Great West Life Assurance Co. Can decreased its position in Teradata Co. (NYSE:TDC) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,658 shares of the technology company’s stock after selling 2,127 shares during the period. Great West Life Assurance Co. Can owned 0.06% of Teradata worth $2,797,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in Teradata by 81.5% in the first quarter. IFP Advisors Inc now owns 3,101 shares of the technology company’s stock valued at $123,000 after acquiring an additional 1,392 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Teradata by 64.9% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,714 shares of the technology company’s stock valued at $148,000 after acquiring an additional 1,462 shares during the last quarter. Everett Harris & Co. CA bought a new position in Teradata in the second quarter valued at about $201,000. Clinton Group Inc. bought a new position in Teradata in the first quarter valued at about $239,000. Finally, Cubist Systematic Strategies LLC bought a new position in Teradata in the first quarter valued at about $251,000. Institutional investors and hedge funds own 99.38% of the company’s stock.
In other Teradata news, EVP Daniel L. Harrington sold 13,000 shares of the stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $40.35, for a total value of $524,550.00. Following the transaction, the executive vice president now owns 92,995 shares of the company’s stock, valued at $3,752,348.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.22% of the company’s stock.
Teradata (NYSE:TDC) last released its earnings results on Thursday, August 2nd. The technology company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.07. Teradata had a positive return on equity of 16.91% and a negative net margin of 2.91%. The firm had revenue of $544.00 million for the quarter, compared to analyst estimates of $524.28 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. research analysts anticipate that Teradata Co. will post 0.78 EPS for the current year.
Several equities analysts recently issued reports on the company. Standpoint Research cut Teradata from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a report on Tuesday, July 24th. Stifel Nicolaus upgraded Teradata from a “hold” rating to a “buy” rating and raised their price target for the company from $45.00 to $49.00 in a report on Thursday, May 31st. Zacks Investment Research cut Teradata from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Citigroup assumed coverage on Teradata in a report on Thursday, June 28th. They issued a “neutral” rating and a $42.00 price target on the stock. Finally, Barclays raised their price target on Teradata from $31.00 to $34.00 and gave the company an “underweight” rating in a report on Friday, September 7th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $39.54.
Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.
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