Central Pacific Bank Trust Division Has $139,000 Stock Position in Teradata Co. (NYSE:TDC)

Central Pacific Bank Trust Division lifted its stake in shares of Teradata Co. (NYSE:TDC) by 25.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,590 shares of the technology company’s stock after buying an additional 930 shares during the period. Central Pacific Bank Trust Division’s holdings in Teradata were worth $139,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TDC. M&G Plc grew its stake in shares of Teradata by 2,920.3% in the second quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock worth $41,429,000 after purchasing an additional 1,144,492 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Teradata by 60.9% during the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock worth $73,827,000 after acquiring an additional 808,691 shares during the last quarter. Ariel Investments LLC acquired a new position in shares of Teradata in the first quarter worth approximately $30,998,000. Lynrock Lake LP boosted its holdings in Teradata by 9.9% in the second quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock valued at $230,400,000 after acquiring an additional 600,000 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Teradata by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 11,841,180 shares of the technology company’s stock valued at $457,898,000 after purchasing an additional 377,761 shares during the period. Institutional investors and hedge funds own 90.31% of the company’s stock.

Insiders Place Their Bets

In related news, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the sale, the insider now directly owns 96,783 shares in the company, valued at approximately $2,758,315.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the completion of the transaction, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the sale, the insider now directly owns 96,783 shares in the company, valued at approximately $2,758,315.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Northland Securities reduced their price objective on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Guggenheim reaffirmed a “buy” rating and set a $60.00 price target on shares of Teradata in a research report on Tuesday, June 25th. Royal Bank of Canada lowered their price objective on Teradata from $40.00 to $32.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 6th. UBS Group started coverage on Teradata in a research report on Friday, July 19th. They set a “sell” rating and a $32.00 target price on the stock. Finally, Evercore ISI lowered their target price on Teradata from $46.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Teradata currently has an average rating of “Hold” and an average target price of $40.36.

Teradata Stock Performance

NYSE TDC opened at $30.35 on Friday. The company has a market cap of $2.92 billion, a P/E ratio of 72.26, a PEG ratio of 2.78 and a beta of 0.80. The company has a fifty day simple moving average of $28.46 and a 200 day simple moving average of $32.65. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. Teradata Co. has a 12-month low of $24.02 and a 12-month high of $49.44.

Teradata (NYSE:TDC) last posted its earnings results on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.48 by $0.16. The company had revenue of $436.00 million during the quarter, compared to the consensus estimate of $447.30 million. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 earnings per share. Sell-side analysts predict that Teradata Co. will post 1.3 earnings per share for the current fiscal year.

Teradata Company Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.