Great West Life Assurance Co. Can lessened its position in Teradata Co. (NYSE:TDC) by 3.0% during the second quarter, Holdings Channel reports. The institutional investor owned 69,658 shares of the technology company’s stock after selling 2,127 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Teradata were worth $2,797,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in TDC. Wells Fargo & Company MN increased its holdings in Teradata by 2.0% in the first quarter. Wells Fargo & Company MN now owns 270,481 shares of the technology company’s stock valued at $10,730,000 after buying an additional 5,252 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Teradata by 112.5% in the first quarter. SG Americas Securities LLC now owns 27,459 shares of the technology company’s stock valued at $1,089,000 after purchasing an additional 247,152 shares during the period. Prudential Financial Inc. grew its position in shares of Teradata by 56.7% in the first quarter. Prudential Financial Inc. now owns 347,196 shares of the technology company’s stock valued at $13,773,000 after purchasing an additional 125,600 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Teradata by 7.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 96,689 shares of the technology company’s stock valued at $3,836,000 after purchasing an additional 6,474 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Teradata by 4.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 512,397 shares of the technology company’s stock valued at $20,327,000 after purchasing an additional 19,757 shares during the period. 99.38% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently issued reports on the stock. Standpoint Research lowered shares of Teradata from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research report on Tuesday, July 24th. Stifel Nicolaus upgraded shares of Teradata from a “hold” rating to a “buy” rating and lifted their target price for the company from $45.00 to $49.00 in a research report on Thursday, May 31st. Zacks Investment Research lowered shares of Teradata from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Citigroup assumed coverage on shares of Teradata in a research report on Thursday, June 28th. They issued a “neutral” rating and a $42.00 target price on the stock. Finally, Barclays lifted their target price on shares of Teradata from $31.00 to $34.00 and gave the company an “underweight” rating in a research report on Friday, September 7th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $39.54.
In related news, EVP Daniel L. Harrington sold 13,000 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $40.35, for a total transaction of $524,550.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.22% of the company’s stock.
TDC opened at $39.86 on Friday. The stock has a market cap of $4.72 billion, a P/E ratio of 49.21, a price-to-earnings-growth ratio of 4.99 and a beta of 1.03. Teradata Co. has a twelve month low of $31.77 and a twelve month high of $44.27. The company has a current ratio of 1.79, a quick ratio of 1.75 and a debt-to-equity ratio of 0.86.
Teradata (NYSE:TDC) last posted its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The firm had revenue of $544.00 million for the quarter, compared to analyst estimates of $524.28 million. Teradata had a negative net margin of 2.91% and a positive return on equity of 16.91%. Teradata’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 earnings per share. equities analysts predict that Teradata Co. will post 0.78 EPS for the current year.
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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