Crestline Management LP trimmed its holdings in Teradata Co. (NYSE:TDC) by 56.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,300 shares of the technology company’s stock after selling 86,179 shares during the period. Crestline Management LP owned about 0.06% of Teradata worth $2,505,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. raised its position in shares of Teradata by 4.2% in the 4th quarter. BlackRock Inc. now owns 11,627,639 shares of the technology company’s stock valued at $446,037,000 after purchasing an additional 473,405 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Teradata by 13.2% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,353,582 shares of the technology company’s stock valued at $126,464,000 after acquiring an additional 392,272 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Teradata by 1.4% during the 3rd quarter. Teachers Advisors LLC now owns 2,526,373 shares of the technology company’s stock valued at $95,270,000 after acquiring an additional 34,398 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Teradata by 3,695.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,813,738 shares of the technology company’s stock valued at $47,000 after acquiring an additional 1,765,956 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Teradata by 49.3% during the 3rd quarter. Renaissance Technologies LLC now owns 1,318,510 shares of the technology company’s stock valued at $49,721,000 after acquiring an additional 435,210 shares in the last quarter. 94.43% of the stock is currently owned by institutional investors.
In other news, Director Lisa R. Bacus sold 12,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $48.04, for a total value of $576,480.00. Following the completion of the transaction, the director now owns 22,486 shares of the company’s stock, valued at $1,080,227.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James M. Ringler sold 10,710 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $46.34, for a total value of $496,301.40. Following the completion of the transaction, the director now directly owns 57,180 shares of the company’s stock, valued at approximately $2,649,721.20. The disclosure for this sale can be found here. Corporate insiders own 1.22% of the company’s stock.
Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Teradata from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. ValuEngine raised Teradata from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 28th. TheStreet raised Teradata from a “c+” rating to a “b-” rating in a research report on Friday, February 8th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $45.00 target price (up from $40.00) on shares of Teradata in a research report on Friday, February 8th. Finally, Cowen increased their target price on Teradata from $51.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, February 11th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $47.44.
Shares of NYSE TDC opened at $47.94 on Friday. Teradata Co. has a 1-year low of $34.06 and a 1-year high of $49.42. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 54.48, a P/E/G ratio of 2.38 and a beta of 0.98.
Teradata (NYSE:TDC) last issued its earnings results on Thursday, February 7th. The technology company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Teradata had a return on equity of 18.18% and a net margin of 1.39%. The firm had revenue of $588.00 million for the quarter, compared to analyst estimates of $565.94 million. During the same period last year, the company earned $0.58 earnings per share. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. Sell-side analysts anticipate that Teradata Co. will post 1.06 EPS for the current fiscal year.
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Teradata Company Profile
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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