Dynamic Technology Lab Private Ltd acquired a new position in Teradata Corp. (NYSE:TDC) during the second quarter, Holdings Channel reports. The institutional investor acquired 17,587 shares of the company’s stock, valued at approximately $441,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. bought a new position in shares of Teradata Corp. during the second quarter valued at approximately $104,000. Assetmark Inc. boosted its position in shares of Teradata Corp. by 4,059.4% in the second quarter. Assetmark Inc. now owns 4,201 shares of the company’s stock valued at $105,000 after buying an additional 4,100 shares during the period. NN Investment Partners Holdings N.V. bought a new position in shares of Teradata Corp. during the first quarter valued at approximately $136,000. Creative Planning boosted its position in shares of Teradata Corp. by 1.4% in the second quarter. Creative Planning now owns 5,965 shares of the company’s stock valued at $150,000 after buying an additional 82 shares during the period. Finally, ING Groep NV bought a new position in shares of Teradata Corp. during the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 99.45% of the company’s stock.
Shares of Teradata Corp. (NYSE:TDC) traded up 0.94% during trading on Wednesday, hitting $30.16. The stock had a trading volume of 28,744 shares. The company has a market cap of $3.93 billion, a PE ratio of 85.20 and a beta of 1.16. Teradata Corp. has a 1-year low of $21.98 and a 1-year high of $33.09. The firm’s 50 day moving average is $31.15 and its 200 day moving average is $27.79.
Teradata Corp. (NYSE:TDC) last released its earnings results on Tuesday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.11. The company earned $599 million during the quarter, compared to analyst estimates of $560.67 million. Teradata Corp. had a return on equity of 32.66% and a net margin of 5.55%. Teradata Corp.’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. Equities research analysts anticipate that Teradata Corp. will post $2.44 EPS for the current fiscal year.
TDC has been the subject of several recent research reports. William Blair reissued a “market perform” rating on shares of Teradata Corp. in a research report on Friday, September 16th. Zacks Investment Research cut Teradata Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Mizuho reissued a “neutral” rating and set a $28.00 price target on shares of Teradata Corp. in a research report on Tuesday, August 23rd. Cowen and Company initiated coverage on Teradata Corp. in a research report on Thursday, June 23rd. They set a “market perform” rating and a $30.00 price target for the company. Finally, Morgan Stanley reaffirmed a “sell” rating and issued a $26.00 price objective on shares of Teradata Corp. in a research report on Wednesday, August 3rd. Five research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Teradata Corp. has a consensus rating of “Hold” and a consensus price target of $26.50.
In related news, Director Nancy E. Cooper sold 1,840 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $31.06, for a total value of $57,150.40. Following the transaction, the director now owns 35,157 shares in the company, valued at $1,091,976.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Oliver Ratzesberger sold 2,015 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $31.62, for a total value of $63,714.30. Following the completion of the transaction, the executive vice president now owns 37,468 shares in the company, valued at approximately $1,184,738.16. The disclosure for this sale can be found here. 2.64% of the stock is owned by insiders.
Teradata Corp. Company Profile
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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