Hanson & Doremus Investment Management cut its stake in shares of Teradata Corp. (NYSE:TDC) by 7.2% during the second quarter, Holdings Channel reports. The institutional investor owned 8,333 shares of the company’s stock after selling 650 shares during the period. Hanson & Doremus Investment Management’s holdings in Teradata Corp. were worth $209,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. acquired a new position in shares of Teradata Corp. during the first quarter valued at about $136,000. Creative Planning raised 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 last quarter. ING Groep NV acquired a new position in shares of Teradata Corp. during the first quarter valued at about $201,000. Simmons Bank acquired a new position in shares of Teradata Corp. during the first quarter valued at about $325,000. Finally, Daiwa Securities Group Inc. raised its position in shares of 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 hedge funds and other institutional investors.
Teradata Corp. (NYSE:TDC) traded up 1.075% on Tuesday, reaching $29.605. The company had a trading volume of 533,104 shares. The company’s 50 day moving average is $30.44 and its 200-day moving average is $28.29. Teradata Corp. has a one year low of $21.98 and a one year high of $33.09. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 83.630 and a beta of 1.33.
Teradata Corp. (NYSE:TDC) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ 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 last year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, equities research analysts expect that Teradata Corp. will post $2.44 earnings per share for the current fiscal year.
TDC has been the topic of several recent analyst reports. Zacks Investment Research upgraded Teradata Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. TheStreet upgraded Teradata Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Deutsche Bank AG lifted their price target on Teradata Corp. from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Summit Redstone reiterated a “hold” rating on shares of Teradata Corp. in a research note on Tuesday, July 12th. Finally, Cowen and Company initiated coverage on Teradata Corp. in a research note on Thursday, June 23rd. They issued a “market perform” rating and a $30.00 price target on the stock. Five investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $26.50.
In related news, Director Nancy E. Cooper sold 1,840 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $31.06, for a total value of $57,150.40. Following the sale, the director now directly owns 35,157 shares of the company’s stock, valued at $1,091,976.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Oliver Ratzesberger sold 2,015 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $31.62, for a total value of $63,714.30. Following the completion of the sale, the executive vice president now directly owns 37,468 shares in the company, valued at $1,184,738.16. 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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