Wells Fargo & Company MN raised its position in Teradata Co. (NYSE:TDC) by 22.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,229 shares of the technology company’s stock after purchasing an additional 48,463 shares during the quarter. Wells Fargo & Company MN owned 0.22% of Teradata worth $10,200,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TDC. Crossmark Global Holdings Inc. purchased a new stake in Teradata in the third quarter valued at approximately $406,000. Commerce Bank purchased a new stake in Teradata in the third quarter valued at approximately $223,000. Cipher Capital LP purchased a new stake in Teradata in the third quarter valued at approximately $2,244,000. Teachers Retirement System of The State of Kentucky raised its position in Teradata by 27.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 120,301 shares of the technology company’s stock valued at $4,065,000 after purchasing an additional 25,733 shares during the period. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Teradata during the third quarter worth $8,328,000. 97.94% of the stock is currently owned by institutional investors.
A number of analysts have recently weighed in on TDC shares. Zacks Investment Research lowered Teradata from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Mizuho reaffirmed a “sell” rating and set a $32.00 price objective on shares of Teradata in a research report on Monday, January 22nd. Cowen raised Teradata from a “market perform” rating to an “outperform” rating in a research report on Friday, February 2nd. Morgan Stanley raised Teradata from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $31.00 to $40.00 in a research report on Tuesday, January 23rd. Finally, Wells Fargo upped their price objective on Teradata from $27.50 to $30.00 and gave the stock an “underperform” rating in a research report on Friday, February 9th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Teradata has a consensus rating of “Hold” and a consensus price target of $34.82.
Teradata (NYSE:TDC) last posted its earnings results on Thursday, February 8th. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.40 by $0.18. The firm had revenue of $626.00 million for the quarter, compared to analyst estimates of $610.50 million. Teradata had a positive return on equity of 15.54% and a negative net margin of 3.11%. Teradata’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. equities analysts expect that Teradata Co. will post 1.07 EPS for the current fiscal year.
Teradata declared that its board has approved a stock repurchase plan on Thursday, February 8th that allows the company to repurchase $310.00 million in outstanding shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
In related news, Director James M. Ringler sold 7,496 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $41.85, for a total value of $313,707.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Laura K. Nyquist sold 52,379 shares of the stock in a transaction on Monday, March 5th. The shares were sold at an average price of $41.52, for a total value of $2,174,776.08. The disclosure for this sale can be found here. Insiders sold 67,371 shares of company stock worth $2,761,638 in the last three months. 1.22% of the stock is currently owned by corporate insiders.
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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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