Teradata Co. (TDC) Stake Lowered by State Treasurer State of Michigan

State Treasurer State of Michigan trimmed its position in shares of Teradata Co. (NYSE:TDC) by 0.7% in the 1st quarter, Holdings Channel reports. The fund owned 41,800 shares of the technology company’s stock after selling 300 shares during the quarter. State Treasurer State of Michigan’s holdings in Teradata were worth $1,825,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in shares of Teradata by 3,695.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,813,738 shares of the technology company’s stock valued at $47,000 after buying an additional 1,765,956 shares during the period. Norges Bank purchased a new position in shares of Teradata during the fourth quarter valued at about $59,216,000. Victory Capital Management Inc. purchased a new position in shares of Teradata during the fourth quarter valued at about $27,431,000. BlackRock Inc. increased its position in shares of Teradata by 4.2% during the fourth quarter. BlackRock Inc. now owns 11,627,639 shares of the technology company’s stock valued at $446,037,000 after buying an additional 473,405 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in shares of Teradata by 13.2% during the third quarter. TIAA CREF Investment Management LLC now owns 3,353,582 shares of the technology company’s stock valued at $126,464,000 after buying an additional 392,272 shares during the period. 97.08% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the stock. TheStreet cut shares of Teradata from a “b-” rating to a “c” rating in a research report on Friday, May 3rd. Barclays reiterated a “sell” rating and set a $33.00 price target on shares of Teradata in a research report on Sunday, May 5th. Zacks Investment Research cut shares of Teradata from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. BMO Capital Markets reiterated a “market perform” rating and set a $45.00 price target (up previously from $40.00) on shares of Teradata in a research report on Friday, February 8th. Finally, Cowen boosted their price target on shares of Teradata from $51.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 11th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $48.13.

In other Teradata news, CFO Mark Culhane acquired 1,400 shares of the business’s stock in a transaction on Monday, May 6th. The shares were acquired at an average price of $39.35 per share, for a total transaction of $55,090.00. Following the completion of the acquisition, the chief financial officer now owns 57,485 shares in the company, valued at $2,262,034.75. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lisa R. Bacus sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $48.04, for a total transaction of $576,480.00. Following the completion of the transaction, the director now owns 22,486 shares in the company, valued at approximately $1,080,227.44. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.

TDC traded up $0.38 during midday trading on Tuesday, reaching $35.79. The company’s stock had a trading volume of 8,844 shares, compared to its average volume of 1,196,389. The stock has a market cap of $4.17 billion, a PE ratio of 40.69, a price-to-earnings-growth ratio of 2.82 and a beta of 0.97. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.37 and a current ratio of 1.42. Teradata Co. has a 1 year low of $34.06 and a 1 year high of $49.42.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The business had revenue of $468.00 million for the quarter, compared to analysts’ expectations of $487.57 million. Teradata had a net margin of 1.27% and a return on equity of 20.91%. The business’s revenue was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share. Equities research analysts predict that Teradata Co. will post 0.99 EPS for the current year.

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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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