Teradata Corporation $TDC Position Lowered by Kestra Investment Management LLC

Kestra Investment Management LLC lessened its position in shares of Teradata Corporation (NYSE:TDC) by 79.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,965 shares of the technology company’s stock after selling 49,191 shares during the period. Kestra Investment Management LLC’s holdings in Teradata were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TDC. Fulcrum Asset Management LLP raised its position in Teradata by 8,577.3% during the third quarter. Fulcrum Asset Management LLP now owns 43,560 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 43,058 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in Teradata by 194.0% during the third quarter. Kestra Advisory Services LLC now owns 18,519 shares of the technology company’s stock worth $534,000 after purchasing an additional 12,220 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Teradata by 39.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 9,844 shares of the technology company’s stock valued at $284,000 after purchasing an additional 2,810 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Teradata in the 3rd quarter valued at $1,087,000. Finally, Vise Technologies Inc. increased its stake in shares of Teradata by 22.0% in the 3rd quarter. Vise Technologies Inc. now owns 16,563 shares of the technology company’s stock valued at $478,000 after purchasing an additional 2,990 shares during the last quarter. Institutional investors own 90.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on Teradata from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Morgan Stanley lowered Teradata from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $35.00 to $29.00 in a research note on Monday, August 10th. Weiss Ratings upgraded Teradata from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Wall Street Zen upgraded Teradata from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $34.00 target price on shares of Teradata in a research note on Thursday, July 16th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.12.

Teradata Price Performance

Shares of NYSE:TDC opened at $33.22 on Thursday. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 2.06 and a beta of 0.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.94 and a quick ratio of 0.92. The firm has a 50 day simple moving average of $30.81 and a 200 day simple moving average of $30.05. Teradata Corporation has a one year low of $23.86 and a one year high of $41.78.

Teradata (NYSE:TDC) last issued its earnings results on Thursday, November 5th. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. The firm had revenue of $399.00 million for the quarter, compared to analyst estimates of $395.66 million. Teradata had a net margin of 27.24% and a return on equity of 35.61%. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share. Research analysts predict that Teradata Corporation will post 1.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Stephen Mcmillan sold 10,000 shares of the business’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $32.51, for a total value of $325,100.00. Following the sale, the chief executive officer owned 742,446 shares of the company’s stock, valued at $24,136,919.46. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Michael D. Hutchinson sold 48,077 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $30.00, for a total transaction of $1,442,310.00. Following the completion of the sale, the chief operating officer directly owned 171,927 shares in the company, valued at approximately $5,157,810. This represents a 21.85% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 68,077 shares of company stock valued at $2,067,610. 0.96% of the stock is owned by company insiders.

Teradata Company Profile

Teradata provides cloud analytics and data platform services for organizations that manage large, complex data environments. Its offerings support the collection, integration, storage and analysis of data to help customers generate insights and build data-driven applications. The company’s portfolio includes Teradata VantageCloud, which supports cloud and hybrid deployments, and ClearScape Analytics, a set of tools for applying advanced analytics and artificial intelligence to data. Teradata also offers consulting, implementation and support services to help customers design and manage their data environments.