Algert Global LLC cut its position in Teradata Corp. (NYSE:TDC) by 19.6% during the third quarter, Holdings Channel reports. The fund owned 42,942 shares of the company’s stock after selling 10,445 shares during the period. Algert Global LLC’s holdings in Teradata Corp. were worth $1,331,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. purchased a new position in Teradata Corp. during the second quarter valued at approximately $104,000. Assetmark Inc. increased 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 valued at $105,000 after buying an additional 4,100 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Teradata Corp. during the first quarter valued at approximately $136,000. Creative Planning increased its position in 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. Finally, Paradigm Asset Management Co. LLC increased its position in Teradata Corp. by 17.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,700 shares of the company’s stock valued at $193,000 after buying an additional 1,146 shares during the last quarter. Hedge funds and other institutional investors own 99.45% of the company’s stock.
Shares of Teradata Corp. (NYSE:TDC) opened at 29.31 on Friday. Teradata Corp. has a 52-week low of $21.98 and a 52-week high of $33.09. The firm’s 50-day moving average is $30.59 and its 200 day moving average is $28.22. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 82.80 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.11. The firm had revenue of $599 million for the quarter, compared to the consensus estimate of $560.67 million. Teradata Corp. had a net margin of 5.55% and a return on equity of 32.66%. The company’s revenue was down 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS. Equities analysts expect that Teradata Corp. will post $2.44 EPS for the current year.
A number of brokerages have issued reports on TDC. William Blair reissued a “market perform” rating on shares of Teradata Corp. in a report on Friday, September 16th. Cowen and Company reissued a “market perform” rating and set a $32.00 target price on shares of Teradata Corp. in a report on Tuesday, September 13th. Mizuho reissued a “neutral” rating and set a $28.00 target price on shares of Teradata Corp. in a report on Tuesday, August 23rd. Credit Agricole SA reissued an “underperform” rating on shares of Teradata Corp. in a report on Monday, August 15th. Finally, Zacks Investment Research raised shares of Teradata Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Five research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $26.50.
In other Teradata Corp. news, Director Nancy E. Cooper sold 1,840 shares of Teradata Corp. stock in a transaction 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 directly owns 35,157 shares in the company, valued at approximately $1,091,976.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Oliver Ratzesberger sold 2,015 shares of Teradata Corp. stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $31.62, for a total transaction of $63,714.30. Following the completion of the sale, the executive vice president now 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.