Total Clarity Wealth Management Inc. Sells 536 Shares of Teradata Co. (NYSE:TDC)

Total Clarity Wealth Management Inc. trimmed its stake in shares of Teradata Co. (NYSE:TDC) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,660 shares of the technology company’s stock after selling 536 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Teradata were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TDC. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Teradata by 3.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,169 shares of the technology company’s stock worth $399,000 after purchasing an additional 305 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Teradata by 3.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,716 shares of the technology company’s stock worth $370,000 after buying an additional 351 shares during the period. Arizona State Retirement System lifted its holdings in Teradata by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 27,268 shares of the technology company’s stock worth $942,000 after buying an additional 390 shares during the period. Neuberger Berman Group LLC grew its position in shares of Teradata by 6.2% in the 4th quarter. Neuberger Berman Group LLC now owns 7,492 shares of the technology company’s stock valued at $326,000 after buying an additional 438 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its stake in shares of Teradata by 111.4% in the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after buying an additional 507 shares during the period. Institutional investors own 90.31% of the company’s stock.

Teradata Stock Performance

Shares of Teradata stock opened at $28.81 on Tuesday. The business has a 50-day simple moving average of $29.44 and a 200 day simple moving average of $33.42. Teradata Co. has a one year low of $24.02 and a one year high of $49.44. The company has a debt-to-equity ratio of 6.87, a current ratio of 0.75 and a quick ratio of 0.72. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 68.60, a PEG ratio of 2.58 and a beta of 0.80.

Teradata (NYSE:TDC) last issued its earnings results on Monday, August 5th. The technology company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The company had revenue of $436.00 million for the quarter, compared to analyst estimates of $447.30 million. During the same period in the prior year, the firm earned $0.20 earnings per share. Teradata’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, research analysts anticipate that Teradata Co. will post 1.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

TDC has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their price objective on Teradata from $40.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 6th. StockNews.com raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Northland Securities decreased their price objective on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Barclays dropped their target price on shares of Teradata from $35.00 to $30.00 and set an “underweight” rating on the stock in a report on Tuesday, August 6th. Finally, TD Cowen decreased their price target on Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Teradata currently has a consensus rating of “Hold” and an average target price of $40.36.

Insiders Place Their Bets

In other news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the transaction, the insider now directly owns 121,382 shares in the company, valued at $3,341,646.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the transaction, the insider now owns 96,783 shares of the company’s stock, valued at $2,758,315.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the transaction, the insider now directly owns 121,382 shares in the company, valued at approximately $3,341,646.46. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

About Teradata

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.