26,520 Shares in Teradata Corporation (TDC) Purchased by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans bought a new position in shares of Teradata Corporation (NYSE:TDC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 26,520 shares of the technology company’s stock, valued at approximately $782,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Teradata Corporation by 3.1% during the first quarter. Vanguard Group Inc. now owns 15,016,972 shares of the technology company’s stock worth $467,328,000 after buying an additional 448,436 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Teradata Corporation by 6.0% during the second quarter. Bank of New York Mellon Corp now owns 12,436,915 shares of the technology company’s stock worth $366,764,000 after buying an additional 705,690 shares during the last quarter. BlackRock Inc. raised its stake in Teradata Corporation by 42.6% during the second quarter. BlackRock Inc. now owns 11,126,276 shares of the technology company’s stock worth $328,115,000 after buying an additional 3,324,754 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Teradata Corporation by 24.1% during the second quarter. Ameriprise Financial Inc. now owns 6,293,085 shares of the technology company’s stock worth $185,598,000 after buying an additional 1,221,193 shares during the last quarter. Finally, State Street Corp raised its stake in Teradata Corporation by 1.6% during the first quarter. State Street Corp now owns 4,577,911 shares of the technology company’s stock worth $142,462,000 after buying an additional 71,155 shares during the last quarter.

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

TDC has been the subject of a number of analyst reports. UBS AG reissued a “sell” rating and set a $22.00 target price (down previously from $24.00) on shares of Teradata Corporation in a research note on Friday, June 16th. BidaskClub raised shares of Teradata Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Stifel Nicolaus reissued a “hold” rating and set a $32.00 target price on shares of Teradata Corporation in a research note on Monday, July 10th. BMO Capital Markets reissued a “hold” rating and set a $30.00 target price on shares of Teradata Corporation in a research note on Sunday, July 16th. Finally, Needham & Company LLC initiated coverage on shares of Teradata Corporation in a research note on Monday, September 11th. They set a “hold” rating for the company. Four 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 company. Teradata Corporation has an average rating of “Hold” and a consensus target price of $28.75.

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Shares of Teradata Corporation (NYSE:TDC) opened at 33.07 on Wednesday. The firm has a 50-day moving average of $32.33 and a 200 day moving average of $30.37. Teradata Corporation has a 1-year low of $26.27 and a 1-year high of $34.30. The company has a market capitalization of $4.17 billion, a P/E ratio of 43.12 and a beta of 1.26.

Teradata Corporation (NYSE:TDC) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.22 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The business had revenue of $513.00 million during the quarter, compared to analyst estimates of $519.79 million. During the same period in the prior year, the business earned $0.71 EPS. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. On average, equities research analysts expect that Teradata Corporation will post $1.25 earnings per share for the current year.

Teradata Corporation Company Profile

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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