Piermont Capital Management Inc. cut its holdings in Teradata (NYSE:TDC) by 7.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,080 shares of the technology company’s stock after selling 2,020 shares during the period. Piermont Capital Management Inc.’s holdings in Teradata were worth $1,035,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Invictus RG lifted its stake in 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 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 last quarter. First Republic Investment Management Inc. lifted its stake in 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 last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Teradata in the fourth quarter worth $175,000. Finally, Wells Fargo & Company MN lifted its stake in 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 last quarter. 98.06% of the stock is owned by institutional investors and hedge funds.
Get Teradata alerts:Several research firms have weighed in on TDC. Cowen raised shares of Teradata from a “market perform” rating to an “outperform” rating in a research note on Friday, February 2nd. BMO Capital Markets lowered their price objective on shares of Teradata from $42.00 to $40.00 and set a “market perform” rating for the company in a research note on Friday, May 4th. Wells Fargo upped their price objective on shares of Teradata from $30.00 to $35.00 and gave the company an “underperform” rating in a research note on Thursday, May 10th. Sanford C. Bernstein raised shares of Teradata from an “underperform” rating to a “market perform” rating in a research note on Monday, March 5th. Finally, ValuEngine raised shares of Teradata from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Teradata has a consensus rating of “Hold” and a consensus target price of $36.64.
Teradata opened at $38.49 on Tuesday, Marketbeat reports. Teradata has a 1 year low of $27.05 and a 1 year high of $42.84. The stock has a market capitalization of $4.69 billion, a P/E ratio of 44.99, a P/E/G ratio of 13.35 and a beta of 1.20. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.71.
Teradata (NYSE:TDC) last released its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. Teradata had a negative net margin of 3.32% and a positive return on equity of 14.76%. The company had revenue of $506.00 million during the quarter, compared to the consensus estimate of $495.95 million. During the same period in the prior year, the firm earned $0.28 earnings per share. Teradata’s revenue was up 3.1% on a year-over-year basis. equities analysts anticipate that Teradata will post 0.97 earnings per share for the current fiscal year.
Teradata announced that its Board of Directors has authorized a share buyback program 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. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.
In other Teradata news, General Counsel Laura K. Nyquist sold 52,379 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $41.52, for a total value of $2,174,776.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James M. Ringler sold 7,496 shares of the company’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 disclosure for this sale can be found here. 1.22% of the stock is owned by corporate insiders.
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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