Insider Selling: Teradata (NYSE:TDC) CEO Sells $325,100.00 in Stock

Teradata Corporation (NYSE:TDC) CEO Stephen Mcmillan sold 10,000 shares of Teradata stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $32.51, for a total transaction of $325,100.00. Following the sale, the chief executive officer owned 742,446 shares of the company’s stock, valued at approximately $24,136,919.46. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stephen Mcmillan also recently made the following trade(s):

• On Tuesday, September 15th, Stephen Mcmillan sold 10,000 shares of Teradata stock. The shares were sold at an average price of $30.02, for a total transaction of $300,200.00.

Teradata Stock Up 2.7%

TDC stock opened at $34.17 on Friday. The company has a market capitalization of $3.12 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 2.09 and a beta of 0.61. Teradata Corporation has a 12 month low of $23.86 and a 12 month high of $41.78. The firm’s fifty day simple moving average is $30.93 and its 200-day simple moving average is $30.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.94 and a quick ratio of 0.92.

Teradata (NYSE:TDC) last issued its earnings results on Thursday, November 5th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.12. The firm had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $395.66 million. Teradata had a net margin of 27.24% and a return on equity of 35.61%. The firm’s revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 earnings per share. As a group, equities research analysts forecast that Teradata Corporation will post 1.85 earnings per share for the current year.

Analyst Ratings Changes

TDC has been the subject of a number of recent research reports. Barclays lifted their price objective on Teradata from $27.00 to $28.00 and gave the company an “underweight” rating in a research note on Friday, November 6th. Weiss Ratings raised Teradata from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $34.00 target price on shares of Teradata in a report on Thursday, July 16th. Wall Street Zen upgraded Teradata from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Finally, Citigroup boosted their price target on Teradata from $36.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 30th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Teradata has an average rating of “Hold” and a consensus target price of $36.12.

Institutional Trading of Teradata

A number of hedge funds have recently added to or reduced their stakes in TDC. Pension & Wealth Management Advisors Inc. acquired a new stake in Teradata during the third quarter valued at $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in Teradata in the second quarter valued at $30,000. Financial Management Professionals Inc. purchased a new position in Teradata in the second quarter valued at $36,000. Elevation Wealth Partners LLC raised its position in shares of Teradata by 587.2% in the second quarter. Elevation Wealth Partners LLC now owns 1,182 shares of the technology company’s stock worth $41,000 after acquiring an additional 1,010 shares during the period. Finally, Nykredit A S acquired a new position in shares of Teradata in the second quarter worth about $44,000. 90.31% of the stock is owned by hedge funds and other institutional investors.

About Teradata

Teradata provides cloud analytics and data platform services for organizations that manage large, complex data environments. Its offerings support the collection, integration, storage and analysis of data to help customers generate insights and build data-driven applications. The company’s portfolio includes Teradata VantageCloud, which supports cloud and hybrid deployments, and ClearScape Analytics, a set of tools for applying advanced analytics and artificial intelligence to data. Teradata also offers consulting, implementation and support services to help customers design and manage their data environments.