Kovitz Investment Group Partners LLC Acquires New Position in Teradata Corporation (NYSE:TDC)

Kovitz Investment Group Partners LLC acquired a new stake in Teradata Corporation (NYSE:TDC) during the second quarter, according to its most recent filing with the SEC. The firm acquired 51,200 shares of the technology company’s stock, valued at approximately $1,510,000.

A number of other large investors have also added to or reduced their stakes in TDC. Advantus Capital Management Inc raised its stake in Teradata Corporation by 0.6% in the first quarter. Advantus Capital Management Inc now owns 12,936 shares of the technology company’s stock valued at $403,000 after buying an additional 78 shares during the period. Great West Life Assurance Co. Can raised its stake in Teradata Corporation by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 34,190 shares of the technology company’s stock valued at $1,064,000 after buying an additional 86 shares during the period. Contravisory Investment Management Inc. raised its stake in Teradata Corporation by 1.0% in the second quarter. Contravisory Investment Management Inc. now owns 9,556 shares of the technology company’s stock valued at $282,000 after buying an additional 92 shares during the period. Comerica Bank raised its stake in Teradata Corporation by 0.3% in the first quarter. Comerica Bank now owns 31,346 shares of the technology company’s stock valued at $921,000 after buying an additional 98 shares during the period. Finally, New Mexico Educational Retirement Board raised its stake in Teradata Corporation by 0.8% in the first quarter. New Mexico Educational Retirement Board now owns 13,298 shares of the technology company’s stock valued at $414,000 after buying an additional 100 shares during the period.

Teradata Corporation (NYSE TDC) traded down 0.66% on Friday, hitting $30.08. 1,662,584 shares of the stock traded hands. Teradata Corporation has a 12-month low of $26.27 and a 12-month high of $33.32. The stock has a 50-day moving average price of $30.28 and a 200 day moving average price of $30.04. The stock has a market cap of $3.79 billion, a P/E ratio of 39.22 and a beta of 1.28.

Teradata Corporation (NYSE:TDC) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.22. The firm had revenue of $513 million during the quarter, compared to analysts’ expectations of $519.79 million. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The business’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 earnings per share. On average, equities analysts expect that Teradata Corporation will post $1.25 EPS for the current fiscal year.

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Several research firms recently weighed in on TDC. UBS AG reiterated a “sell” rating and set a $22.00 price objective (down previously from $24.00) on shares of Teradata Corporation in a research note on Friday, June 16th. BidaskClub upgraded shares of Teradata Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. BMO Capital Markets restated a “hold” rating and issued a $30.00 price target on shares of Teradata Corporation in a research note on Sunday, July 16th. Stifel Nicolaus restated a “hold” rating and issued a $32.00 price target on shares of Teradata Corporation in a research note on Monday, August 14th. Finally, TheStreet lowered shares of Teradata Corporation from a “b-” rating to a “c” rating in a research note on Thursday, April 27th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.50.

In other Teradata Corporation news, insider Victor L. Lund bought 31,270 shares of Teradata Corporation stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $31.95 per share, for a total transaction of $999,076.50. Following the completion of the acquisition, the insider now owns 111,447 shares of the company’s stock, valued at approximately $3,560,731.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $31.83, for a total transaction of $1,498,078.95. Following the transaction, the chief financial officer now owns 143,689 shares of the company’s stock, valued at approximately $4,573,620.87. The disclosure for this sale can be found here. 1.73% of the stock is owned by corporate insiders.

About Teradata Corporation

Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.

Institutional Ownership by Quarter for Teradata Corporation (NYSE:TDC)

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