ING Groep NV Buys 48,700 Shares of Teradata Co. (NYSE:TDC)

ING Groep NV raised its stake in shares of Teradata Co. (NYSE:TDC) by 238.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,100 shares of the technology company’s stock after buying an additional 48,700 shares during the quarter. ING Groep NV owned about 0.07% of Teradata worth $2,096,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Crewe Advisors LLC purchased a new position in shares of Teradata in the 2nd quarter worth about $26,000. GAMMA Investing LLC increased its stake in Teradata by 88.0% during the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after purchasing an additional 447 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in Teradata by 111.4% in the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after buying an additional 507 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Teradata by 75.2% in the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock worth $40,000 after buying an additional 569 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Teradata by 2,934.1% during the third quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock valued at $44,000 after buying an additional 1,291 shares during the last quarter. 90.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Teradata news, insider Margaret A. Treese sold 5,500 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the completion of the sale, the insider now owns 96,783 shares of the company’s stock, valued at $2,758,315.50. This trade represents a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the transaction, the insider now directly owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 10.97 % decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.

Teradata Stock Performance

Teradata stock opened at $28.97 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01. Teradata Co. has a twelve month low of $24.02 and a twelve month high of $49.44. The company’s 50-day moving average price is $30.33 and its 200-day moving average price is $31.24. The company has a market cap of $2.77 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.92 and a beta of 0.80.

Teradata (NYSE:TDC) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. The business had revenue of $440.00 million for the quarter, compared to the consensus estimate of $417.71 million. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. On average, equities research analysts forecast that Teradata Co. will post 1.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Evercore ISI upped their price objective on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Barclays lowered their price target on Teradata from $30.00 to $29.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. TD Cowen lowered their target price on shares of Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, Northland Securities dropped their price target on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Teradata currently has a consensus rating of “Hold” and a consensus target price of $39.91.

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.