Virtu Financial LLC acquired a new position in shares of Teradata Co. (NYSE:TDC) during the 4th quarter, Holdings Channel reports. The firm acquired 9,320 shares of the technology company’s stock, valued at approximately $358,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Global X MANAGEMENT CO LLC increased its stake in shares of Teradata by 16.8% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 10,689 shares of the technology company’s stock worth $361,000 after purchasing an additional 1,535 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Teradata by 22.7% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 9,594 shares of the technology company’s stock worth $324,000 after buying an additional 1,775 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Teradata by 43.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,439 shares of the technology company’s stock worth $286,000 after buying an additional 2,256 shares during the period. Columbia Partners L L C Investment Management boosted its holdings in shares of Teradata by 7.1% during the 3rd quarter. Columbia Partners L L C Investment Management now owns 44,822 shares of the technology company’s stock worth $1,514,000 after buying an additional 2,968 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Teradata by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,276,916 shares of the technology company’s stock worth $43,147,000 after buying an additional 5,166 shares during the period. Institutional investors own 97.94% of the company’s stock.
Shares of Teradata Co. (NYSE:TDC) opened at $42.40 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.72. The stock has a market cap of $5,210.00, a PE ratio of 86.53, a price-to-earnings-growth ratio of 13.06 and a beta of 1.26. Teradata Co. has a twelve month low of $27.05 and a twelve month high of $42.84.
Teradata announced that its board has initiated a share buyback plan on Thursday, February 8th that allows the company to repurchase $310.00 million in shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
Several analysts recently commented on TDC shares. Morgan Stanley raised shares of Teradata from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $31.00 to $40.00 in a report on Tuesday, January 23rd. Bank of America reduced their target price on shares of Teradata from $48.00 to $45.00 and set a “buy” rating for the company in a report on Friday, February 9th. Wells Fargo & Co lifted their target price on shares of Teradata from $27.50 to $30.00 and gave the stock an “underperform” rating in a report on Friday, February 9th. Cowen raised shares of Teradata from a “market perform” rating to an “outperform” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Teradata from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Teradata presently has a consensus rating of “Hold” and a consensus target price of $34.82.
In other Teradata news, Director James M. Ringler sold 7,496 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $41.85, for a total value of $313,707.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Laura K. Nyquist sold 52,379 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $41.52, for a total transaction of $2,174,776.08. The disclosure for this sale can be found here. Insiders sold a total of 67,371 shares of company stock valued at $2,761,638 in the last three months. Insiders own 1.73% of the company’s stock.
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Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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