American Century Companies Inc. Increases Position in Teradata Corporation (TDC)
American Century Companies Inc. boosted its stake in shares of Teradata Corporation (NYSE:TDC) by 12.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,295,263 shares of the technology company’s stock after buying an additional 144,132 shares during the period. American Century Companies Inc. owned approximately 1.01% of Teradata Corporation worth $38,197,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. American Beacon Advisors Inc. purchased a new stake in shares of Teradata Corporation during the first quarter valued at about $111,000. TrimTabs Asset Management LLC boosted its stake in shares of Teradata Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,268 shares of the technology company’s stock valued at $133,000 after buying an additional 2,008 shares during the last quarter. Westpac Banking Corp bought a new stake in shares of Teradata Corporation during the first quarter worth $126,000. LS Investment Advisors LLC boosted its stake in shares of Teradata Corporation by 19.1% in the first quarter. LS Investment Advisors LLC now owns 5,827 shares of the technology company’s stock worth $181,000 after buying an additional 936 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Teradata Corporation during the first quarter worth $201,000. Hedge funds and other institutional investors own 99.94% of the company’s stock.
Teradata Corporation (NYSE TDC) opened at 31.22 on Thursday. The company has a 50-day moving average price of $30.43 and a 200-day moving average price of $30.07. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 40.70 and a beta of 1.28. Teradata Corporation has a one year low of $26.27 and a one year high of $33.32.
Teradata Corporation (NYSE:TDC) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. The firm had revenue of $513 million during the quarter, compared to the consensus estimate of $519.79 million. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. Equities research analysts anticipate that Teradata Corporation will post $1.25 EPS for the current year.
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A number of analysts have recently weighed in on the company. BMO Capital Markets reiterated a “hold” rating and set a $30.00 price target on shares of Teradata Corporation in a research report on Sunday, July 16th. Stifel Nicolaus reiterated a “hold” rating and set a $32.00 price target on shares of Teradata Corporation in a research report on Monday, August 14th. BidaskClub cut Teradata Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Sanford C. Bernstein assumed coverage on Teradata Corporation in a research report on Wednesday, May 24th. They set an “underperform” rating and a $25.00 price target on the stock. Finally, UBS AG reiterated a “sell” rating and set a $22.00 price target (down from $24.00) on shares of Teradata Corporation in a research report on Friday, June 16th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $28.50.
In other Teradata Corporation news, insider Victor L. Lund purchased 31,270 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was purchased at an average price of $31.95 per share, with a total value of $999,076.50. Following the completion of the purchase, the insider now owns 111,447 shares of the company’s stock, valued at $3,560,731.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $31.83, for a total transaction of $1,498,078.95. Following the transaction, the chief financial officer now directly owns 143,689 shares of the company’s stock, valued at approximately $4,573,620.87. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company insiders.
Teradata Corporation Company Profile
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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