Schwab Charles Investment Management Inc. reduced its stake in Teradata Corporation (NYSE:TDC) by 24.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 769,550 shares of the technology company’s stock after selling 254,584 shares during the period. Schwab Charles Investment Management Inc. owned 0.60% of Teradata Corporation worth $22,695,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Advantus Capital Management Inc boosted its stake in Teradata Corporation by 0.6% in the first quarter. Advantus Capital Management Inc now owns 12,936 shares of the technology company’s stock valued at $403,000 after acquiring an additional 78 shares during the period. Great West Life Assurance Co. Can boosted its stake in Teradata Corporation by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 34,190 shares of the technology company’s stock valued at $1,064,000 after acquiring an additional 86 shares during the period. Contravisory Investment Management Inc. boosted its stake in Teradata Corporation by 1.0% in the second quarter. Contravisory Investment Management Inc. now owns 9,556 shares of the technology company’s stock valued at $282,000 after acquiring an additional 92 shares during the period. Comerica Bank boosted its stake in Teradata Corporation by 0.3% in the first quarter. Comerica Bank now owns 31,346 shares of the technology company’s stock valued at $921,000 after acquiring an additional 98 shares during the period. Finally, Arizona State Retirement System boosted its stake in Teradata Corporation by 0.6% in the first quarter. Arizona State Retirement System now owns 32,354 shares of the technology company’s stock valued at $1,007,000 after acquiring an additional 200 shares during the period. Institutional investors own 99.94% of the company’s stock.

In other Teradata Corporation news, CFO Stephen Mark Scheppmann sold 47,065 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $31.83, for a total transaction of $1,498,078.95. Following the sale, the chief financial officer now directly owns 143,689 shares of the company’s stock, valued at $4,573,620.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Victor L. Lund acquired 31,270 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were purchased at an average cost of $31.95 per share, for a total transaction 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 approximately $3,560,731.65. The disclosure for this purchase can be found here. 1.73% of the stock is currently owned by corporate insiders.

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TDC has been the subject of a number of research reports. BidaskClub downgraded Teradata Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Stifel Nicolaus restated a “hold” rating and issued a $32.00 target price on shares of Teradata Corporation in a research note on Monday, July 10th. UBS AG restated a “sell” rating and issued a $22.00 target price (down from $24.00) on shares of Teradata Corporation in a research note on Friday, June 16th. BMO Capital Markets lifted their target price on Teradata Corporation from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Finally, Sanford C. Bernstein initiated coverage on Teradata Corporation in a research note on Wednesday, May 24th. They issued an “underperform” rating and a $25.00 target price for the company. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $28.75.

Shares of Teradata Corporation (NYSE:TDC) opened at 32.63 on Monday. The company has a market cap of $4.11 billion, a PE ratio of 42.54 and a beta of 1.25. The stock’s 50 day moving average price is $31.33 and its 200-day moving average price is $30.09. Teradata Corporation has a 12-month low of $26.27 and a 12-month high of $33.32.

Teradata Corporation (NYSE:TDC) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.22 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. The firm had revenue of $513.00 million for the quarter, compared to analysts’ expectations of $519.79 million. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, equities research analysts forecast that Teradata Corporation will post $1.25 earnings per share for the current year.

Teradata Corporation 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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Institutional Ownership by Quarter for Teradata Corporation (NYSE:TDC)

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