New Mexico Educational Retirement Board reduced its position in Teradata Co. (NYSE:TDC) by 15.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,300 shares of the technology company’s stock after selling 3,800 shares during the period. New Mexico Educational Retirement Board’s holdings in Teradata were worth $728,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Tortoise Index Solutions LLC purchased a new position in Teradata in the 1st quarter valued at about $36,000. Advisory Services Network LLC lifted its position in shares of Teradata by 25.4% during the second quarter. Advisory Services Network LLC now owns 1,347 shares of the technology company’s stock worth $48,000 after purchasing an additional 273 shares during the last quarter. Penserra Capital Management LLC lifted its position in shares of Teradata by 71.6% during the first quarter. Penserra Capital Management LLC now owns 2,085 shares of the technology company’s stock worth $91,000 after purchasing an additional 870 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Teradata by 239.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,390 shares of the technology company’s stock worth $122,000 after purchasing an additional 2,390 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Teradata during the first quarter worth about $209,000. 97.25% of the stock is owned by institutional investors.
Shares of NYSE:TDC traded down $0.22 during trading hours on Wednesday, hitting $29.94. The stock had a trading volume of 2,379 shares, compared to its average volume of 1,191,591. Teradata Co. has a 1-year low of $30.07 and a 1-year high of $49.42. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.26 and a current ratio of 1.31. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 1.70 and a beta of 1.19. The stock’s fifty day simple moving average is $34.57 and its 200 day simple moving average is $39.74.
Teradata declared that its board has approved a share repurchase program on Thursday, August 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 11.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
TDC has been the topic of several research analyst reports. Barclays reaffirmed a “sell” rating and set a $33.00 price target on shares of Teradata in a research report on Sunday, May 5th. ValuEngine lowered shares of Teradata from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Zacks Investment Research lowered shares of Teradata from a “hold” rating to a “sell” rating and set a $29.00 price objective on the stock. in a research note on Monday, May 27th. Morgan Stanley increased their price objective on shares of Teradata from $57.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada dropped their price target on shares of Teradata to $40.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $42.29.
Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.
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