Teradata Corporation (TDC) Holdings Cut by Wells Fargo & Company MN

Wells Fargo & Company MN cut its holdings in Teradata Corporation (NYSE:TDC) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 222,189 shares of the technology company’s stock after selling 15,112 shares during the quarter. Wells Fargo & Company MN owned 0.17% of Teradata Corporation worth $6,552,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Legal & General Group Plc lifted its stake in Teradata Corporation by 19.7% in the second quarter. Legal & General Group Plc now owns 163,021 shares of the technology company’s stock valued at $4,809,000 after buying an additional 26,822 shares during the period. Jensen Investment Management Inc. lifted its stake in Teradata Corporation by 24.2% in the second quarter. Jensen Investment Management Inc. now owns 20,420 shares of the technology company’s stock valued at $602,000 after buying an additional 3,980 shares during the period. Burney Co. lifted its stake in Teradata Corporation by 8.8% in the second quarter. Burney Co. now owns 53,695 shares of the technology company’s stock valued at $1,603,000 after buying an additional 4,334 shares during the period. Bank of America Corp DE lifted its stake in Teradata Corporation by 26.6% in the first quarter. Bank of America Corp DE now owns 866,272 shares of the technology company’s stock valued at $26,959,000 after buying an additional 181,867 shares during the period. Finally, Global X Management Co. LLC lifted its stake in Teradata Corporation by 12.6% in the first quarter. Global X Management Co. LLC now owns 9,789 shares of the technology company’s stock valued at $305,000 after buying an additional 1,098 shares during the period.

Several brokerages have issued reports on TDC. BidaskClub raised Teradata Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Sanford C. Bernstein reissued an “underperform” rating and issued a $27.00 price target on shares of Teradata Corporation in a research note on Monday, September 11th. BMO Capital Markets boosted their price target on Teradata Corporation from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Stifel Nicolaus reissued a “hold” rating and issued a $32.00 price target on shares of Teradata Corporation in a research note on Monday, August 14th. Finally, Needham & Company LLC began coverage on Teradata Corporation in a research note on Monday, September 11th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.75.

In related news, CFO Stephen Mark Scheppmann sold 47,065 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $31.83, for a total transaction of $1,498,078.95. Following the completion of the transaction, the chief financial officer now owns 143,689 shares of the company’s stock, valued at approximately $4,573,620.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Victor L. Lund acquired 31,270 shares of Teradata Corporation stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average cost of $31.95 per share, with a total value of $999,076.50. Following the transaction, the insider now owns 111,447 shares in the company, valued at $3,560,731.65. The disclosure for this purchase can be found here. Company insiders own 1.73% of the company’s stock.

WARNING: “Teradata Corporation (TDC) Holdings Cut by Wells Fargo & Company MN” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/10/teradata-corporation-tdc-holdings-cut-by-wells-fargo-company-mn.html.

Shares of Teradata Corporation (NYSE:TDC) opened at 33.16 on Tuesday. The company has a market cap of $4.18 billion, a P/E ratio of 43.23 and a beta of 1.26. The stock’s 50 day moving average price is $32.24 and its 200 day moving average price is $30.35. Teradata Corporation has a 12-month low of $26.27 and a 12-month high of $34.30.

Teradata Corporation (NYSE:TDC) last released its earnings results on Thursday, July 27th. The technology company reported $0.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.22. The company had revenue of $513.00 million during the quarter, compared to analysts’ expectations of $519.79 million. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The firm’s revenue for the quarter was down 14.4% compar

Other institutional investors and hedge funds have also modified their holdings of the company. Legal & General Group Plc lifted its stake in Teradata Corporation by 19.7% in the second quarter. Legal & General Group Plc now owns 163,021 shares of the technology company’s stock valued at $4,809,000 after buying an additional 26,822 shares during the period. Jensen Investment Management Inc. lifted its stake in Teradata Corporation by 24.2% in the second quarter. Jensen Investment Management Inc. now owns 20,420 shares of the technology company’s stock valued at $602,000 after buying an additional 3,980 shares during the period. Burney Co. lifted its stake in Teradata Corporation by 8.8% in the second quarter. Burney Co. now owns 53,695 shares of the technology company’s stock valued at $1,603,000 after buying an additional 4,334 shares during the period. Bank of America Corp DE lifted its stake in Teradata Corporation by 26.6% in the first quarter. Bank of America Corp DE now owns 866,272 shares of the technology company’s stock valued at $26,959,000 after buying an additional 181,867 shares during the period. Finally, Global X Management Co. LLC lifted its stake in Teradata Corporation by 12.6% in the first quarter. Global X Management Co. LLC now owns 9,789 shares of the technology company’s stock valued at $305,000 after buying an additional 1,098 shares during the period.

Several brokerages have issued reports on TDC. BidaskClub raised Teradata Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Sanford C. Bernstein reissued an “underperform” rating and issued a $27.00 price target on shares of Teradata Corporation in a research note on Monday, September 11th. BMO Capital Markets boosted their price target on Teradata Corporation from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Stifel Nicolaus reissued a “hold” rating and issued a $32.00 price target on shares of Teradata Corporation in a research note on Monday, August 14th. Finally, Needham & Company LLC began coverage on Teradata Corporation in a research note on Monday, September 11th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.75.

In related news, CFO Stephen Mark Scheppmann sold 47,065 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $31.83, for a total transaction of $1,498,078.95. Following the completion of the transaction, the chief financial officer now owns 143,689 shares of the company’s stock, valued at approximately $4,573,620.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Victor L. Lund acquired 31,270 shares of Teradata Corporation stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average cost of $31.95 per share, with a total value of $999,076.50. Following the transaction, the insider now owns 111,447 shares in the company, valued at $3,560,731.65. The disclosure for this purchase can be found here. Company insiders own 1.73% of the company’s stock.

WARNING: “Teradata Corporation (TDC) Holdings Cut by Wells Fargo & Company MN” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/10/teradata-corporation-tdc-holdings-cut-by-wells-fargo-company-mn.html.

Shares of Teradata Corporation (NYSE:TDC) opened at 33.16 on Tuesday. The company has a market cap of $4.18 billion, a P/E ratio of 43.23 and a beta of 1.26. The stock’s 50 day moving average price is $32.24 and its 200 day moving average price is $30.35. Teradata Corporation has a 12-month low of $26.27 and a 12-month high of $34.30.

Teradata Corporation (NYSE:TDC) last released its earnings results on Thursday, July 27th. The technology company reported $0.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.22. The company had revenue of $513.00 million during the quarter, compared to analysts’ expectations of $519.79 million. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The firm’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. On average, analysts forecast that Teradata Corporation will post $1.25 EPS for the current year.

Teradata Corporation Profile

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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Institutional Ownership by Quarter for Teradata Corporation (NYSE:TDC)

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