Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stake in Teradata Corporation (TDC)
Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Teradata Corporation (NYSE:TDC) by 96.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 19,102 shares of the technology company’s stock after purchasing an additional 9,393 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Teradata Corporation were worth $563,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of TDC. American Beacon Advisors Inc. purchased a new stake in shares of Teradata Corporation in the 1st quarter valued at about $111,000. Westpac Banking Corp purchased a new stake in shares of Teradata Corporation in the 1st quarter valued at about $126,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Teradata Corporation by 9.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,183 shares of the technology company’s stock valued at $153,000 after purchasing an additional 469 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Teradata Corporation by 19.1% in the 1st quarter. LS Investment Advisors LLC now owns 5,827 shares of the technology company’s stock valued at $181,000 after purchasing an additional 936 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Teradata Corporation in the 1st quarter valued at about $201,000.
Teradata Corporation (TDC) opened at 32.98 on Wednesday. The firm has a market cap of $4.16 billion, a PE ratio of 43.00 and a beta of 1.25. Teradata Corporation has a 52-week low of $26.27 and a 52-week high of $33.36. The firm’s 50-day moving average price is $31.41 and its 200 day moving average price is $30.09.
Teradata Corporation (NYSE:TDC) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.22 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.22. The company had revenue of $513.00 million for the quarter, compared to analysts’ expectations of $519.79 million. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. On average, equities analysts anticipate that Teradata Corporation will post $1.25 earnings per share for the current year.
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In other Teradata Corporation news, insider Victor L. Lund purchased 31,270 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were bought at an average price of $31.95 per share, with a total value of $999,076.50. Following the completion of the acquisition, the insider now owns 111,447 shares in the company, valued at approximately $3,560,731.65. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of Teradata Corporation stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $31.83, for a total value of $1,498,078.95. Following the sale, the chief financial officer now directly owns 143,689 shares in the company, valued at approximately $4,573,620.87. The disclosure for this sale can be found here. Insiders own 1.73% of the company’s stock.
Several research firms have recently weighed in on TDC. Sanford C. Bernstein reissued an “underperform” rating and issued a $27.00 target price on shares of Teradata Corporation in a report on Monday, September 11th. Needham & Company LLC assumed coverage on Teradata Corporation in a research report on Monday, September 11th. They issued a “hold” rating on the stock. Stifel Nicolaus restated a “hold” rating and issued 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 Friday, August 11th. Finally, BMO Capital Markets boosted their price target on Teradata Corporation from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.75.
About Teradata Corporation
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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