Wells Fargo & Company MN boosted its holdings in shares of Teradata Co. (NYSE:TDC) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 279,015 shares of the technology company’s stock after acquiring an additional 8,534 shares during the period. Wells Fargo & Company MN owned about 0.23% of Teradata worth $11,203,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in TDC. IFP Advisors Inc raised its position in shares of Teradata by 81.5% in the first quarter. IFP Advisors Inc now owns 3,101 shares of the technology company’s stock valued at $123,000 after buying an additional 1,392 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Teradata by 64.9% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,714 shares of the technology company’s stock valued at $148,000 after buying an additional 1,462 shares during the last quarter. Everett Harris & Co. CA acquired a new position in shares of Teradata in the second quarter valued at approximately $201,000. Clinton Group Inc. acquired a new position in shares of Teradata in the first quarter valued at approximately $239,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Teradata in the first quarter valued at approximately $251,000. Institutional investors own 99.40% of the company’s stock.
Teradata stock opened at $38.78 on Friday. Teradata Co. has a 1 year low of $30.36 and a 1 year high of $44.27. The company has a market capitalization of $4.65 billion, a P/E ratio of 47.88, a P/E/G ratio of 4.92 and a beta of 1.03. The company has a quick ratio of 1.75, a current ratio of 1.79 and a debt-to-equity ratio of 0.86.
Teradata (NYSE:TDC) last released its earnings results on Thursday, August 2nd. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. Teradata had a negative net margin of 2.91% and a positive return on equity of 16.91%. The firm had revenue of $544.00 million during the quarter, compared to the consensus estimate of $524.28 million. During the same period in the previous year, the firm earned $0.22 earnings per share. Teradata’s revenue was up 6.0% compared to the same quarter last year. research analysts predict that Teradata Co. will post 0.78 earnings per share for the current year.
In other Teradata news, EVP Daniel L. Harrington sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $40.35, for a total transaction of $524,550.00. Following the completion of the sale, the executive vice president now directly owns 92,995 shares in the company, valued at $3,752,348.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.22% of the stock is owned by insiders.
A number of equities analysts have recently weighed in on TDC shares. Mizuho raised shares of Teradata from an “underperform” rating to a “buy” rating in a research report on Wednesday, May 30th. Barclays boosted their price objective on shares of Teradata from $31.00 to $34.00 and gave the company an “underweight” rating in a research report on Friday. Citigroup started coverage on shares of Teradata in a research report on Thursday, June 28th. They issued a “neutral” rating and a $42.00 price objective for the company. Stifel Nicolaus raised shares of Teradata from a “hold” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $49.00 in a research report on Wednesday, May 16th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Teradata from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $38.64.
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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