Vident Investment Advisory LLC increased its stake in shares of Teradata (NYSE:TDC) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,921 shares of the technology company’s stock after buying an additional 6,488 shares during the period. Vident Investment Advisory LLC owned about 0.08% of Teradata worth $3,766,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TDC. Amundi Pioneer Asset Management Inc. purchased a new stake in Teradata during the fourth quarter worth about $175,000. Oppenheimer & Co. Inc. purchased a new stake in Teradata during the fourth quarter worth about $207,000. Commerce Bank purchased a new stake in Teradata during the third quarter worth about $223,000. ARP Americas LP purchased a new stake in Teradata during the fourth quarter worth about $238,000. Finally, Sciencast Management LP bought a new position in Teradata during the fourth quarter worth about $241,000. Institutional investors and hedge funds own 97.94% of the company’s stock.
In other Teradata news, Director James M. Ringler sold 7,496 shares of Teradata stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $41.85, for a total transaction of $313,707.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Laura K. Nyquist sold 52,379 shares of Teradata 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 disclosure for this sale can be found here. Insiders sold 67,371 shares of company stock valued at $2,761,638 over the last 90 days. 1.22% of the stock is owned by company insiders.
TDC has been the subject of a number of research reports. Morgan Stanley upgraded shares of Teradata from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $31.00 to $40.00 in a research report on Tuesday, January 23rd. Bank of America cut their target price on shares of Teradata from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Wells Fargo increased their target price on shares of Teradata from $27.50 to $30.00 and gave the stock an “underperform” rating in a research report on Friday, February 9th. Cowen upgraded shares of Teradata from a “market perform” rating to an “outperform” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research lowered shares of Teradata from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Four 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 company has a consensus rating of “Hold” and a consensus price target of $34.82.
Shares of TDC stock traded down $0.55 during trading hours on Friday, reaching $39.37. The stock had a trading volume of 572,800 shares, compared to its average volume of 968,050. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.72. Teradata has a 12 month low of $27.05 and a 12 month high of $42.84. The firm has a market capitalization of $4,803.14, a P/E ratio of 48.60, a price-to-earnings-growth ratio of 12.31 and a beta of 1.18.
Teradata (NYSE:TDC) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.58 EPS for the quarter, beating 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 company had revenue of $626.00 million during the quarter, compared to analyst estimates of $610.50 million. During the same period last year, the business earned $0.67 earnings per share. Teradata’s revenue was up .0% compared to the same quarter last year. sell-side analysts predict that Teradata will post 1.07 EPS for the current year.
Teradata announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 8th that authorizes the company to buyback $310.00 million in shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.
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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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