 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. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The firm had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $455.84 million. During the same quarter last year, the firm earned $0.05 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts forecast that Teradata Co. will post 1.27 EPS for the current year.

Teradata Company 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.