Johnston Asset Management LLC cut its stake in shares of Teradata Corp. (NYSE:TDC) by 6.8% during the second quarter, Holdings Channel reports. The fund owned 273,150 shares of the company’s stock after selling 19,950 shares during the period. Johnston Asset Management LLC’s holdings in Teradata Corp. were worth $6,848,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. NN Investment Partners Holdings N.V. bought a new stake in Teradata Corp. during the first quarter valued at about $136,000. Creative Planning raised its stake in 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 last quarter. ING Groep NV bought a new stake in Teradata Corp. during the first quarter valued at about $201,000. Simmons Bank bought a new stake in Teradata Corp. during the first quarter valued at about $325,000. Finally, Daiwa Securities Group Inc. raised its stake in Teradata Corp. by 345.7% in the second quarter. Daiwa Securities Group Inc. now owns 15,600 shares of the company’s stock valued at $391,000 after buying an additional 12,100 shares during the last quarter. 99.45% of the stock is owned by institutional investors and hedge funds.
Shares of Teradata Corp. (NYSE:TDC) traded up 0.37% on Tuesday, hitting $29.55. The stock had a trading volume of 1,671,080 shares. Teradata Corp. has a 12-month low of $21.98 and a 12-month high of $33.09. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 83.47 and a beta of 1.33. The stock has a 50 day moving average of $30.96 and a 200 day moving average of $28.05.
Teradata Corp. (NYSE:TDC) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. Teradata Corp. had a return on equity of 32.66% and a net margin of 5.55%. The firm had revenue of $599 million for the quarter, compared to analysts’ expectations of $560.67 million. During the same period in the prior year, the firm posted $0.53 earnings per share. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. Equities analysts predict that Teradata Corp. will post $2.44 earnings per share for the current fiscal year.
Several research firms have recently issued reports on TDC. Zacks Investment Research raised Teradata Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. Cowen and Company reaffirmed a “market perform” rating and issued a $32.00 price objective on shares of Teradata Corp. in a research note on Tuesday, September 13th. Morgan Stanley reaffirmed a “sell” rating and issued a $26.00 price objective on shares of Teradata Corp. in a research note on Wednesday, August 3rd. Mizuho raised their price objective on Teradata Corp. from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, August 3rd. Finally, Summit Redstone reaffirmed a “hold” rating on shares of Teradata Corp. in a research note on Tuesday, July 12th. Five investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average 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 directly owns 35,157 shares in the company, valued at $1,091,976.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 $1,184,738.16. The disclosure for this sale can be found here. 2.64% of the stock is owned by corporate 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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