Swiss National Bank trimmed its position in shares of Teradata Co. (NYSE:TDC) by 1.6% in the 4th quarter, HoldingsChannel reports. The firm owned 214,659 shares of the technology company’s stock after selling 3,400 shares during the period. Swiss National Bank’s holdings in Teradata were worth $8,256,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of TDC. Alyeska Investment Group L.P. boosted its stake in Teradata by 259.2% during the third quarter. Alyeska Investment Group L.P. now owns 2,764,202 shares of the technology company’s stock worth $93,402,000 after buying an additional 1,994,620 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Teradata during the third quarter worth $33,107,000. Jennison Associates LLC acquired a new position in Teradata during the fourth quarter worth $24,693,000. Canada Pension Plan Investment Board boosted its stake in Teradata by 131.2% during the third quarter. Canada Pension Plan Investment Board now owns 839,067 shares of the technology company’s stock worth $28,352,000 after buying an additional 476,100 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in Teradata by 36.8% during the fourth quarter. APG Asset Management N.V. now owns 1,313,700 shares of the technology company’s stock worth $42,076,000 after buying an additional 353,300 shares during the last quarter. Hedge funds and other institutional investors own 97.94% of the company’s stock.
In other news, CFO Mark Culhane bought 4,500 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average price of $37.66 per share, with a total value of $169,470.00. Following the purchase, the chief financial officer now owns 29,924 shares in the company, valued at $1,126,937.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William S. Stavropoulos sold 7,496 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $36.44, for a total value of $273,154.24. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by corporate insiders.
Teradata (NYSE:TDC) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.18. Teradata had a positive return on equity of 15.54% and a negative net margin of 3.11%. The business had revenue of $626.00 million for the quarter, compared to analyst estimates of $610.50 million. During the same quarter in the prior year, the company posted $0.67 EPS. The company’s quarterly revenue was up .0% on a year-over-year basis. sell-side analysts expect that Teradata Co. will post 1.07 earnings per share for the current year.
Teradata declared that its board has initiated a stock buyback program on Thursday, February 8th that permits the company to buyback $310.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
A number of equities analysts have weighed in on the company. BMO Capital Markets boosted their price objective on Teradata from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Mizuho reissued a “sell” rating and set a $32.00 price objective on shares of Teradata in a research note on Monday, January 22nd. Morgan Stanley raised Teradata from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $31.00 to $40.00 in a research note on Tuesday, January 23rd. Summit Redstone raised Teradata from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Finally, Wells Fargo & Co boosted their price objective on Teradata from $27.50 to $30.00 and gave the stock an “underperform” rating in a research note on Friday, February 9th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target 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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