Schwab Charles Investment Management Inc. Trims Position in Teradata Co. (NYSE:TDC)

Schwab Charles Investment Management Inc. cut its position in Teradata Co. (NYSE:TDC) by 32.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 520,214 shares of the technology company’s stock after selling 249,336 shares during the period. Schwab Charles Investment Management Inc. owned about 0.43% of Teradata worth $17,579,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TDC. BlackRock Inc. grew its position in Teradata by 42.6% in the second quarter. BlackRock Inc. now owns 11,126,276 shares of the technology company’s stock valued at $328,115,000 after purchasing an additional 3,324,754 shares in the last quarter. Ameriprise Financial Inc. grew its position in Teradata by 24.1% in the second quarter. Ameriprise Financial Inc. now owns 6,293,085 shares of the technology company’s stock valued at $185,598,000 after purchasing an additional 1,221,193 shares in the last quarter. Victory Capital Management Inc. bought a new position in Teradata in the third quarter valued at $33,107,000. Canada Pension Plan Investment Board grew its position in shares of Teradata by 131.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 839,067 shares of the technology company’s stock valued at $28,352,000 after acquiring an additional 476,100 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Teradata by 166.1% in the 2nd quarter. Principal Financial Group Inc. now owns 554,892 shares of the technology company’s stock valued at $16,364,000 after acquiring an additional 346,388 shares during the period. 97.89% of the stock is owned by institutional investors.

Teradata Co. (NYSE:TDC) traded up $0.14 on Friday, reaching $38.32. 999,850 shares of the company’s stock were exchanged, compared to its average volume of 1,230,000. The company has a market cap of $4,640.00, a price-to-earnings ratio of 76.64, a price-to-earnings-growth ratio of 12.94 and a beta of 1.26. Teradata Co. has a 52-week low of $27.05 and a 52-week high of $39.33. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.69.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.17. Teradata had a net margin of 3.01% and a return on equity of 16.47%. The firm had revenue of $526.00 million for the quarter, compared to the consensus estimate of $511.23 million. During the same quarter in the previous year, the company earned $0.69 EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. research analysts expect that Teradata Co. will post 0.91 EPS for the current fiscal year.

In related news, CFO Mark Culhane bought 4,500 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were bought at an average price of $37.66 per share, for a total transaction of $169,470.00. Following the transaction, the chief financial officer now directly owns 29,924 shares of the company’s stock, valued at $1,126,937.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.73% of the stock is owned by insiders.

A number of brokerages have recently commented on TDC. Summit Redstone raised shares of Teradata from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Royal Bank of Canada restated a “hold” rating and set a $30.00 target price on shares of Teradata in a research note on Wednesday, October 18th. Mizuho reiterated an “underperform” rating and issued a $32.00 price objective (up previously from $26.00) on shares of Teradata in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Teradata from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Tuesday, January 2nd. Finally, Deutsche Bank lifted their price objective on shares of Teradata from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Teradata presently has an average rating of “Hold” and an average price target of $33.00.

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Teradata Company 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.

Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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