Wedge Capital Management L L P NC raised its holdings in Teradata Co. (NYSE:TDC) by 13.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,591 shares of the technology company’s stock after acquiring an additional 1,878 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Teradata were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC acquired a new position in shares of Teradata in the 3rd quarter valued at about $254,000. Ardevora Asset Management LLP increased its holdings in Teradata by 8.1% in the third quarter. Ardevora Asset Management LLP now owns 947,141 shares of the technology company’s stock worth $35,717,000 after buying an additional 71,300 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Teradata by 11.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 77,690 shares of the technology company’s stock worth $2,930,000 after buying an additional 7,862 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Teradata by 641.3% in the third quarter. Russell Investments Group Ltd. now owns 132,684 shares of the technology company’s stock worth $5,003,000 after buying an additional 114,784 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its holdings in Teradata by 19.6% in the third quarter. Rice Hall James & Associates LLC now owns 72,436 shares of the technology company’s stock worth $2,732,000 after buying an additional 11,876 shares during the last quarter. 99.41% of the stock is owned by institutional investors.
A number of equities analysts recently commented on TDC shares. Barclays increased their price objective on Teradata from $31.00 to $34.00 and gave the stock an “underweight” rating in a report on Friday, September 7th. Stifel Nicolaus increased their price objective on Teradata from $49.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research downgraded Teradata from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Finally, Standpoint Research downgraded Teradata from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a report on Tuesday, July 24th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $42.20.
Teradata (NYSE:TDC) last announced its earnings results on Thursday, November 1st. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $526.00 million during the quarter, compared to analysts’ expectations of $534.95 million. Teradata had a positive return on equity of 18.61% and a negative net margin of 2.68%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. On average, sell-side analysts anticipate that Teradata Co. will post 0.83 EPS for the current year.
In other Teradata news, EVP Daniel L. Harrington sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $40.35, for a total transaction of $524,550.00. Following the completion of the sale, the executive vice president now owns 92,995 shares of the company’s stock, valued at $3,752,348.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Culhane bought 6,900 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were bought at an average cost of $35.11 per share, with a total value of $242,259.00. Following the transaction, the chief financial officer now directly owns 36,824 shares of the company’s stock, valued at $1,292,890.64. The disclosure for this purchase can be found here. 1.22% of the stock is owned by corporate insiders.
Teradata Company Profile
Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.
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