On September 3, 2023, it was reported that WINTON GROUP Ltd has reduced its stake in Teradata Co. (NYSE:TDC) by 9.7% during the first quarter of this year. This information was disclosed in their most recent Form 13F filing with the Securities & Exchange Commission. By the end of the quarter, WINTON GROUP Ltd owned 66,544 shares of Teradata’s stock, having sold 7,168 shares. The total value of their stake amounted to $2,680,000.
Teradata is a technology company that recently announced its earnings results on August 7th. The company reported earnings per share of $0.48 for the quarter, surpassing the consensus estimate of $0.45 by $0.03. Moreover, Teradata displayed a return on equity of 32.47% and a net margin of 3.21%. The company’s revenue for the quarter reached $462.00 million, exceeding analysts’ expectations of $445.09 million and displaying a growth rate of 7.4% compared to the same period last year.
The positive financial performance exhibited by Teradata in its recent earnings report bodes well for its future prospects in the market. Analysts are predicting that Teradata Co. will post earnings per share amounting to 1.02 for the current fiscal year.
Overall, these developments indicate that while WINTON GROUP Ltd has decreased its stake in Teradata Co., the technology company has demonstrated robust financial performance and remains well-positioned for future growth opportunities in its sector.
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Increasing Investor Interest and Positive Research Reports Suggest Promising Future for Teradata Co.
September 3, 2023 – Teradata Co. (NYSE: TDC), a leading technology company in the data and analytics sphere, has experienced significant activity from institutional investors in recent months. Several well-established investment firms have acquired stakes in Teradata, indicating a growing interest in the company.
One of these institutional investors is Point72 Asset Management L.P., which purchased a stake in Teradata worth approximately $59,279,000 during the fourth quarter. Similarly, Norges Bank invested around $41,629,000 in Teradata at the same time. Los Angeles Capital Management LLC also bought a stake in the company worth about $49,344,000 during the first quarter. Alyeska Investment Group L.P., meanwhile, acquired a stake worth approximately $34,371,000 during the fourth quarter of last year.
Chicago Capital LLC demonstrated particularly strong faith in Teradata by raising its position by 81.9% during the first quarter. This move resulted in Chicago Capital LLC now owning 1,132,555 shares of Teradata’s stock valued at $45,619,000.
All these transactions suggest that institutional investors and hedge funds now collectively own 91.02% of Teradata’s stock. This level of ownership indicates a high degree of confidence and highlights Teradata’s promising potential within the market.
Teradata’s prospects are further supported by positive research reports issued by reputable organizations. For example, Craig Hallum increased their price target for Teradata shares from $50 to $66 and rated them as “buy” in a recent research report published on August 8th. Morgan Stanley also raised their price target to an impressive $74 while issuing an “overweight” rating for the stock.
Other notable research reports include one from StockNews.com who initiated coverage with a “strong-buy” rating on August 23rd. However, TheStreet offered contrasting viewpoints by downgrading Teradata’s rating from “b-” to “c+” in a research report released on August 17th. Citigroup, on the other hand, raised their price target from $55 to $62 and issued a “buy” rating for Teradata’s stock.
Analyzing various reports, Bloomberg.com determined that Teradata currently has an average rating of “Moderate Buy” with an average target price of $54.00. This reinforces the notion that investors are optimistic about the company’s future growth potential.
In company insider news, Director Michael P. Gianoni recently sold shares totaling 29,053 at an average price of $51.57 per share, resulting in a total transaction value of $1,498,263.21. After this sale, Gianoni still holds 38,107 shares valued at approximately $1,965,177.99.
Similarly, CEO Stephen Mcmillan sold 12,500 shares at an average price of $49 per share on June 9th. Subsequently, Mcmillan is left with 532,997 shares valued at approximately $26,116,853.
Based on recent disclosures submitted to the Securities and Exchange Commission (SEC), corporate insiders have collectively sold 115,544 shares over the last 90 days. The total value of these sales amounts to $5,441,736 and represents around 0.90% of the company’s total stock ownership by insiders.
On Friday trading (September 3rd), Teradata Co.’s stock (NYSE: TDC) closed at $45.93 per share after dropping by $0.34 throughout the day’s trading session. A total of 194,629 shares were exchanged during this period compared to the company’s average volume of approximately 949k shares traded daily.
Teradata’s financial health presents a relatively solid picture – it boasts a debt-to-equity ratio of 2.58 and current and quick ratios of 0.97 and 0.96, respectively. With a 12-month low of $28.65 per share and a 12-month high of $57.73 per share, Teradata’s stock demonstrates considerable volatility within the market.
The company has achieved a market capitalization of $4.59 billion, with a price-to-earnings (P/E) ratio of 80.70 and a price-to-earnings-growth (PEG) ratio of 2.51. These figures suggest that investors may perceive Teradata as being relatively overvalued compared to its growth potential.
In conclusion, Teradata Co.’s recent activities with institutional investors and positive research reports reflect increasing excitement surrounding the company’s future prospects. However, the stock’s fluctuating performance in the market indicates some level of uncertainty amongst investors concerning its valuation vis-Ã -vis its growth potential. Moving forward, it remains to be seen whether Teradata can deliver on its promise as it navigates through an ever-changing technological landscape.
References:
– “Teradata Holdings Inc” Bloomberg.com (accessed September 3, 2023)
