Burney Co. decreased its position in Teradata Co. (NYSE:TDC) by 15.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,093 shares of the technology company’s stock after selling 5,941 shares during the quarter. Burney Co.’s holdings in Teradata were worth $1,401,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in TDC. Macquarie Group Ltd. purchased a new stake in Teradata in the fourth quarter worth about $32,000. Tortoise Index Solutions LLC purchased a new stake in Teradata in the first quarter worth about $36,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Teradata in the first quarter worth about $44,000. Penserra Capital Management LLC grew its holdings in Teradata by 21.7% in the fourth quarter. Penserra Capital Management LLC now owns 1,215 shares of the technology company’s stock worth $46,000 after purchasing an additional 217 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in Teradata by 3,695.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,813,738 shares of the technology company’s stock worth $47,000 after purchasing an additional 1,765,956 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.
A number of equities research analysts have weighed in on TDC shares. Zacks Investment Research upgraded shares of Teradata from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Citigroup cut shares of Teradata from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $42.00 to $36.00 in a report on Wednesday, March 20th. ValuEngine upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 28th. Barclays restated a “sell” rating and issued a $33.00 price objective on shares of Teradata in a report on Sunday, May 5th. Finally, TheStreet cut shares of Teradata from a “b-” rating to a “c” rating in a report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.50.
In other news, CFO Mark Culhane bought 1,400 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were purchased at an average price of $39.35 per share, for a total transaction of $55,090.00. Following the completion of the purchase, the chief financial officer now owns 57,485 shares in the company, valued at approximately $2,262,034.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.12% of the company’s stock.
Shares of NYSE TDC opened at $36.05 on Thursday. The company has a market capitalization of $4.19 billion, a PE ratio of 40.97, a PEG ratio of 2.81 and a beta of 1.18. Teradata Co. has a 52-week low of $33.83 and a 52-week high of $49.42. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.37 and a current ratio of 1.42.
Teradata (NYSE:TDC) last issued its earnings results on Thursday, May 2nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The firm had revenue of $468.00 million for the quarter, compared to the consensus estimate of $487.57 million. Teradata had a net margin of 1.27% and a return on equity of 20.91%. The business’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. On average, research analysts anticipate that Teradata Co. will post 0.99 earnings per share for the current year.
Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.
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