Principal Financial Group Inc. Sells 98,774 Shares of Teradata Co. (NYSE:TDC)

Principal Financial Group Inc. decreased its position in shares of Teradata Co. (NYSE:TDC) by 30.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 224,227 shares of the technology company’s stock after selling 98,774 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Teradata worth $6,803,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Teradata by 3.4% in 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 acquiring an additional 351 shares during the last quarter. Arizona State Retirement System lifted 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 worth $942,000 after acquiring an additional 390 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Teradata by 2.1% in the third quarter. Harbor Capital Advisors Inc. now owns 20,949 shares of the technology company’s stock worth $636,000 after acquiring an additional 434 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after acquiring an additional 447 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Teradata by 111.4% in the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after acquiring an additional 507 shares during the last quarter. Institutional investors own 90.31% of the company’s stock.

Insider Transactions at Teradata

In related news, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction on Thursday, August 29th. The stock was 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 trade represents a 5.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hillary Ashton sold 14,962 shares of the stock in a transaction 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 in the company, valued at approximately $3,341,646.46. This represents a 10.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Teradata Stock Performance

NYSE:TDC opened at $29.50 on Wednesday. The company has a market capitalization of $2.82 billion, a PE ratio of 35.12, a P/E/G ratio of 2.85 and a beta of 0.80. The company has a 50 day simple moving average of $30.40 and a two-hundred day simple moving average of $31.09. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.79 and a current ratio of 0.80. Teradata Co. has a fifty-two week low of $24.02 and a fifty-two week high of $49.44.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.56 by $0.13. The company had revenue of $440.00 million during the quarter, compared to the consensus estimate of $417.71 million. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. Research analysts anticipate that Teradata Co. will post 1.41 earnings per share for the current year.

Analyst Ratings Changes

TDC has been the subject of several recent research reports. Barclays lowered their price objective on Teradata from $30.00 to $29.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. TD Cowen lowered their price objective on Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. UBS Group upped their price objective on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Northland Securities lowered their price objective on Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Finally, JMP Securities downgraded Teradata from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Three 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.91.

About Teradata

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.