Teradata Corporation $TDC Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in Teradata Corporation (NYSE:TDC) by 78.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 65,069 shares of the technology company’s stock after acquiring an additional 28,564 shares during the period. Ritholtz Wealth Management owned 0.07% of Teradata worth $1,877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Keybank National Association OH purchased a new position in shares of Teradata in the third quarter worth about $265,000. Fulcrum Asset Management LLP raised its position in shares of Teradata by 8,577.3% in the third quarter. Fulcrum Asset Management LLP now owns 43,560 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 43,058 shares during the period. Kestra Advisory Services LLC raised its position in shares of Teradata by 194.0% in the third quarter. Kestra Advisory Services LLC now owns 18,519 shares of the technology company’s stock valued at $534,000 after purchasing an additional 12,220 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Teradata by 39.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,844 shares of the technology company’s stock valued at $284,000 after buying an additional 2,810 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Teradata during the 3rd quarter valued at approximately $1,087,000. 90.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on TDC. Weiss Ratings raised shares of Teradata from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, November 9th. UBS Group reduced their price objective on shares of Teradata from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, September 21st. Barclays boosted their target price on shares of Teradata from $27.00 to $28.00 and gave the company an “underweight” rating in a report on Friday, November 6th. Morgan Stanley downgraded Teradata from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $35.00 to $29.00 in a research report on Monday, August 10th. Finally, Citigroup raised their price target on Teradata from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $36.12.

Insider Activity at Teradata

In related news, COO Michael Hutchinson sold 48,077 shares of the company’s stock in a transaction that occurred on 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 sale, the chief operating officer owned 171,927 shares of the company’s stock, valued at approximately $5,157,810. This represents a 21.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Mcmillan sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $32.51, for a total transaction of $325,100.00. Following the sale, the chief executive officer directly owned 742,446 shares in the company, valued at $24,136,919.46. This trade represents a 1.33% 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. In the last ninety days, insiders have sold 68,077 shares of company stock valued at $2,067,610. 0.96% of the stock is owned by corporate insiders.

Teradata Price Performance

TDC stock traded up $0.59 during mid-day trading on Friday, reaching $34.77. 3,856,848 shares of the company traded hands, compared to its average volume of 2,062,142. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.94 and a quick ratio of 0.92. The company has a market capitalization of $3.18 billion, a P/E ratio of 7.35, a P/E/G ratio of 2.14 and a beta of 0.61. Teradata Corporation has a 52-week low of $23.86 and a 52-week high of $41.78. The company has a fifty day moving average price of $31.05 and a 200-day moving average price of $30.10.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Thursday, November 5th. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.12. Teradata had a return on equity of 35.61% and a net margin of 27.24%. The firm had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $395.66 million. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s revenue was down 4.1% on a year-over-year basis. As a group, analysts anticipate that Teradata Corporation will post 1.85 earnings per share for the current year.

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.