Watershed Asset Management L.L.C. Makes New Investment in Teradata Co. (NYSE:TDC)

Watershed Asset Management L.L.C. acquired a new position in Teradata Co. (NYSE:TDC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,808 shares of the technology company’s stock, valued at approximately $296,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TDC. North Star Investment Management Corp. acquired a new position in shares of Teradata in the 4th quarter valued at approximately $26,000. Smithfield Trust Co acquired a new position in shares of Teradata in the 3rd quarter valued at approximately $34,000. GAMMA Investing LLC acquired a new position in shares of Teradata in the 4th quarter valued at approximately $47,000. Ronald Blue Trust Inc. raised its position in shares of Teradata by 206.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,772 shares of the technology company’s stock valued at $80,000 after buying an additional 1,194 shares in the last quarter. Finally, CWM LLC raised its position in shares of Teradata by 108.1% in the 3rd quarter. CWM LLC now owns 1,833 shares of the technology company’s stock valued at $83,000 after buying an additional 952 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Teradata Trading Up 0.2 %

TDC traded up $0.08 during trading on Tuesday, reaching $36.78. 681,845 shares of the company’s stock were exchanged, compared to its average volume of 1,105,195. Teradata Co. has a one year low of $35.36 and a one year high of $57.73. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 4.02. The stock has a market capitalization of $3.59 billion, a PE ratio of 60.30, a price-to-earnings-growth ratio of 1.60 and a beta of 0.95. The firm has a fifty day moving average price of $37.83 and a two-hundred day moving average price of $42.77.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Monday, February 12th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The company had revenue of $457.00 million for the quarter, compared to analyst estimates of $455.84 million. During the same period in the prior year, the firm posted $0.05 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts forecast that Teradata Co. will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at approximately $20,191,702.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction on Friday, March 1st. The shares were 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 approximately $5,868,564.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen Mcmillan sold 40,597 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the transaction, the chief executive officer now owns 528,302 shares in the company, valued at approximately $20,191,702.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,615 shares of company stock valued at $2,903,644. 0.86% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TDC. Citigroup boosted their target price on shares of Teradata from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Morgan Stanley lowered shares of Teradata from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $74.00 to $48.00 in a report on Tuesday, February 13th. Barclays decreased their price target on shares of Teradata from $43.00 to $39.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. StockNews.com lowered shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. Finally, Royal Bank of Canada decreased their price target on shares of Teradata from $59.00 to $48.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Teradata has a consensus rating of “Moderate Buy” and a consensus target price of $56.90.

About Teradata

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.