Rice Hall James & Associates LLC cut its position in Teradata Co. (NYSE:TDC) by 8.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 373,980 shares of the technology company’s stock after selling 34,405 shares during the quarter. Rice Hall James & Associates LLC owned about 0.32% of Teradata worth $13,407,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Macquarie Group Ltd. bought a new stake in shares of Teradata in the fourth quarter valued at $32,000. Tortoise Index Solutions LLC purchased a new position in shares of Teradata in the first quarter valued at $36,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Teradata in the first quarter valued at $44,000. Advisory Services Network LLC grew its position in Teradata by 25.4% during the second quarter. Advisory Services Network LLC now owns 1,347 shares of the technology company’s stock worth $48,000 after buying an additional 273 shares in the last quarter. Finally, Penserra Capital Management LLC grew its position in Teradata by 71.6% during the first quarter. Penserra Capital Management LLC now owns 2,085 shares of the technology company’s stock worth $91,000 after buying an additional 870 shares in the last quarter. Hedge funds and other institutional investors own 94.91% of the company’s stock.
Shares of TDC traded down $0.08 during midday trading on Thursday, reaching $32.61. The stock had a trading volume of 9,613 shares, compared to its average volume of 1,230,216. The business has a 50-day moving average price of $35.70. Teradata Co. has a 12-month low of $31.87 and a 12-month high of $49.42. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $3.84 billion, a P/E ratio of 37.06, a price-to-earnings-growth ratio of 1.83 and a beta of 1.19.
Teradata announced that its board has authorized a share repurchase plan on Thursday, August 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 11.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
Several research firms recently commented on TDC. Royal Bank of Canada reduced their target price on Teradata to $40.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. ValuEngine cut Teradata from a “buy” rating to a “hold” rating in a research report on Sunday, August 4th. TheStreet cut Teradata from a “b-” rating to a “c” rating in a research report on Friday, May 3rd. Barclays restated a “sell” rating and set a $33.00 target price on shares of Teradata in a research report on Sunday, May 5th. Finally, Morgan Stanley boosted their target price on Teradata from $57.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $42.29.
Teradata Company 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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