Deutsche Bank AG reduced its stake in shares of Teradata (NYSE:TDC) by 17.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,074,139 shares of the technology company’s stock after selling 228,386 shares during the period. Deutsche Bank AG owned approximately 0.89% of Teradata worth $41,308,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Quantitative Investment Management LLC lifted its stake in Teradata by 14.1% in the 4th quarter. Quantitative Investment Management LLC now owns 190,500 shares of the technology company’s stock valued at $7,326,000 after buying an additional 23,600 shares in the last quarter. BlueCrest Capital Management Ltd lifted its stake in Teradata by 37.6% in the 4th quarter. BlueCrest Capital Management Ltd now owns 41,963 shares of the technology company’s stock worth $1,614,000 after purchasing an additional 11,473 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in Teradata by 6.3% in the 4th quarter. Thrivent Financial For Lutherans now owns 1,946,999 shares of the technology company’s stock worth $74,882,000 after purchasing an additional 116,162 shares in the last quarter. Invictus RG lifted its stake in Teradata by 37.4% in the 4th quarter. Invictus RG now owns 7,940 shares of the technology company’s stock worth $305,000 after purchasing an additional 2,161 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Teradata in the 4th quarter worth approximately $175,000. 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 company’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $41.52, for a total transaction of $2,174,776.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William S. Stavropoulos sold 7,496 shares of the company’s 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 90 days. 1.22% of the stock is currently owned by company insiders.
NYSE TDC traded down $0.55 during trading on Friday, reaching $39.37. The company’s stock had a trading volume of 572,800 shares, compared to its average volume of 968,050. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.62 and a current ratio of 1.65. The firm has a market cap of $4,803.14, a PE ratio of 48.60, a P/E/G ratio of 12.31 and a beta of 1.18. Teradata has a twelve month low of $27.05 and a twelve month high of $42.84.
Teradata (NYSE:TDC) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $626.00 million for the quarter, compared to analyst estimates of $610.50 million. During the same period in the previous year, the business posted $0.67 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. research analysts predict that Teradata will post 1.07 earnings per share for the current year.
Teradata declared that its Board of Directors has approved a stock repurchase program on Thursday, February 8th that authorizes the company to buyback $310.00 million in shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
TDC has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Teradata from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Morgan Stanley raised shares of Teradata from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $31.00 to $40.00 in a research report on Tuesday, January 23rd. Mizuho reissued a “sell” rating and issued a $32.00 price target on shares of Teradata in a research report on Monday, January 22nd. Cowen raised shares of Teradata from a “market perform” rating to an “outperform” rating in a research report on Friday, February 2nd. Finally, Wells Fargo raised their price target on shares of Teradata from $27.50 to $30.00 and gave the company an “underperform” rating in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $34.82.
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Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.
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