The BlackRock Fund Advisors Increases Stake in Teradata Corp. (TDC)

The BlackRock Fund Advisors Increases Stake in Teradata Corp. (TDC)

BlackRock Fund Advisors boosted its position in Teradata Corp. (NYSE:TDC) by 0.4% during the third quarter, Holdings Channel reports. The firm owned 2,212,539 shares of the company’s stock after buying an additional 9,438 shares during the period. BlackRock Fund Advisors owned 1.71% of Teradata Corp. worth $68,589,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. increased its position in Teradata Corp. by 14.7% in the third quarter. Assetmark Inc. now owns 4,820 shares of the company’s stock worth $149,000 after buying an additional 619 shares during the period. Paradigm Asset Management Co. LLC increased its position in Teradata Corp. by 17.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,700 shares of the company’s stock worth $193,000 after buying an additional 1,146 shares during the period. Synovus Financial Corp purchased a new position in Teradata Corp. during the third quarter worth $237,000. Cognios Capital LLC increased its position in Teradata Corp. by 0.3% in the second quarter. Cognios Capital LLC now owns 9,552 shares of the company’s stock worth $239,000 after buying an additional 30 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in Teradata Corp. during the second quarter worth $252,000. 99.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of Teradata Corp. (NYSE:TDC) opened at 28.72 on Thursday. The company’s 50 day moving average price is $27.86 and its 200-day moving average price is $28.98. The stock has a market capitalization of $3.73 billion, a P/E ratio of 208.12 and a beta of 1.36. Teradata Corp. has a 12 month low of $22.10 and a 12 month high of $33.09.

Teradata Corp. (NYSE:TDC) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.17. The business had revenue of $606 million for the quarter, compared to analysts’ expectations of $556.26 million. Teradata Corp. had a return on equity of 34.54% and a net margin of 4.47%. The business’s revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. Equities analysts predict that Teradata Corp. will post $2.48 earnings per share for the current year.

A number of research analysts recently weighed in on TDC shares. Bank of America Corp. set a $32.00 price target on Teradata Corp. and gave the stock a “buy” rating in a research note on Monday, November 21st. Cowen and Company set a $29.00 price target on Teradata Corp. and gave the stock a “hold” rating in a research note on Saturday, November 19th. JMP Securities reaffirmed a “hold” rating on shares of Teradata Corp. in a research note on Saturday, November 19th. Zacks Investment Research raised Teradata Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. Finally, Pacific Crest reaffirmed a “neutral” rating on shares of Teradata Corp. in a research note on Friday, November 18th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. Teradata Corp. has an average rating of “Hold” and an average price target of $27.36.

In other Teradata Corp. news, EVP Daniel L. Harrington sold 11,681 shares of Teradata Corp. stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $28.00, for a total transaction of $327,068.00. Following the sale, the executive vice president now directly owns 51,324 shares of the company’s stock, valued at approximately $1,437,072. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Cary T. Fu sold 10,044 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $27.26, for a total value of $273,799.44. Following the completion of the sale, the director now directly owns 33,115 shares in the company, valued at $902,714.90. The disclosure for this sale can be found here. Company insiders own 2.64% of the company’s stock.

About Teradata Corp.

Teradata Corporation (Teradata) is a provider of analytic data platforms, marketing and analytic applications, and related services. The Company’s analytic data platforms consist of software, hardware and related business consulting and support services for data warehousing, and big data analytics. It operates in two segments: data and analytics, and marketing applications.

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