Wedbush Securities Inc. Takes Position in Teradata Co. (NYSE:TDC)

Wedbush Securities Inc. purchased a new stake in shares of Teradata Co. (NYSE:TDC) in the third quarter, HoldingsChannel reports. The institutional investor purchased 4,885 shares of the technology company’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also modified their holdings of TDC. Scout Investments Inc. raised its holdings in shares of Teradata by 132.7% during the 2nd quarter. Scout Investments Inc. now owns 2,988,500 shares of the technology company’s stock valued at $149,335,000 after buying an additional 1,704,106 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Teradata during the 2nd quarter valued at about $25,030,000. American Century Companies Inc. raised its holdings in shares of Teradata by 18.0% during the 2nd quarter. American Century Companies Inc. now owns 2,915,797 shares of the technology company’s stock valued at $145,702,000 after buying an additional 445,722 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Teradata by 13.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 3,142,919 shares of the technology company’s stock valued at $157,052,000 after buying an additional 366,364 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Teradata by 1,396.7% during the 1st quarter. Millennium Management LLC now owns 375,951 shares of the technology company’s stock valued at $14,489,000 after buying an additional 350,833 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

In other Teradata news, insider Margaret A. Treese sold 2,304 shares of the business’s stock in a transaction on Friday, October 15th. The stock was sold at an average price of $57.68, for a total value of $132,894.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Timothy C. K. Chou sold 2,728 shares of the business’s stock in a transaction on Monday, September 27th. The stock was sold at an average price of $55.13, for a total value of $150,394.64. The disclosure for this sale can be found here. Insiders have sold 7,761 shares of company stock worth $444,300 over the last 90 days. 0.92% of the stock is currently owned by corporate insiders.

TDC opened at $45.01 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.10 and a current ratio of 1.11. Teradata Co. has a 52-week low of $21.07 and a 52-week high of $59.58. The stock has a market capitalization of $4.88 billion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. The stock’s 50 day moving average price is $53.52 and its 200-day moving average price is $50.69.

Teradata (NYSE:TDC) last released its quarterly earnings results on Thursday, November 4th. The technology company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.10. Teradata had a return on equity of 39.29% and a net margin of 6.16%. The company had revenue of $460.00 million for the quarter, compared to analyst estimates of $455.45 million. During the same period in the previous year, the company posted $0.24 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. Research analysts forecast that Teradata Co. will post 1.39 EPS for the current fiscal year.

A number of brokerages have commented on TDC. Cowen lifted their price target on Teradata from $43.00 to $50.00 and gave the stock a “market perform” rating in a research note on Friday, September 10th. Zacks Investment Research cut Teradata from a “buy” rating to a “hold” rating and set a $59.00 price target on the stock. in a research note on Tuesday, October 5th. Royal Bank of Canada boosted their target price on Teradata from $50.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, September 10th. Morgan Stanley reissued a “buy” rating on shares of Teradata in a research note on Friday, November 5th. Finally, Craig Hallum reissued a “buy” rating and set a $88.00 target price on shares of Teradata in a research note on Friday, September 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $63.22.

About Teradata

Teradata Corp. is the cloud data analytics company. It is built for a multi-cloud reality and solving the data challenges at scale. The company was founded on July 13, 1979 and is headquartered in San Diego, CA.

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Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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