Fairpointe Capital LLC increased its stake in shares of Teradata Corporation (NYSE:TDC) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,781,875 shares of the technology company’s stock after purchasing an additional 25,599 shares during the quarter. Teradata Corporation makes up approximately 3.4% of Fairpointe Capital LLC’s holdings, making the stock its 6th largest holding. Fairpointe Capital LLC owned 4.59% of Teradata Corporation worth $170,508,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc increased its position in Teradata Corporation by 19.7% during the 2nd quarter. Legal & General Group Plc now owns 163,021 shares of the technology company’s stock worth $4,809,000 after purchasing an additional 26,822 shares in the last quarter. Jensen Investment Management Inc. increased its position in Teradata Corporation by 24.2% during the 2nd quarter. Jensen Investment Management Inc. now owns 20,420 shares of the technology company’s stock worth $602,000 after purchasing an additional 3,980 shares in the last quarter. Burney Co. increased its position in Teradata Corporation by 8.8% during the 2nd quarter. Burney Co. now owns 53,695 shares of the technology company’s stock worth $1,603,000 after purchasing an additional 4,334 shares in the last quarter. Riverhead Capital Management LLC increased its position in Teradata Corporation by 87.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 81,878 shares of the technology company’s stock worth $2,415,000 after purchasing an additional 38,156 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Teradata Corporation by 26.6% during the 1st quarter. Bank of America Corp DE now owns 866,272 shares of the technology company’s stock worth $26,959,000 after purchasing an additional 181,867 shares in the last quarter.
In other Teradata Corporation news, insider Victor L. Lund acquired 31,270 shares of Teradata Corporation stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of $31.95 per share, with a total value of $999,076.50. Following the purchase, the insider now owns 111,447 shares in the company, valued at $3,560,731.65. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $1,498,078.95. Following the completion of the sale, the chief financial officer now directly owns 143,689 shares of the company’s stock, valued at $4,573,620.87. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by corporate insiders.
A number of analysts recently commented on the company. UBS AG reiterated a “sell” rating and set a $22.00 price objective (down previously from $24.00) on shares of Teradata Corporation in a research report on Friday, June 16th. BidaskClub cut Teradata Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Stifel Nicolaus reiterated a “hold” rating and set a $32.00 price objective on shares of Teradata Corporation in a research report on Monday, August 14th. BMO Capital Markets reiterated a “hold” rating and set a $30.00 price objective on shares of Teradata Corporation in a research report on Sunday, July 16th. Finally, Needham & Company LLC began coverage on Teradata Corporation in a report on Monday, September 11th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $28.75.
Shares of Teradata Corporation (TDC) traded down 0.36% during mid-day trading on Monday, hitting $33.30. The stock had a trading volume of 157,504 shares. Teradata Corporation has a one year low of $26.27 and a one year high of $34.30. The company has a 50-day moving average of $32.16 and a 200 day moving average of $30.33. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 43.42 and a beta of 1.26.
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, hitting the consensus estimate of $0.22. The firm had revenue of $513.00 million during the quarter, compared to the consensus estimate of $519.79 million. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The business’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. On average, equities research analysts forecast that Teradata Corporation will post $1.25 earnings per share for the current year.
About Teradata Corporation
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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