AMG Funds LLC reduced its holdings in shares of Teradata Corporation (NYSE:TDC) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,774 shares of the technology company’s stock after selling 1,505 shares during the period. Teradata Corporation accounts for approximately 1.2% of AMG Funds LLC’s investment portfolio, making the stock its 17th biggest holding. AMG Funds LLC owned approximately 0.06% of Teradata Corporation worth $2,264,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. ProShare Advisors LLC grew its stake in shares of Teradata Corporation by 0.8% in the 1st quarter. ProShare Advisors LLC now owns 29,619 shares of the technology company’s stock valued at $922,000 after buying an additional 237 shares during the period. Janney Montgomery Scott LLC boosted its stake in Teradata Corporation by 26.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,821 shares of the technology company’s stock valued at $461,000 after purchasing an additional 3,116 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Teradata Corporation by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 34,190 shares of the technology company’s stock valued at $1,064,000 after purchasing an additional 86 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Teradata Corporation during the 1st quarter valued at about $201,000. Finally, American Century Companies Inc. boosted its stake in Teradata Corporation by 363.8% during the 1st quarter. American Century Companies Inc. now owns 1,151,131 shares of the technology company’s stock valued at $35,823,000 after purchasing an additional 902,948 shares during the last quarter. Hedge funds and other institutional investors own 99.94% of the company’s stock.
In related news, insider Victor L. Lund bought 31,270 shares of the stock in a transaction on Monday, July 31st. The stock was bought at an average price of $31.95 per share, with a total value of $999,076.50. Following the completion of the purchase, the insider now directly owns 111,447 shares in the company, valued at approximately $3,560,731.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $31.83, for a total transaction of $1,498,078.95. Following the transaction, the chief financial officer now directly owns 143,689 shares of the company’s stock, valued at approximately $4,573,620.87. The disclosure for this sale can be found here. Corporate insiders own 1.73% of the company’s stock.
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Teradata Corporation (NYSE TDC) traded up 1.170% on Friday, hitting $32.435. 532,940 shares of the stock were exchanged. Teradata Corporation has a 12 month low of $26.27 and a 12 month high of $33.32. The firm has a market cap of $4.09 billion, a P/E ratio of 42.288 and a beta of 1.25. The company has a 50-day moving average of $31.31 and a 200 day moving average of $30.08.
Teradata Corporation (NYSE:TDC) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.22. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The firm had revenue of $513.00 million during the quarter, compared to analyst estimates of $519.79 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Teradata Corporation’s quarterly revenue was down 14.4% on a year-over-year basis. Equities research analysts expect that Teradata Corporation will post $1.25 earnings per share for the current fiscal year.
Several research firms have commented on TDC. BidaskClub cut shares of Teradata Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Stifel Nicolaus reissued a “hold” rating and set a $32.00 target price on shares of Teradata Corporation in a research report on Monday, July 10th. UBS AG reissued a “sell” rating and set a $22.00 target price (down previously from $24.00) on shares of Teradata Corporation in a research report on Friday, June 16th. BMO Capital Markets lifted their target price on shares of Teradata Corporation from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Finally, Sanford C. Bernstein assumed coverage on shares of Teradata Corporation in a report on Wednesday, May 24th. They issued an “underperform” rating and a $25.00 price target on the stock. Five analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. Teradata Corporation presently has an average rating of “Hold” and a consensus price target of $28.75.
Teradata Corporation Company Profile
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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