Axa cut its holdings in Teradata Co. (NYSE:TDC) by 37.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 220,200 shares of the technology company’s stock after selling 133,685 shares during the quarter. Axa owned approximately 0.18% of Teradata worth $8,469,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in TDC. Oppenheimer & Co. Inc. acquired a new stake in Teradata in the fourth quarter valued at about $207,000. Commerce Bank acquired a new stake in Teradata in the third quarter valued at about $223,000. ARP Americas LP acquired a new stake in Teradata in the fourth quarter valued at about $238,000. Price Capital Management Inc. acquired a new stake in Teradata in the fourth quarter valued at about $242,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Teradata in the fourth quarter valued at about $249,000. 97.94% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director James M. Ringler sold 7,496 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $41.85, for a total transaction of $313,707.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Laura K. Nyquist sold 52,379 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was 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 have sold 67,371 shares of company stock valued at $2,761,638 over the last 90 days. 1.22% of the stock is owned by corporate insiders.
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. Teradata had a positive return on equity of 15.54% and a negative net margin of 3.11%. The firm had revenue of $626.00 million during the quarter, compared to the consensus estimate of $610.50 million. During the same period last year, the company earned $0.67 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. equities research analysts anticipate that Teradata Co. will post 1.07 EPS for the current fiscal year.
Teradata declared that its Board of Directors has initiated a share buyback program on Thursday, February 8th that authorizes the company to buyback $310.00 million in shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Several analysts recently weighed in on the company. Cowen raised Teradata from a “market perform” rating to an “outperform” rating in a research note on Friday, February 2nd. Sanford C. Bernstein raised Teradata from an “underperform” rating to a “market perform” rating in a research note on Monday, March 5th. ValuEngine raised Teradata from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Morgan Stanley upgraded Teradata from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $31.00 to $40.00 in a research report on Tuesday, January 23rd. Finally, Mizuho reiterated a “sell” rating and issued a $32.00 target price on shares of Teradata in a research report on Monday, January 22nd. Four 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. The stock currently has a consensus rating of “Hold” and an average price target of $34.82.
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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