Teacher Retirement System of Texas increased its stake in shares of Teradata Corp. (NYSE:TDC) by 148.1% during the second quarter, Holdings Channel reports. The fund owned 17,968 shares of the company’s stock after buying an additional 10,725 shares during the period. Teacher Retirement System of Texas’ holdings in Teradata Corp. were worth $450,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Teradata Corp. during the second quarter valued at approximately $104,000. Assetmark Inc. boosted its position in Teradata Corp. by 4,059.4% in the second quarter. Assetmark Inc. now owns 4,201 shares of the company’s stock worth $105,000 after buying an additional 4,100 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Teradata Corp. during the first quarter worth about $136,000. Creative Planning boosted its position in Teradata Corp. by 1.4% in the second quarter. Creative Planning now owns 5,965 shares of the company’s stock worth $150,000 after buying an additional 82 shares during the last quarter. Finally, ING Groep NV acquired a new position in Teradata Corp. during the first quarter worth about $201,000. Institutional investors and hedge funds own 99.45% of the company’s stock.
Shares of Teradata Corp. (NYSE:TDC) traded down 0.23% during midday trading on Friday, hitting $30.29. The stock had a trading volume of 1,301,650 shares. The stock’s 50-day moving average is $30.79 and its 200-day moving average is $28.13. Teradata Corp. has a 12 month low of $21.98 and a 12 month high of $33.09. The stock has a market cap of $3.95 billion, a PE ratio of 85.56 and a beta of 1.33.
Teradata Corp. (NYSE:TDC) last posted its earnings results on Tuesday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 previous year, the firm earned $0.53 earnings per share. The business’s revenue was down 3.9% compared to the same quarter last year. Equities analysts anticipate that Teradata Corp. will post $2.44 EPS for the current year.
A number of research firms have issued reports on TDC. Zacks Investment Research upgraded Teradata Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Cowen and Company restated a “market perform” rating and set a $32.00 price target on shares of Teradata Corp. in a report on Tuesday, September 13th. Morgan Stanley restated a “sell” rating and set a $26.00 price target on shares of Teradata Corp. in a report on Wednesday, August 3rd. Mizuho increased their price target on Teradata Corp. from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, August 3rd. Finally, Summit Redstone restated a “hold” rating on shares of Teradata Corp. in a report on Tuesday, July 12th. Five research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. Teradata Corp. has an average rating of “Hold” and a consensus target price of $26.50.
In related news, EVP Oliver Ratzesberger sold 2,015 shares of Teradata Corp. stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $31.62, for a total transaction of $63,714.30. Following the sale, the executive vice president now directly owns 37,468 shares in the company, valued at $1,184,738.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nancy E. Cooper sold 1,840 shares of Teradata Corp. stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $31.06, for a total value of $57,150.40. Following the sale, the director now owns 35,157 shares in the company, valued at $1,091,976.42. The disclosure for this sale can be found here. 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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