Kovitz Investment Group Partners LLC lowered its holdings in Teradata Co. (NYSE:TDC) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,600 shares of the technology company’s stock after selling 4,000 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Teradata were worth $1,869,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of TDC. State of Tennessee Treasury Department bought a new stake in Teradata during the third quarter worth about $2,703,000. Cornerstone Capital Management Holdings LLC. grew its stake in Teradata by 2,458.9% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 305,531 shares of the technology company’s stock worth $10,322,000 after buying an additional 293,591 shares during the last quarter. Virginia Retirement Systems ET AL grew its stake in Teradata by 171.9% during the third quarter. Virginia Retirement Systems ET AL now owns 34,800 shares of the technology company’s stock worth $1,176,000 after buying an additional 22,000 shares during the last quarter. Jupiter Asset Management Ltd. grew its stake in Teradata by 7.6% during the third quarter. Jupiter Asset Management Ltd. now owns 2,392,621 shares of the technology company’s stock worth $80,847,000 after buying an additional 169,000 shares during the last quarter. Finally, Vident Investment Advisory LLC grew its stake in Teradata by 7.1% during the third quarter. Vident Investment Advisory LLC now owns 91,433 shares of the technology company’s stock worth $3,090,000 after buying an additional 6,072 shares during the last quarter. 97.94% of the stock is currently owned by institutional investors and hedge funds.
In related news, General Counsel Laura K. Nyquist sold 52,379 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $41.52, for a total value of $2,174,776.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William S. Stavropoulos sold 7,496 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $36.44, for a total transaction of $273,154.24. The disclosure for this sale can be found here. Insiders have sold 67,371 shares of company stock worth $2,761,638 over the last quarter. 1.22% of the stock is owned by company insiders.
Several brokerages have weighed in on TDC. Zacks Investment Research raised shares of Teradata from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Tuesday, January 2nd. Sanford C. Bernstein raised shares of Teradata from an “underperform” rating to a “market perform” rating in a research note on Monday, March 5th. ValuEngine raised shares of Teradata from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. BMO Capital Markets upped their price objective on shares of Teradata from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Finally, Mizuho reaffirmed a “sell” rating and set a $32.00 price objective on shares of Teradata in a research note on Monday, January 22nd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.82.
Teradata Co. (NYSE:TDC) opened at $42.45 on Thursday. Teradata Co. has a 12-month low of $27.05 and a 12-month high of $42.84. The stock has a market cap of $5,160.60, a P/E ratio of 42.73, a PEG ratio of 13.23 and a beta of 1.27. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.62 and a current ratio of 1.65.
Teradata (NYSE:TDC) last announced its earnings results on Thursday, February 8th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.18. Teradata had a negative net margin of 3.11% and a positive return on equity of 15.54%. The company had revenue of $626.00 million for the quarter, compared to analyst estimates of $610.50 million. During the same period in the prior year, the business earned $0.67 earnings per share. Teradata’s quarterly revenue was up .0% on a year-over-year basis. research analysts anticipate that Teradata Co. will post 1.07 EPS for the current fiscal year.
Teradata declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 8th that allows the company to repurchase $310.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
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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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