Utah Retirement Systems Has $695,000 Holdings in Teradata Corporation (TDC)
Utah Retirement Systems raised its stake in Teradata Corporation (NYSE:TDC) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,588 shares of the technology company’s stock after buying an additional 100 shares during the period. Utah Retirement Systems’ holdings in Teradata Corporation were worth $695,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TDC. BlackRock Inc. grew its position in shares of Teradata Corporation by 5,397.6% in the 1st quarter. BlackRock Inc. now owns 7,801,522 shares of the technology company’s stock valued at $242,782,000 after buying an additional 7,659,614 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Teradata Corporation by 437.3% in the 1st quarter. Wellington Management Group LLP now owns 1,658,144 shares of the technology company’s stock valued at $51,601,000 after buying an additional 1,349,522 shares during the last quarter. Frontier Capital Management Co. LLC bought a new stake in shares of Teradata Corporation in the 2nd quarter valued at about $22,262,000. Bank of New York Mellon Corp grew its position in shares of Teradata Corporation by 6.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,436,915 shares of the technology company’s stock valued at $366,764,000 after buying an additional 705,690 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Teradata Corporation by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 15,016,972 shares of the technology company’s stock valued at $467,328,000 after buying an additional 448,436 shares during the last quarter. Hedge funds and other institutional investors own 99.94% of the company’s stock.
Shares of Teradata Corporation (TDC) opened at 31.94 on Wednesday. The company’s 50 day moving average price is $31.10 and its 200 day moving average price is $30.05. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 41.64 and a beta of 1.25. Teradata Corporation has a 12 month low of $26.27 and a 12 month high of $33.32.
Teradata Corporation (NYSE:TDC) last posted its earnings results on Thursday, July 27th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. The company had revenue of $513.00 million for the quarter, compared to analysts’ expectations of $519.79 million. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. Teradata Corporation’s quarterly revenue was down 14.4% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. On average, equities analysts expect that Teradata Corporation will post $1.25 EPS for the current fiscal year.
In other Teradata Corporation news, insider Victor L. Lund bought 31,270 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average cost of $31.95 per share, with a total value of $999,076.50. Following the completion of the purchase, the insider now directly owns 111,447 shares of the company’s stock, valued at $3,560,731.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $31.83, for a total value of $1,498,078.95. Following the completion of the sale, the chief financial officer now directly owns 143,689 shares in the company, valued at $4,573,620.87. The disclosure for this sale can be found here. 1.73% of the stock is owned by company insiders.
A number of research firms have commented on TDC. UBS AG reiterated a “sell” rating and issued a $22.00 price target (down previously from $24.00) on shares of Teradata Corporation in a research report on Friday, June 16th. Needham & Company LLC began coverage on Teradata Corporation in a research report on Monday. They issued a “hold” rating on the stock. BidaskClub lowered Teradata Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Stifel Nicolaus reiterated a “hold” rating and issued a $32.00 price target on shares of Teradata Corporation in a research report on Monday, August 14th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $30.00 price target on shares of Teradata Corporation in a research report on Sunday, July 16th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. Teradata Corporation currently has an average rating of “Hold” and an average target price of $28.75.
Teradata Corporation 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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