Wells Fargo & Company MN decreased its position in shares of Teradata Co. (NYSE:TDC) by 49.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 322,146 shares of the technology company’s stock after selling 310,099 shares during the period. Wells Fargo & Company MN’s holdings in Teradata were worth $11,549,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of TDC. First Trust Advisors LP increased its position in Teradata by 35.0% in the first quarter. First Trust Advisors LP now owns 2,912,423 shares of the technology company’s stock worth $127,127,000 after purchasing an additional 754,396 shares during the period. AJO LP raised its holdings in Teradata by 0.3% during the first quarter. AJO LP now owns 1,705,612 shares of the technology company’s stock worth $74,450,000 after acquiring an additional 5,832 shares in the last quarter. Ardevora Asset Management LLP raised its stake in shares of Teradata by 53.0% during the 2nd quarter. Ardevora Asset Management LLP now owns 1,161,441 shares of the technology company’s stock worth $41,638,000 after purchasing an additional 402,500 shares in the last quarter. Geode Capital Management LLC lifted its stake in Teradata by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,118,979 shares of the technology company’s stock valued at $42,924,000 after purchasing an additional 35,693 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in Teradata by 1,439.4% during the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,061,684 shares of the technology company’s stock valued at $46,342,000 after purchasing an additional 992,716 shares during the last quarter. 98.66% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Teradata from a “hold” rating to a “buy” rating in a research report on Tuesday. Morgan Stanley upped their price target on shares of Teradata from $57.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Zacks Investment Research downgraded Teradata from a “hold” rating to a “sell” rating and set a $29.00 price target on the stock. in a research note on Monday, May 27th. Finally, Royal Bank of Canada dropped their price target on shares of Teradata to $40.00 and set a “market perform” rating on the stock in a research report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $42.29.
Teradata (NYSE:TDC) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.12. The company had revenue of $478.00 million for the quarter, compared to analysts’ expectations of $485.17 million. Teradata had a net margin of 1.07% and a return on equity of 23.03%. Teradata’s revenue was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS. As a group, equities analysts expect that Teradata Co. will post 0.94 EPS for the current fiscal year.
Teradata announced that its board has initiated a stock buyback plan on Thursday, August 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to buy up to 11.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
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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