Teradata Co. (NYSE:TDC) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in shares of Teradata Co. (NYSE:TDC) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,723 shares of the technology company’s stock after selling 3,379 shares during the quarter. Raymond James & Associates owned about 0.11% of Teradata worth $3,329,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Teradata by 3.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,716 shares of the technology company’s stock worth $370,000 after buying an additional 351 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Teradata by 1.5% in the second quarter. Arizona State Retirement System now owns 27,268 shares of the technology company’s stock valued at $942,000 after purchasing an additional 390 shares during the period. GAMMA Investing LLC boosted its stake in Teradata by 88.0% during the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after buying an additional 447 shares during the period. Hexagon Capital Partners LLC boosted its stake in Teradata by 111.4% during the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after buying an additional 507 shares during the period. Finally, State of Michigan Retirement System boosted its stake in Teradata by 2.6% during the first quarter. State of Michigan Retirement System now owns 24,042 shares of the technology company’s stock worth $930,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Teradata Stock Up 3.1 %

Shares of NYSE:TDC opened at $33.23 on Monday. The firm’s 50 day moving average price is $29.96 and its 200 day moving average price is $31.75. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 52.75, a price-to-earnings-growth ratio of 2.99 and a beta of 0.79. Teradata Co. has a fifty-two week low of $24.02 and a fifty-two week high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 6.87.

Teradata (NYSE:TDC) last issued its earnings results on Monday, August 5th. The technology company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.16. The firm had revenue of $436.00 million for the quarter, compared to analysts’ expectations of $447.30 million. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. As a group, equities research analysts predict that Teradata Co. will post 1.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TDC has been the subject of several research analyst reports. Royal Bank of Canada lowered their target price on shares of Teradata from $40.00 to $32.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 6th. UBS Group began coverage on shares of Teradata in a research report on Friday, July 19th. They set a “sell” rating and a $32.00 price target on the stock. JMP Securities cut shares of Teradata from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Northland Securities reduced their price target on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Finally, Barclays reduced their price target on shares of Teradata from $35.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 6th. Three 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $40.64.

Insider Buying and Selling at Teradata

In other Teradata news, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the transaction, the insider now directly owns 96,783 shares in the company, valued at $2,758,315.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Teradata news, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the transaction, the insider now directly owns 96,783 shares in the company, valued at $2,758,315.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Hillary Ashton sold 14,962 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.

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.