Teradata Corporation $TDC Stock: Kestra Investment Management LLC Lowers Stake

Kestra Investment Management LLC reduced its stake in Teradata Corporation (NYSE:TDC) by 79.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,965 shares of the technology company’s stock after selling 49,191 shares during the quarter. Kestra Investment Management LLC’s holdings in Teradata were worth $374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDC. BlackRock Inc. bought a new stake in Teradata in the second quarter valued at approximately $567,999,000. Bank of America Corp DE acquired a new position in shares of Teradata in the 2nd quarter worth approximately $44,869,000. Alyeska Investment Group L.P. bought a new stake in shares of Teradata in the 2nd quarter valued at $44,472,000. Quantinno Capital Management LP boosted its stake in shares of Teradata by 1,158.9% in the 1st quarter. Quantinno Capital Management LP now owns 1,294,502 shares of the technology company’s stock valued at $33,178,000 after purchasing an additional 1,191,677 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Teradata in the 2nd quarter valued at $24,728,000. 90.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Teradata

In other news, CEO Stephen Mcmillan sold 10,000 shares of the company’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $32.51, for a total transaction of $325,100.00. Following the transaction, the chief executive officer owned 742,446 shares in the company, valued at approximately $24,136,919.46. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Michael Hutchinson sold 48,077 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $30.00, for a total transaction of $1,442,310.00. Following the transaction, the chief operating officer owned 171,927 shares in the company, valued at $5,157,810. This represents a 21.85% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 68,077 shares of company stock valued at $2,067,610. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Teradata from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. Barclays upped their price target on shares of Teradata from $27.00 to $28.00 and gave the company an “underweight” rating in a research report on Friday, November 6th. UBS Group decreased their price target on Teradata from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, September 21st. Morgan Stanley lowered Teradata from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $35.00 to $29.00 in a research report on Monday, August 10th. Finally, Citigroup boosted their price objective on Teradata from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $36.12.

Teradata Stock Performance

NYSE:TDC opened at $33.22 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.07. Teradata Corporation has a twelve month low of $23.86 and a twelve month high of $41.78. The company has a fifty day moving average of $30.81 and a 200-day moving average of $30.05. The firm has a market capitalization of $3.04 billion, a P/E ratio of 7.02, a P/E/G ratio of 2.06 and a beta of 0.61.

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 business had revenue of $399.00 million for the quarter, compared to analyst estimates of $395.66 million. Teradata had a net margin of 27.24% and a return on equity of 35.61%. Teradata’s revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 earnings per share. As a group, sell-side analysts anticipate that Teradata Corporation will post 1.85 EPS for the current year.

Teradata Company Profile

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.