Stoneridge Investment Partners LLC Purchases 108,826 Shares of Teradata Corp. (TDC)
Stoneridge Investment Partners LLC raised its position in Teradata Corp. (NYSE:TDC) by 84.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,845 shares of the company’s stock after buying an additional 108,826 shares during the period. Stoneridge Investment Partners LLC’s holdings in Teradata Corp. were worth $5,963,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. NN Investment Partners Holdings N.V. acquired a new stake in Teradata Corp. during the first quarter worth approximately $136,000. Creative Planning raised its stake in Teradata Corp. by 1.4% in the second quarter. Creative Planning now owns 5,965 shares of the company’s stock worth $150,000 after buying an additional 82 shares during the last quarter. ING Groep NV acquired a new stake in Teradata Corp. during the first quarter worth approximately $201,000. Fox Run Management L.L.C. acquired a new stake in Teradata Corp. during the first quarter worth approximately $283,000. Finally, Simmons Bank acquired a new stake in Teradata Corp. during the first quarter worth approximately $325,000. 99.60% of the stock is owned by institutional investors and hedge funds.
Shares of Teradata Corp. (NYSE:TDC) traded up 1.48% during trading on Monday, hitting $30.07. The stock had a trading volume of 1,120,073 shares. Teradata Corp. has a 12-month low of $21.98 and a 12-month high of $33.09. The firm has a market cap of $3.92 billion, a P/E ratio of 84.94 and a beta of 1.16. The firm has a 50 day moving average price of $31.10 and a 200 day moving average price of $27.77.
Teradata Corp. (NYSE:TDC) last released its earnings results on Tuesday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.11. Teradata Corp. had a return on equity of 32.66% and a net margin of 5.55%. The firm had revenue of $599 million for the quarter, compared to the consensus estimate of $560.67 million. During the same period in the prior year, the firm earned $0.53 EPS. The firm’s revenue was down 3.9% on a year-over-year basis. On average, equities analysts expect that Teradata Corp. will post $2.44 earnings per share for the current fiscal year.
A number of analysts have commented on TDC shares. Zacks Investment Research raised Teradata Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 8th. TheStreet raised Teradata Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Deutsche Bank AG lifted their target price on Teradata Corp. from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Summit Redstone reissued a “hold” rating on shares of Teradata Corp. in a report on Tuesday, July 12th. Finally, Cowen and Company started coverage on Teradata Corp. in a research note on Thursday, June 23rd. They issued a “market perform” rating and a $30.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $26.50.
In related news, Director Nancy E. Cooper sold 1,840 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $31.06, for a total value of $57,150.40. Following the transaction, the director now directly owns 35,157 shares of the company’s stock, valued at approximately $1,091,976.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Oliver Ratzesberger sold 2,015 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $31.62, for a total value of $63,714.30. Following the completion of the transaction, the executive vice president now directly owns 37,468 shares in the company, valued at $1,184,738.16. The disclosure for this sale can be found here. 2.64% of the stock is owned by corporate insiders.
Teradata Corp. Company Profile
Teradata Corporation (Teradata) is a provider of analytic data platforms, marketing and analytic applications, and related services. The Company’s analytic data platforms consist of software, hardware and related business consulting and support services for data warehousing, and big data analytics. It operates in two segments: data and analytics, and marketing applications.
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