Teradata (TDC) Stake Lowered by Tyers Asset Management LLC

Tyers Asset Management LLC cut its holdings in Teradata (NYSE:TDC) by 70.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,092 shares of the technology company’s stock after selling 101,220 shares during the period. Tyers Asset Management LLC’s holdings in Teradata were worth $1,710,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Invictus RG increased its stake in shares of Teradata by 37.4% in the fourth quarter. Invictus RG now owns 7,940 shares of the technology company’s stock worth $305,000 after purchasing an additional 2,161 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Teradata by 43.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,439 shares of the technology company’s stock worth $286,000 after purchasing an additional 2,256 shares during the period. First Republic Investment Management Inc. increased its stake in shares of Teradata by 28.2% in the fourth quarter. First Republic Investment Management Inc. now owns 19,361 shares of the technology company’s stock worth $744,000 after purchasing an additional 4,262 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in shares of Teradata in the fourth quarter worth about $175,000. Finally, Wells Fargo & Company MN increased its stake in shares of Teradata by 2.0% in the first quarter. Wells Fargo & Company MN now owns 270,481 shares of the technology company’s stock worth $10,730,000 after purchasing an additional 5,252 shares during the period. Institutional investors and hedge funds own 97.94% of the company’s stock.

In other news, General Counsel Laura K. Nyquist sold 52,379 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $41.52, for a total value of $2,174,776.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James M. Ringler sold 7,496 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $41.85, for a total value of $313,707.60. The disclosure for this sale can be found here. Insiders own 1.22% of the company’s stock.



TDC has been the topic of a number of recent analyst reports. Mizuho reiterated a “sell” rating and issued a $32.00 price objective on shares of Teradata in a research note on Monday, January 22nd. Morgan Stanley upgraded Teradata from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $31.00 to $40.00 in a research note on Tuesday, January 23rd. Cowen upgraded Teradata from a “market perform” rating to an “outperform” rating in a research note on Friday, February 2nd. BMO Capital Markets lifted 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. Finally, Wells Fargo lifted 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. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Teradata presently has a consensus rating of “Hold” and a consensus target price of $36.64.

Shares of Teradata opened at $38.86 on Friday, according to MarketBeat Ratings. Teradata has a 12-month low of $37.98 and a 12-month high of $38.36. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.63 and a current ratio of 1.68. The stock has a market cap of $4.61 billion, a P/E ratio of 47.98, a PEG ratio of 13.12 and a beta of 1.20.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Teradata had a positive return on equity of 14.76% and a negative net margin of 3.32%. The firm had revenue of $506.00 million for the quarter, compared to analyst estimates of $495.95 million. During the same period in the previous year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. analysts anticipate that Teradata will post 0.97 EPS for the current fiscal year.

Teradata announced that its board has authorized a stock repurchase plan on Thursday, February 8th that authorizes the company to repurchase $310.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

About Teradata

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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Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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