IBM Retirement Fund reduced its stake in shares of Teradata Corporation (NYSE:TDC) by 6.6% during the third quarter, Holdings Channel reports. The firm owned 12,223 shares of the company’s stock after selling 867 shares during the period. IBM Retirement Fund’s holdings in Teradata Corporation were worth $379,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Neuberger Berman Group LLC increased its stake in shares of Teradata Corporation by 0.5% in the second quarter. Neuberger Berman Group LLC now owns 889,946 shares of the company’s stock valued at $22,311,000 after buying an additional 4,388 shares during the period. Airain ltd purchased a new stake in shares of Teradata Corporation during the second quarter valued at approximately $926,000. NCM Capital Advisers Inc. increased its stake in shares of Teradata Corporation by 43.0% in the second quarter. NCM Capital Advisers Inc. now owns 11,995 shares of the company’s stock valued at $301,000 after buying an additional 3,607 shares during the period. Nordea Investment Management AB increased its stake in shares of Teradata Corporation by 122.0% in the second quarter. Nordea Investment Management AB now owns 217,409 shares of the company’s stock valued at $5,450,000 after buying an additional 119,491 shares during the period. Finally, Chicago Equity Partners LLC increased its stake in shares of Teradata Corporation by 5.7% in the second quarter. Chicago Equity Partners LLC now owns 71,080 shares of the company’s stock valued at $1,782,000 after buying an additional 3,850 shares during the period. Institutional investors and hedge funds own 99.75% of the company’s stock.
Shares of Teradata Corporation (NYSE:TDC) traded up 1.84% during midday trading on Wednesday, hitting $28.72. 1,942,135 shares of the stock traded hands. The firm’s 50-day moving average is $27.86 and its 200 day moving average is $28.98. Teradata Corporation has a 52 week low of $21.98 and a 52 week high of $33.09. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 208.12 and a beta of 1.36.
Teradata Corporation (NYSE:TDC) last posted its earnings results on Thursday, October 27th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.17. The firm earned $606 million during the quarter, compared to analysts’ expectations of $556.26 million. Teradata Corporation had a net margin of 4.47% and a return on equity of 34.54%. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share. Equities analysts forecast that Teradata Corporation will post $2.48 earnings per share for the current year.
Several equities research analysts recently commented on the stock. Wells Fargo & Company started coverage on shares of Teradata Corporation in a research report on Wednesday, January 11th. They issued an “underperform” rating for the company. Pacific Crest reiterated a “neutral” rating on shares of Teradata Corporation in a research note on Friday, November 18th. Cowen and Company reiterated a “market perform” rating and issued a $29.00 price objective on shares of Teradata Corporation in a research note on Friday, November 18th. Zacks Investment Research lowered shares of Teradata Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, December 28th. Finally, Bank of America Corporation set a $32.00 price objective on shares of Teradata Corporation and gave the company a “buy” rating in a research note on Monday, November 21st. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. Teradata Corporation has an average rating of “Hold” and an average price target of $27.36.
In other news, EVP Oliver Ratzesberger sold 4,192 shares of the firm’s stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $27.20, for a total transaction of $114,022.40. Following the completion of the sale, the executive vice president now owns 26,398 shares of the company’s stock, valued at approximately $718,025.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Cary T. Fu sold 10,044 shares of the firm’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 transaction of $273,799.44. Following the sale, the director now directly owns 33,115 shares of the company’s stock, valued at approximately $902,714.90. The disclosure for this sale can be found here. 2.64% of the stock is owned by insiders.
About Teradata Corporation
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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