BlackRock Investment Management LLC raised its stake in Teradata Corporation (NYSE:TDC) by 0.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 266,821 shares of the company’s stock after buying an additional 564 shares during the period. BlackRock Investment Management LLC owned 0.21% of Teradata Corporation worth $8,271,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Assetmark Inc. boosted its stake in Teradata Corporation by 14.7% in the third quarter. Assetmark Inc. now owns 4,820 shares of the company’s stock valued at $149,000 after buying an additional 619 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its stake in Teradata Corporation by 17.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,700 shares of the company’s stock valued at $193,000 after buying an additional 1,146 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Teradata Corporation by 686.7% in the second quarter. Glenmede Trust Co. NA now owns 9,448 shares of the company’s stock valued at $235,000 after buying an additional 8,247 shares during the last quarter. Synovus Financial Corp acquired a new stake in Teradata Corporation during the third quarter valued at about $237,000. Finally, Cognios Capital LLC boosted its stake in Teradata Corporation by 0.3% in the second quarter. Cognios Capital LLC now owns 9,552 shares of the company’s stock valued at $239,000 after buying an additional 30 shares during the last quarter. 99.75% of the stock is currently owned by institutional investors.
Shares of Teradata Corporation (NYSE:TDC) traded up 0.371% during trading on Wednesday, reaching $28.415. 384,621 shares of the company were exchanged. Teradata Corporation has a 1-year low of $21.98 and a 1-year high of $33.09. The firm has a market capitalization of $3.69 billion, a PE ratio of 205.906 and a beta of 1.36. The company’s 50-day moving average is $27.69 and its 200 day moving average is $28.85.
Teradata Corporation (NYSE:TDC) last issued its earnings results on Thursday, October 27th. The company reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.17. The business had revenue of $606 million for the quarter, compared to the consensus estimate of $556.26 million. Teradata Corporation had a net margin of 4.47% and a return on equity of 34.54%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. Equities research analysts expect that Teradata Corporation will post $2.48 EPS for the current fiscal year.
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Several analysts have commented on TDC shares. Bank of America Corporation set a $32.00 price objective on shares of Teradata Corporation and gave the stock a “buy” rating in a report on Monday, November 21st. Cowen and Company set a $29.00 price objective on shares of Teradata Corporation and gave the stock a “hold” rating in a report on Saturday, November 19th. JMP Securities restated a “hold” rating on shares of Teradata Corporation in a report on Saturday, November 19th. Zacks Investment Research upgraded shares of Teradata Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, November 2nd. Finally, William Blair restated a “market perform” rating on shares of Teradata Corporation in a report on Friday, September 16th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.36.
In other Teradata Corporation news, EVP Oliver Ratzesberger sold 4,076 shares of the company’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $26.32, for a total value of $107,280.32. Following the transaction, the executive vice president now directly owns 34,595 shares in the company, valued at approximately $910,540.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel L. Harrington sold 11,681 shares of the company’s stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $28.00, for a total transaction of $327,068.00. Following the completion of the transaction, the executive vice president now owns 51,324 shares in the company, valued at $1,437,072. The disclosure for this sale can be found here. 2.64% of the stock is currently owned by company insiders.
About Teradata Corporation
Teradata Corporation (Teradata) is a provider of analytic data platforms, marketing and analytic applications, and related services. The Company’s analytic data platforms consist of software, hardware and related business consulting and support services for data warehousing, and big data analytics. It operates in two segments: data and analytics, and marketing applications.
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