Barings LLC trimmed its stake in shares of Teradata Corporation (NYSE:TDC) by 83.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,900 shares of the technology company’s stock after selling 60,984 shares during the period. Barings LLC’s holdings in Teradata were worth $402,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of TDC. BlackRock Inc. increased its stake in Teradata by 42.6% in the 2nd quarter. BlackRock Inc. now owns 11,126,276 shares of the technology company’s stock valued at $328,115,000 after buying an additional 3,324,754 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Teradata by 24.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,293,085 shares of the technology company’s stock valued at $185,598,000 after buying an additional 1,221,193 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Teradata in the 3rd quarter valued at $33,107,000. Frontier Capital Management Co. LLC acquired a new stake in Teradata in the 2nd quarter valued at $22,262,000. Finally, Bank of New York Mellon Corp increased its stake in Teradata by 6.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,436,915 shares of the technology company’s stock valued at $366,764,000 after buying an additional 705,690 shares during the last quarter. Institutional investors and hedge funds own 97.94% of the company’s stock.
Several equities research analysts have issued reports on TDC shares. BidaskClub lowered shares of Teradata from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Stifel Nicolaus reiterated a “hold” rating and issued a $32.00 price target on shares of Teradata in a research note on Monday, August 14th. Needham & Company LLC initiated coverage on shares of Teradata in a research note on Monday, September 11th. They set a “hold” rating on the stock. Sanford C. Bernstein restated an “underperform” rating and set a $27.00 price objective on shares of Teradata in a research note on Monday, September 11th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $30.00 price objective on shares of Teradata in a research note on Wednesday, October 18th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.75.
Teradata (NYSE:TDC) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.17. The company had revenue of $526.00 million for the quarter, compared to analyst estimates of $511.23 million. Teradata had a net margin of 3.01% and a return on equity of 16.47%. Teradata’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. sell-side analysts anticipate that Teradata Corporation will post 0.91 earnings per share for the current fiscal year.
In related news, CFO Mark Culhane bought 4,500 shares of Teradata stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of $37.66 per share, with a total value of $169,470.00. Following the acquisition, the chief financial officer now owns 29,924 shares of the company’s stock, valued at approximately $1,126,937.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.73% of the stock is owned by insiders.
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Teradata 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.
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