Convergence Investment Partners LLC Lowers Holdings in Teradata Co. (TDC)
Convergence Investment Partners LLC lowered its holdings in shares of Teradata Co. (NYSE:TDC) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 152,704 shares of the technology company’s stock after selling 5,727 shares during the quarter. Teradata comprises 0.8% of Convergence Investment Partners LLC’s portfolio, making the stock its 19th largest holding. Convergence Investment Partners LLC’s holdings in Teradata were worth $5,873,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in TDC. BlackRock Inc. raised its stake in shares of Teradata by 42.6% in the second quarter. BlackRock Inc. now owns 11,126,276 shares of the technology company’s stock valued at $328,115,000 after acquiring an additional 3,324,754 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of Teradata by 259.2% in the third quarter. Alyeska Investment Group L.P. now owns 2,764,202 shares of the technology company’s stock valued at $93,402,000 after acquiring an additional 1,994,620 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Teradata in the third quarter valued at $33,107,000. Canada Pension Plan Investment Board raised its stake in shares of Teradata by 131.2% in the third quarter. Canada Pension Plan Investment Board now owns 839,067 shares of the technology company’s stock valued at $28,352,000 after acquiring an additional 476,100 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Teradata by 166.1% in the second quarter. Principal Financial Group Inc. now owns 554,892 shares of the technology company’s stock valued at $16,364,000 after acquiring an additional 346,388 shares during the period.
In related news, CFO Mark Culhane bought 4,500 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average cost of $37.66 per share, for a total transaction of $169,470.00. Following the purchase, the chief financial officer now directly owns 29,924 shares of the company’s stock, valued at $1,126,937.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.73% of the stock is currently owned by company insiders.
Teradata (NYSE:TDC) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. Teradata had a net margin of 3.01% and a return on equity of 16.47%. The business had revenue of $526.00 million for the quarter, compared to analysts’ expectations of $511.23 million. During the same period last year, the business earned $0.69 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. equities analysts expect that Teradata Co. will post 0.91 earnings per share for the current fiscal year.
Several research firms recently commented on TDC. Summit Redstone raised shares of Teradata from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $30.00 price target on shares of Teradata in a research note on Wednesday, October 18th. Mizuho reaffirmed an “underperform” rating and issued a $32.00 price target (up previously from $26.00) on shares of Teradata in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Teradata from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, January 2nd. Finally, Deutsche Bank raised their price target on shares of Teradata from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.00.
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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