Teradata Co. (NYSE:TDC) CFO Mark Culhane Acquires 1,950 Shares

Teradata Co. (NYSE:TDC) CFO Mark Culhane purchased 1,950 shares of the stock in a transaction on Monday, November 11th. The stock was acquired at an average cost of $26.00 per share, with a total value of $50,700.00. Following the completion of the purchase, the chief financial officer now directly owns 64,035 shares of the company’s stock, valued at $1,664,910. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NYSE:TDC traded up $1.26 during midday trading on Thursday, hitting $26.49. 143,095 shares of the stock traded hands, compared to its average volume of 1,662,358. The stock has a market capitalization of $3.02 billion, a PE ratio of 30.16, a P/E/G ratio of 5.41 and a beta of 1.19. The business’s 50 day moving average is $29.43 and its two-hundred day moving average is $33.81. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 1.73. Teradata Co. has a one year low of $23.71 and a one year high of $49.42.

Teradata (NYSE:TDC) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.26 by $0.06. The firm had revenue of $459.00 million during the quarter, compared to the consensus estimate of $485.62 million. Teradata had a net margin of 0.70% and a return on equity of 23.17%. The company’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share. As a group, sell-side analysts forecast that Teradata Co. will post 0.43 earnings per share for the current year.

Teradata declared that its Board of Directors has initiated a stock repurchase plan on Thursday, August 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 11.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Several research firms have weighed in on TDC. Cowen downgraded shares of Teradata from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $53.00 to $29.00 in a research note on Friday, November 8th. Royal Bank of Canada lowered their price target on shares of Teradata to $40.00 and set a “market perform” rating for the company in a research note on Friday, August 2nd. Wells Fargo & Co lowered their price target on shares of Teradata from $30.00 to $25.00 and set an “underperform” rating for the company in a research note on Friday, November 8th. ValuEngine downgraded shares of Teradata from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Finally, Stifel Nicolaus downgraded shares of Teradata from a “buy” rating to a “hold” rating and lowered their price target for the stock from $60.00 to $25.00 in a research note on Friday, November 8th. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Teradata presently has an average rating of “Hold” and a consensus price target of $32.64.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Teradata by 6.7% in the second quarter. Vanguard Group Inc. now owns 12,128,559 shares of the technology company’s stock worth $434,809,000 after purchasing an additional 756,478 shares during the period. Nuveen Asset Management LLC purchased a new stake in Teradata in the second quarter worth about $162,351,000. Schroder Investment Management Group grew its holdings in Teradata by 44.3% in the second quarter. Schroder Investment Management Group now owns 1,643,059 shares of the technology company’s stock worth $58,904,000 after purchasing an additional 504,793 shares during the period. Ardevora Asset Management LLP grew its holdings in Teradata by 10.2% in the third quarter. Ardevora Asset Management LLP now owns 1,280,241 shares of the technology company’s stock worth $39,687,000 after purchasing an additional 118,800 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in Teradata by 0.6% in the second quarter. Canada Pension Plan Investment Board now owns 1,087,158 shares of the technology company’s stock worth $38,975,000 after purchasing an additional 6,423 shares during the period. Institutional investors own 99.21% of the company’s stock.

About Teradata

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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