Teradata Corporation (TDC) Holdings Trimmed by California Public Employees Retirement System
California Public Employees Retirement System trimmed its position in Teradata Corporation (NYSE:TDC) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 416,300 shares of the technology company’s stock after selling 17,500 shares during the period. California Public Employees Retirement System owned approximately 0.33% of Teradata Corporation worth $12,277,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in TDC. American Beacon Advisors Inc. acquired a new stake in Teradata Corporation in the first quarter valued at approximately $111,000. Westpac Banking Corp acquired a new stake in Teradata Corporation in the first quarter valued at approximately $126,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Teradata Corporation by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,183 shares of the technology company’s stock valued at $153,000 after acquiring an additional 469 shares in the last quarter. GW Henssler & Associates Ltd. acquired a new stake in Teradata Corporation in the second quarter valued at approximately $202,000. Finally, PNC Financial Services Group Inc. boosted its stake in Teradata Corporation by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock valued at $213,000 after acquiring an additional 31 shares in the last quarter.
Teradata Corporation (NYSE:TDC) opened at 33.67 on Friday. The firm has a 50 day moving average of $32.07 and a 200-day moving average of $30.31. The stock has a market cap of $4.24 billion, a PE ratio of 43.90 and a beta of 1.26. Teradata Corporation has a 12-month low of $26.27 and a 12-month high of $34.30.
Teradata Corporation (NYSE:TDC) last issued its earnings results on Thursday, July 27th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The business had revenue of $513.00 million during the quarter, compared to analysts’ expectations of $519.79 million. During the same quarter in the prior year, the business posted $0.71 EPS. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. On average, analysts expect that Teradata Corporation will post $1.25 earnings per share for the current year.
Several equities research analysts have weighed in on the stock. UBS AG restated a “sell” rating and issued a $22.00 target price (down from $24.00) on shares of Teradata Corporation in a research note on Friday, June 16th. BidaskClub downgraded shares of Teradata Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Stifel Nicolaus restated a “hold” rating and issued a $32.00 target price on shares of Teradata Corporation in a research note on Monday, August 14th. BMO Capital Markets restated a “hold” rating and issued a $30.00 target price on shares of Teradata Corporation in a research note on Sunday, July 16th. Finally, Needham & Company LLC assumed coverage on shares of Teradata Corporation in a research note on Monday, September 11th. They issued a “hold” rating for the company. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $28.75.
In other news, CFO Stephen Mark Scheppmann sold 47,065 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 143,689 shares in the company, valued at approximately $4,573,620.87. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Victor L. Lund bought 31,270 shares of the stock in a transaction dated Monday, July 31st. The stock was bought at an average price of $31.95 per share, with a total value of $999,076.50. Following the acquisition, the insider now owns 111,447 shares in the company, valued at approximately $3,560,731.65. The disclosure for this purchase can be found here. Corporate insiders own 1.73% of the company’s stock.
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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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