Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Teradata Co. (NYSE:TDC) by 43.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,439 shares of the technology company’s stock after acquiring an additional 2,256 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Teradata were worth $286,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in Teradata by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock worth $213,000 after buying an additional 31 shares in the last quarter. Commerce Bank purchased a new stake in Teradata in the 3rd quarter worth approximately $223,000. State of Alaska Department of Revenue purchased a new stake in Teradata in the 4th quarter worth approximately $288,000. Commerzbank Aktiengesellschaft FI lifted its position in Teradata by 22.7% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 9,594 shares of the technology company’s stock worth $324,000 after buying an additional 1,775 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Teradata in the 4th quarter worth approximately $331,000. Institutional investors own 97.94% of the company’s stock.
In other news, CFO Mark Culhane bought 4,500 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average cost of $37.66 per share, for a total transaction of $169,470.00. Following the purchase, the chief financial officer now owns 29,924 shares of the company’s stock, valued at approximately $1,126,937.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William S. Stavropoulos sold 7,496 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $36.44, for a total transaction of $273,154.24. The disclosure for this sale can be found here. Company insiders own 1.73% of the company’s stock.
Teradata (NYSE:TDC) last posted its earnings results on Thursday, February 8th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.18. Teradata had a negative net margin of 3.11% and a positive return on equity of 15.54%. The business had revenue of $626.00 million for the quarter, compared to analyst estimates of $610.50 million. During the same period last year, the business posted $0.67 EPS. Teradata’s revenue was up .0% compared to the same quarter last year. research analysts forecast that Teradata Co. will post 1.07 earnings per share for the current year.
Teradata declared that its board has initiated a share repurchase plan on Thursday, February 8th that permits the company to repurchase $310.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
TDC has been the subject of a number of research analyst reports. Deutsche Bank increased their target price on shares of Teradata from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Mizuho reiterated an “underperform” rating and issued a $32.00 target price (up previously from $26.00) on shares of Teradata in a research report on Wednesday, November 1st. BMO Capital Markets increased their target price on shares of Teradata from $32.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, November 3rd. Morgan Stanley increased their price target on shares of Teradata from $29.00 to $31.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. Finally, UBS Group increased their price target on shares of Teradata from $24.00 to $30.00 and gave the stock a “sell” rating in a research note on Thursday, November 9th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $34.82.
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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.
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