UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Teradata Corporation (NYSE:TDC – Free Report) by 9.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 663,517 shares of the technology company’s stock after selling 66,958 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Teradata were worth $22,991,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of Teradata during the second quarter valued at about $30,000. Financial Management Professionals Inc. bought a new stake in Teradata in the 2nd quarter worth about $36,000. Elevation Wealth Partners LLC increased its stake in Teradata by 587.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,182 shares of the technology company’s stock valued at $41,000 after buying an additional 1,010 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in Teradata by 25,800.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,813 shares of the technology company’s stock valued at $46,000 after buying an additional 1,806 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Teradata during the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.
Teradata Price Performance
Teradata stock opened at $28.07 on Friday. The business’s 50 day simple moving average is $30.16 and its 200 day simple moving average is $29.85. Teradata Corporation has a 12 month low of $20.33 and a 12 month high of $41.78. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 2.14 and a beta of 0.58. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08.
Insider Buying and Selling at Teradata
In related news, Director Timothy Chou sold 5,657 shares of Teradata stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $33.72, for a total value of $190,754.04. Following the completion of the transaction, the director directly owned 39,210 shares in the company, valued at approximately $1,322,161.20. The trade was a 12.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.96% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on TDC shares. Morgan Stanley restated an “equal weight” rating and issued a $29.00 target price (down from $35.00) on shares of Teradata in a research note on Monday, August 10th. Wall Street Zen lowered Teradata from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings restated a “hold (c)” rating on shares of Teradata in a research note on Wednesday, June 24th. Citizens Jmp reaffirmed a “market outperform” rating and set a $49.00 target price on shares of Teradata in a research report on Wednesday, June 10th. Finally, UBS Group lifted their target price on Teradata from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.78.
Check Out Our Latest Stock Report on Teradata
About Teradata
Teradata Corporation is a global provider of enterprise analytics and data management solutions designed to help organizations unlock value from their data assets. The company offers both cloud-based and on-premises platforms that support data warehousing, big data analytics, and machine learning. Through its flagship analytics ecosystem, Teradata enables businesses to integrate, analyze, and manage large volumes of structured and unstructured data at scale.
Central to Teradata’s product suite is the Teradata Vantage analytics platform, which unifies diverse data types across multiple environments—including public and private clouds—into a single, coherent architecture.
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