Axa trimmed its holdings in shares of Teradata Co. (NYSE:TDC) by 89.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,800 shares of the technology company’s stock after selling 254,700 shares during the period. Axa’s holdings in Teradata were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in TDC. Bank of Montreal Can boosted its stake in Teradata by 5.4% in the second quarter. Bank of Montreal Can now owns 62,174 shares of the technology company’s stock worth $2,497,000 after buying an additional 3,162 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Teradata by 54.1% in the second quarter. BNP Paribas Arbitrage SA now owns 23,690 shares of the technology company’s stock worth $951,000 after buying an additional 8,321 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Teradata by 3.2% in the second quarter. Wells Fargo & Company MN now owns 279,015 shares of the technology company’s stock worth $11,203,000 after buying an additional 8,534 shares in the last quarter. Barings LLC boosted its stake in Teradata by 69.7% in the second quarter. Barings LLC now owns 20,200 shares of the technology company’s stock worth $811,000 after buying an additional 8,300 shares in the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new stake in Teradata in the second quarter worth approximately $12,241,000. 98.55% of the stock is owned by hedge funds and other institutional investors.
TDC has been the subject of several research reports. Zacks Investment Research reaffirmed a “buy” rating and issued a $41.00 target price on shares of Teradata in a research note on Friday, November 16th. Barclays upped their target price on Teradata from $31.00 to $34.00 and gave the stock an “underweight” rating in a research note on Friday, September 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.00.
In related news, CFO Mark Culhane acquired 6,900 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was purchased at an average price of $35.11 per share, with a total value of $242,259.00. Following the completion of the purchase, the chief financial officer now owns 36,824 shares in the company, valued at approximately $1,292,890.64. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.22% of the company’s stock.
NYSE:TDC opened at $37.70 on Friday. The company has a market cap of $4.44 billion, a PE ratio of 46.49, a P/E/G ratio of 1.79 and a beta of 1.16. Teradata Co. has a fifty-two week low of $33.63 and a fifty-two week high of $44.27. The company has a quick ratio of 1.71, a current ratio of 1.77 and a debt-to-equity ratio of 0.86.
Teradata (NYSE:TDC) last released its quarterly earnings data on Thursday, November 1st. The technology company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $526.00 million during the quarter, compared to analyst estimates of $534.95 million. Teradata had a positive return on equity of 18.61% and a negative net margin of 2.68%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Sell-side analysts anticipate that Teradata Co. will post 0.83 earnings per share for the current year.
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Teradata Company Profile
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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