Parametric Portfolio Associates LLC trimmed its position in shares of Teradata Corporation (NYSE:TDC) by 18.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 421,400 shares of the technology company’s stock after selling 94,201 shares during the period. Parametric Portfolio Associates LLC owned 0.33% of Teradata Corporation worth $12,427,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of TDC. Great West Life Assurance Co. Can boosted its stake in Teradata Corporation by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 34,190 shares of the technology company’s stock valued at $1,064,000 after purchasing an additional 86 shares during the period. Comerica Bank boosted its stake in Teradata Corporation by 0.3% during the 1st quarter. Comerica Bank now owns 31,346 shares of the technology company’s stock valued at $921,000 after purchasing an additional 98 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Teradata Corporation by 13.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 111,023 shares of the technology company’s stock valued at $3,455,000 after purchasing an additional 12,814 shares during the period. Karp Capital Management Corp acquired a new position in Teradata Corporation during the 1st quarter valued at about $919,000. Finally, Mason Street Advisors LLC boosted its stake in Teradata Corporation by 1.8% during the 1st quarter. Mason Street Advisors LLC now owns 18,087 shares of the technology company’s stock valued at $563,000 after purchasing an additional 318 shares during the period.
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In other Teradata Corporation news, insider Victor L. Lund bought 31,270 shares of Teradata Corporation stock in a transaction dated Monday, July 31st. The shares were bought at an average price of $31.95 per share, with a total value of $999,076.50. Following the purchase, the insider now owns 111,447 shares of the company’s stock, valued at $3,560,731.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were 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 directly owns 143,689 shares in the company, valued at approximately $4,573,620.87. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company insiders.
A number of analysts have commented on TDC shares. UBS AG restated a “sell” rating and set a $22.00 price target (down from $24.00) on shares of Teradata Corporation in a research report on Friday, June 16th. BidaskClub upgraded shares of Teradata Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Stifel Nicolaus restated a “hold” rating and set a $32.00 price target on shares of Teradata Corporation in a research report on Monday, July 10th. BMO Capital Markets restated a “hold” rating and set a $30.00 price target on shares of Teradata Corporation in a research report on Sunday, July 16th. Finally, Needham & Company LLC started coverage on shares of Teradata Corporation in a research report on Monday, September 11th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $28.75.
Shares of Teradata Corporation (NYSE TDC) opened at 33.07 on Wednesday. The company has a 50 day moving average of $32.33 and a 200-day moving average of $30.37. Teradata Corporation has a 12-month low of $26.27 and a 12-month high of $34.30. The company has a market capitalization of $4.17 billion, a P/E ratio of 43.12 and a beta of 1.26.
Teradata Corporation (NYSE:TDC) last issued its earnings results on Thursday, July 27th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $513.00 million for the quarter, compared to analyst estimates of $519.79 million. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. On average, equities analysts anticipate that Teradata Corporation will post $1.25 EPS for the current fiscal year.
About Teradata Corporation
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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