Royce & Associates LP increased its holdings in shares of Teradata Corporation (NYSE:TDC – Free Report) by 48.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,865 shares of the technology company’s stock after purchasing an additional 15,621 shares during the quarter. Royce & Associates LP owned 0.05% of Teradata worth $1,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC lifted its holdings in shares of Teradata by 1,162.8% during the fourth quarter. Sound Income Strategies LLC now owns 985 shares of the technology company’s stock valued at $29,000 after purchasing an additional 907 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in Teradata in the third quarter valued at about $37,000. Caitlin John LLC bought a new position in Teradata in the third quarter valued at about $52,000. Cornerstone Planning Group LLC bought a new position in Teradata in the third quarter valued at about $59,000. Finally, Rothschild Investment LLC lifted its holdings in Teradata by 15,525.0% in the third quarter. Rothschild Investment LLC now owns 3,125 shares of the technology company’s stock valued at $67,000 after acquiring an additional 3,105 shares during the period. 90.31% of the stock is owned by institutional investors.
Teradata Stock Performance
Shares of TDC opened at $34.06 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. The business has a 50-day simple moving average of $28.48 and a two-hundred day simple moving average of $29.22. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 2.55 and a beta of 0.51. Teradata Corporation has a 52 week low of $19.83 and a 52 week high of $41.78.
Insider Activity
In related news, CEO Stephen Mcmillan sold 20,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $31.71, for a total transaction of $634,200.00. Following the completion of the sale, the chief executive officer owned 762,446 shares in the company, valued at approximately $24,177,162.66. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Richard J. Petley sold 34,317 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $30.84, for a total value of $1,058,336.28. Following the sale, the executive owned 207,627 shares of the company’s stock, valued at $6,403,216.68. This represents a 14.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.96% of the company’s stock.
Analyst Ratings Changes
TDC has been the topic of a number of recent research reports. Zacks Research downgraded Teradata from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Citigroup reissued a “market outperform” rating on shares of Teradata in a report on Friday, May 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Teradata in a report on Friday, March 27th. Wall Street Zen downgraded Teradata from a “strong-buy” rating to a “buy” rating in a report on Monday, May 25th. Finally, Royal Bank Of Canada increased their target price on Teradata from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.67.
Read Our Latest Research Report on Teradata
Teradata Profile
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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