Wedge Capital Management L L P NC Raises Position in Teradata Co. (TDC)

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Wedge Capital Management L L P NC increased its position in Teradata Co. (NYSE:TDC) by 13.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,591 shares of the technology company’s stock after buying an additional 1,878 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Teradata were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in shares of Teradata in the third quarter valued at $254,000. Ardevora Asset Management LLP increased its stake in shares of Teradata by 8.1% in the third quarter. Ardevora Asset Management LLP now owns 947,141 shares of the technology company’s stock valued at $35,717,000 after buying an additional 71,300 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Teradata by 11.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 77,690 shares of the technology company’s stock valued at $2,930,000 after buying an additional 7,862 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Teradata by 641.3% in the third quarter. Russell Investments Group Ltd. now owns 132,684 shares of the technology company’s stock valued at $5,003,000 after buying an additional 114,784 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in shares of Teradata by 19.6% in the third quarter. Rice Hall James & Associates LLC now owns 72,436 shares of the technology company’s stock valued at $2,732,000 after buying an additional 11,876 shares in the last quarter. 99.41% of the stock is owned by hedge funds and other institutional investors.

Teradata stock opened at $37.66 on Friday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 41.85, a PEG ratio of 4.44 and a beta of 1.16. Teradata Co. has a 12-month low of $33.63 and a 12-month high of $44.27. The company has a current ratio of 1.77, a quick ratio of 1.71 and a debt-to-equity ratio of 0.86.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Thursday, November 1st. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The business had revenue of $526.00 million for the quarter, compared to analysts’ expectations of $534.95 million. Teradata had a positive return on equity of 18.61% and a negative net margin of 2.68%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. As a group, equities analysts predict that Teradata Co. will post 0.83 earnings per share for the current fiscal year.

In related news, CFO Mark Culhane bought 6,900 shares of Teradata stock in a transaction on Monday, November 5th. The shares were purchased at an average price of $35.11 per share, for a total transaction of $242,259.00. Following the completion of the acquisition, the chief financial officer now owns 36,824 shares in the company, valued at $1,292,890.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel L. Harrington sold 13,000 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $40.35, for a total value of $524,550.00. Following the transaction, the executive vice president now owns 92,995 shares in the company, valued at approximately $3,752,348.25. The disclosure for this sale can be found here. 1.22% of the stock is owned by company insiders.

Several equities analysts recently issued reports on the company. Standpoint Research cut Teradata from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a report on Tuesday, July 24th. Zacks Investment Research cut Teradata from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Stifel Nicolaus raised their price target on Teradata from $49.00 to $53.00 and gave the company a “buy” rating in a report on Friday, August 3rd. Finally, Barclays raised their price target on Teradata from $31.00 to $34.00 and gave the company an “underweight” rating in a report on Friday, September 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.20.

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Teradata Company Profile

Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.

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Want to see what other hedge funds are holding TDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradata Co. (NYSE:TDC).

Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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