Redwood Investment Management LLC Purchases Shares of 40,760 Teradata Corporation $TDC

Redwood Investment Management LLC purchased a new position in Teradata Corporation (NYSE:TDC) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 40,760 shares of the technology company’s stock, valued at approximately $1,045,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TDC. Sound Income Strategies LLC grew its position in shares of Teradata by 1,162.8% during the fourth quarter. Sound Income Strategies LLC now owns 985 shares of the technology company’s stock valued at $29,000 after purchasing an additional 907 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Teradata by 197.5% in the fourth quarter. Parallel Advisors LLC now owns 1,529 shares of the technology company’s stock worth $47,000 after buying an additional 1,015 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in Teradata by 25,800.0% during the first quarter. SJS Investment Consulting Inc. now owns 1,813 shares of the technology company’s stock valued at $46,000 after buying an additional 1,806 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Teradata by 52.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,883 shares of the technology company’s stock valued at $57,000 after buying an additional 651 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Teradata by 129.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,090 shares of the technology company’s stock valued at $64,000 after buying an additional 1,178 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Teradata Stock Up 3.9%

Shares of NYSE:TDC opened at $32.20 on Tuesday. The firm has a market capitalization of $3.03 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 2.28 and a beta of 0.60. The business has a 50 day simple moving average of $32.51 and a two-hundred day simple moving average of $30.13. Teradata Corporation has a 1 year low of $19.96 and a 1 year high of $41.78. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 1.29.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.11. Teradata had a return on equity of 57.44% and a net margin of 24.93%.The firm had revenue of $444.00 million for the quarter, compared to the consensus estimate of $430.10 million. During the same period in the prior year, the business posted $0.66 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts predict that Teradata Corporation will post 1.78 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of Teradata in a research note on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Teradata in a research report on Wednesday, June 24th. Wall Street Zen raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 26th. UBS Group reduced their price target on shares of Teradata from $36.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $49.00 price target on shares of Teradata in a research note on Wednesday, June 10th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Teradata presently has a consensus rating of “Hold” and a consensus price target of $35.56.

Insider Buying and Selling at Teradata

In other Teradata news, Director Timothy C. K. Chou sold 5,657 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $33.72, for a total value of $190,754.04. Following the sale, the director owned 39,210 shares in the company, valued at $1,322,161.20. This trade represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Mcmillan sold 20,000 shares of Teradata stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $31.71, for a total value of $634,200.00. Following the sale, the chief executive officer owned 762,446 shares of the company’s stock, valued at approximately $24,177,162.66. This trade represents a 2.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 77,201 shares of company stock valued at $2,486,235 in the last quarter. 0.96% of the stock is owned by insiders.

About Teradata

Teradata Corporation is a global provider of enterprise analytics and data management solutions designed to help organizations unlock value from their data assets. The company offers both cloud-based and on-premises platforms that support data warehousing, big data analytics, and machine learning. Through its flagship analytics ecosystem, Teradata enables businesses to integrate, analyze, and manage large volumes of structured and unstructured data at scale.

Central to Teradata’s product suite is the Teradata Vantage analytics platform, which unifies diverse data types across multiple environments—including public and private clouds—into a single, coherent architecture.