Eagle Asset Management Inc. increased its holdings in shares of Teradata Co. (NYSE:TDC) by 64.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 403,207 shares of the technology company’s stock after buying an additional 157,890 shares during the period. Eagle Asset Management Inc. owned 0.33% of Teradata worth $15,507,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Oppenheimer & Co. Inc. bought a new stake in Teradata in the fourth quarter valued at approximately $207,000. Price Capital Management Inc. bought a new stake in Teradata in the fourth quarter valued at approximately $242,000. Commerce Bank bought a new stake in Teradata in the third quarter valued at approximately $223,000. PNC Financial Services Group Inc. increased its stake in Teradata by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock valued at $213,000 after purchasing an additional 31 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Teradata by 43.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,439 shares of the technology company’s stock valued at $286,000 after purchasing an additional 2,256 shares in the last quarter. 97.94% of the stock is owned by institutional investors and hedge funds.
Shares of Teradata Co. (NYSE TDC) opened at $36.71 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.72. Teradata Co. has a 12-month low of $27.05 and a 12-month high of $42.74. The stock has a market cap of $4,441.91, a price-to-earnings ratio of 37.08, a PEG ratio of 11.48 and a beta of 1.24.
Teradata announced that its Board of Directors has initiated a stock buyback program on Thursday, February 8th that authorizes the company to buyback $310.00 million in shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
In other news, Director William S. Stavropoulos sold 7,496 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $36.44, for a total transaction of $273,154.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark Culhane acquired 4,500 shares of the stock in a transaction dated Friday, December 1st. The shares were bought at an average cost of $37.66 per share, with a total value of $169,470.00. Following the transaction, the chief financial officer now directly owns 29,924 shares of the company’s stock, valued at $1,126,937.84. The disclosure for this purchase can be found here. 1.73% of the stock is owned by corporate insiders.
Several equities research analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Teradata from $40.00 to $42.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Mizuho reaffirmed a “sell” rating and issued a $32.00 target price on shares of Teradata in a research note on Monday, January 22nd. Morgan Stanley raised shares of Teradata from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $31.00 to $40.00 in a research note on Tuesday, January 23rd. Bank of America lowered their target price on shares of Teradata from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Finally, Summit Redstone raised shares of Teradata from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.82.
Teradata 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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