Teradata Co. (NYSE:TDC) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its position in shares of Teradata Co. (NYSE:TDC) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 83,545 shares of the technology company’s stock after selling 2,525 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.09% of Teradata worth $2,887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TDC. Crewe Advisors LLC acquired a new position in Teradata during the second quarter worth about $26,000. Sound Income Strategies LLC purchased a new stake in Teradata in the 1st quarter valued at approximately $31,000. Hexagon Capital Partners LLC grew its holdings in Teradata by 111.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after buying an additional 507 shares during the last quarter. Blue Trust Inc. increased its position in Teradata by 107.3% during the second quarter. Blue Trust Inc. now owns 2,017 shares of the technology company’s stock worth $70,000 after buying an additional 1,044 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Teradata in the second quarter worth $72,000. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the sale, the insider now directly owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Margaret A. Treese sold 5,500 shares of the firm’s stock in a transaction dated 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 of the company’s stock, valued at approximately $3,341,646.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

Teradata Price Performance

TDC stock opened at $30.25 on Wednesday. The company has a market cap of $2.91 billion, a PE ratio of 72.02, a price-to-earnings-growth ratio of 2.81 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. The stock has a 50-day moving average price of $28.38 and a two-hundred day moving average price of $32.46. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The firm had revenue of $436.00 million during the quarter, compared to the consensus estimate of $447.30 million. During the same quarter in the prior year, the company earned $0.20 EPS. The company’s revenue was down 5.6% on a year-over-year basis. As a group, research analysts predict that Teradata Co. will post 1.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Royal Bank of Canada dropped 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 initiated coverage on shares of Teradata in a research note on Friday, July 19th. They set a “sell” rating and a $32.00 price objective on the stock. JMP Securities cut shares of Teradata from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Guggenheim reissued a “buy” rating and set a $60.00 price target on shares of Teradata in a research note on Tuesday, June 25th. Finally, Evercore ISI lowered their price objective on Teradata from $46.00 to $34.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.36.

Teradata 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.