Rice Hall James & Associates LLC Cuts Holdings in Teradata Co. (NYSE:TDC)

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Rice Hall James & Associates LLC trimmed its holdings in shares of Teradata Co. (NYSE:TDC) by 8.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 373,980 shares of the technology company’s stock after selling 34,405 shares during the period. Rice Hall James & Associates LLC’s holdings in Teradata were worth $13,407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Tortoise Index Solutions LLC bought a new position in shares of Teradata during the 1st quarter valued at $36,000. Macquarie Group Ltd. bought a new position in Teradata in the 4th quarter worth $32,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Teradata in the 1st quarter worth $44,000. Advisory Services Network LLC raised its holdings in Teradata by 25.4% in the 2nd quarter. Advisory Services Network LLC now owns 1,347 shares of the technology company’s stock worth $48,000 after purchasing an additional 273 shares during the period. Finally, Penserra Capital Management LLC raised its holdings in Teradata by 71.6% in the 1st quarter. Penserra Capital Management LLC now owns 2,085 shares of the technology company’s stock worth $91,000 after purchasing an additional 870 shares during the period. Institutional investors and hedge funds own 94.91% of the company’s stock.

Teradata stock traded down $0.08 during trading on Thursday, reaching $32.61. The company had a trading volume of 9,613 shares, compared to its average volume of 1,230,216. Teradata Co. has a 52 week low of $31.87 and a 52 week high of $49.42. The business’s 50-day moving average is $35.70. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 1.83 and a beta of 1.19. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.31 and a quick ratio of 1.26.

Teradata (NYSE:TDC) last announced its earnings results on Thursday, August 1st. The technology company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.12. The company had revenue of $478.00 million for the quarter, compared to analysts’ expectations of $485.17 million. Teradata had a return on equity of 23.03% and a net margin of 1.07%. Teradata’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. On average, sell-side analysts forecast that Teradata Co. will post 0.94 EPS for the current year.

Teradata announced that its board has approved a share buyback plan on Thursday, August 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 11.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

A number of equities analysts recently commented on the company. Royal Bank of Canada decreased their target price on Teradata to $40.00 and set a “market perform” rating on the stock in a report on Friday, August 2nd. Morgan Stanley raised their target price on Teradata from $57.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. TheStreet cut Teradata from a “b-” rating to a “c” rating in a report on Friday, May 3rd. Barclays reaffirmed a “sell” rating and issued a $33.00 target price on shares of Teradata in a report on Sunday, May 5th. Finally, ValuEngine cut Teradata from a “buy” rating to a “hold” rating in a report on Sunday, August 4th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $42.29.

Teradata Profile

Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.

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Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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