Hsbc Holdings PLC decreased its stake in Teradata Corporation (NYSE:TDC – Free Report) by 54.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,713 shares of the technology company’s stock after selling 37,750 shares during the period. Hsbc Holdings PLC’s holdings in Teradata were worth $972,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in TDC. Sound Income Strategies LLC lifted its stake in shares of Teradata by 1,162.8% in the fourth quarter. Sound Income Strategies LLC now owns 985 shares of the technology company’s stock worth $29,000 after acquiring an additional 907 shares during the period. Parallel Advisors LLC increased its position in Teradata by 197.5% during the 4th quarter. Parallel Advisors LLC now owns 1,529 shares of the technology company’s stock valued at $47,000 after purchasing an additional 1,015 shares during the period. Steward Partners Investment Advisory LLC increased its position in Teradata by 52.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,883 shares of the technology company’s stock valued at $57,000 after purchasing an additional 651 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Teradata by 129.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,090 shares of the technology company’s stock worth $64,000 after purchasing an additional 1,178 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in Teradata during the 4th quarter worth approximately $91,000. 90.31% of the stock is currently owned by institutional investors.
Teradata Stock Performance
NYSE:TDC opened at $33.94 on Tuesday. The company has a fifty day moving average of $33.14 and a 200-day moving average of $30.21. The firm has a market capitalization of $3.19 billion, a P/E ratio of 7.78, a P/E/G ratio of 2.53 and a beta of 0.59. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. Teradata Corporation has a twelve month low of $19.83 and a twelve month high of $41.78.
Insider Activity
In other news, Director Timothy C. K. Chou sold 5,657 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $33.72, for a total transaction of $190,754.04. Following the transaction, the director owned 39,210 shares of the company’s stock, valued at $1,322,161.20. This represents a 12.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Richard J. Petley sold 34,317 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $30.84, for a total transaction of $1,058,336.28. Following the transaction, the executive directly owned 207,627 shares in the company, valued at $6,403,216.68. This trade represents a 14.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 77,201 shares of company stock worth $2,486,235. Company insiders own 0.96% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on TDC shares. Citigroup reaffirmed a “market outperform” rating on shares of Teradata in a research note on Friday, May 22nd. UBS Group lowered their target price on shares of Teradata from $36.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Citizens Jmp restated a “market outperform” rating and issued a $49.00 target price on shares of Teradata in a report on Wednesday, June 10th. Wall Street Zen raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Teradata in a report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $35.67.
Read Our Latest Stock Analysis on TDC
About Teradata
Teradata Corporation is a global provider of enterprise analytics and data management solutions designed to help organizations unlock value from their data assets. The company offers both cloud-based and on-premises platforms that support data warehousing, big data analytics, and machine learning. Through its flagship analytics ecosystem, Teradata enables businesses to integrate, analyze, and manage large volumes of structured and unstructured data at scale.
Central to Teradata’s product suite is the Teradata Vantage analytics platform, which unifies diverse data types across multiple environments—including public and private clouds—into a single, coherent architecture.
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