Columbia Partners L L C Investment Management Raises Holdings in Teradata Corporation (TDC)
Columbia Partners L L C Investment Management grew its holdings in shares of Teradata Corporation (NYSE:TDC) by 3.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,854 shares of the technology company’s stock after purchasing an additional 1,528 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Teradata Corporation were worth $1,234,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of TDC. American Beacon Advisors Inc. bought a new position in Teradata Corporation during the first quarter worth about $111,000. Westpac Banking Corp bought a new position in Teradata Corporation during the first quarter worth about $126,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Teradata Corporation by 9.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,183 shares of the technology company’s stock worth $153,000 after purchasing an additional 469 shares during the period. LS Investment Advisors LLC boosted its position in Teradata Corporation by 19.1% during the first quarter. LS Investment Advisors LLC now owns 5,827 shares of the technology company’s stock worth $181,000 after purchasing an additional 936 shares during the period. Finally, Commerzbank Aktiengesellschaft FI bought a new position in Teradata Corporation during the first quarter worth about $201,000.
Shares of Teradata Corporation (TDC) traded up 0.06% during midday trading on Wednesday, reaching $33.00. 19,013 shares of the company were exchanged. Teradata Corporation has a 12-month low of $26.27 and a 12-month high of $33.36. The stock has a market capitalization of $4.16 billion, a P/E ratio of 43.02 and a beta of 1.25. The company has a 50 day moving average price of $31.41 and a 200-day moving average price of $30.09.
Teradata Corporation (NYSE:TDC) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.22. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The company had revenue of $513.00 million during the quarter, compared to the consensus estimate of $519.79 million. During the same period in the previous year, the company posted $0.71 EPS. The firm’s revenue was down 14.4% on a year-over-year basis. On average, analysts forecast that Teradata Corporation will post $1.25 earnings per share for the current fiscal year.
In related news, CFO Stephen Mark Scheppmann sold 47,065 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 143,689 shares of the company’s stock, valued at approximately $4,573,620.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Victor L. Lund purchased 31,270 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average cost of $31.95 per share, for a total transaction of $999,076.50. Following the completion of the acquisition, the insider now owns 111,447 shares in the company, 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 insiders.
A number of brokerages have recently issued reports on TDC. BidaskClub downgraded shares of Teradata Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Stifel Nicolaus reissued a “hold” rating and issued a $32.00 price target on shares of Teradata Corporation in a report on Monday, July 10th. UBS AG reissued a “sell” rating and issued a $22.00 price target (down from $24.00) on shares of Teradata Corporation in a report on Friday, June 16th. BMO Capital Markets increased their price target on shares of Teradata Corporation from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. Finally, Sanford C. Bernstein began coverage on shares of Teradata Corporation in a report on Wednesday, May 24th. They issued an “underperform” rating and a $25.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Teradata Corporation has a consensus rating of “Hold” and a consensus price target of $28.75.
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About Teradata Corporation
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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