Convergence Investment Partners LLC boosted its stake in shares of Teradata Corporation (NYSE:TDC) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 173,470 shares of the technology company’s stock after buying an additional 2,339 shares during the period. Teradata Corporation accounts for about 0.7% of Convergence Investment Partners LLC’s portfolio, making the stock its 14th largest position. Convergence Investment Partners LLC’s holdings in Teradata Corporation were worth $5,116,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas raised its position in Teradata Corporation by 3.2% in the second quarter. Teacher Retirement System of Texas now owns 10,591 shares of the technology company’s stock valued at $312,000 after buying an additional 325 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Teradata Corporation by 23.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 149,191 shares of the technology company’s stock valued at $4,417,000 after buying an additional 28,200 shares during the last quarter. Wedge Capital Management L L P NC raised its position in Teradata Corporation by 0.5% in the second quarter. Wedge Capital Management L L P NC now owns 19,366 shares of the technology company’s stock valued at $571,000 after buying an additional 87 shares during the last quarter. First Trust Advisors LP raised its position in Teradata Corporation by 24.7% in the second quarter. First Trust Advisors LP now owns 1,591,960 shares of the technology company’s stock valued at $46,947,000 after buying an additional 315,036 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Teradata Corporation by 70.6% in the second quarter. Arizona State Retirement System now owns 55,200 shares of the technology company’s stock valued at $1,628,000 after buying an additional 22,846 shares during the last quarter.

Teradata Corporation (TDC) opened at 30.83 on Friday. The stock has a 50 day moving average of $30.15 and a 200 day moving average of $29.98. Teradata Corporation has a one year low of $26.27 and a one year high of $33.32. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 40.20 and a beta of 1.28.

Teradata Corporation (NYSE:TDC) last released its earnings results on Thursday, July 27th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The firm had revenue of $513 million during the quarter, compared to the consensus estimate of $519.79 million. During the same period in the previous year, the firm earned $0.71 earnings per share. Teradata Corporation’s revenue was down 14.4% compared to the same quarter last year. Analysts forecast that Teradata Corporation will post $1.24 earnings per share for the current year.

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Several equities analysts have weighed in on the stock. BidaskClub lowered shares of Teradata Corporation from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets boosted their target price on shares of Teradata Corporation from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $32.00 target price on shares of Teradata Corporation in a report on Monday, July 10th. UBS AG reiterated a “sell” rating and issued a $22.00 target price (down from $24.00) on shares of Teradata Corporation in a report on Friday, June 16th. Finally, Sanford C. Bernstein assumed coverage on shares of Teradata Corporation in a report on Wednesday, May 24th. They issued an “underperform” rating and a $25.00 target price on the stock. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $28.50.

In other Teradata Corporation news, 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 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 $4,573,620.87. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Victor L. Lund purchased 31,270 shares of Teradata Corporation stock in a transaction on Monday, July 31st. The shares were acquired at an average cost of $31.95 per share, for a total transaction of $999,076.50. Following the completion of the transaction, the insider now owns 111,447 shares of the company’s stock, valued at $3,560,731.65. The disclosure for this purchase can be found here. Insiders own 1.73% of the company’s stock.

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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Institutional Ownership by Quarter for Teradata Corporation (NYSE:TDC)

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