Grimes & Company Inc. Buys 22,202 Shares of Teradata Corp. (TDC)
Grimes & Company Inc. raised its stake in shares of Teradata Corp. (NYSE:TDC) by 31.2% during the second quarter, Holdings Channel reports. The institutional investor owned 93,286 shares of the company’s stock after buying an additional 22,202 shares during the period. Grimes & Company Inc.’s holdings in Teradata Corp. were worth $2,339,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. NN Investment Partners Holdings N.V. purchased a new position in Teradata Corp. during the first quarter valued at $136,000. Creative Planning raised its position in Teradata Corp. by 1.4% in the second quarter. Creative Planning now owns 5,965 shares of the company’s stock valued at $150,000 after buying an additional 82 shares during the last quarter. ING Groep NV purchased a new position in Teradata Corp. during the first quarter valued at $201,000. Fox Run Management L.L.C. purchased a new position in Teradata Corp. during the first quarter valued at $283,000. Finally, Simmons Bank purchased a new position in Teradata Corp. during the first quarter valued at $325,000. 99.60% of the stock is owned by institutional investors.
Teradata Corp. (NYSE:TDC) traded down 0.63% on Tuesday, hitting $29.88. 920,380 shares of the company were exchanged. The firm has a 50 day moving average of $31.15 and a 200-day moving average of $27.79. Teradata Corp. has a 52-week low of $21.98 and a 52-week high of $33.09. The stock has a market cap of $3.90 billion, a PE ratio of 84.41 and a beta of 1.16.
Teradata Corp. (NYSE:TDC) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. The firm had revenue of $599 million for the quarter, compared to analysts’ expectations of $560.67 million. Teradata Corp. had a net margin of 5.55% and a return on equity of 32.66%. Teradata Corp.’s revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. On average, equities analysts expect that Teradata Corp. will post $2.44 earnings per share for the current fiscal year.
Several research firms have weighed in on TDC. Credit Agricole SA reiterated an “underperform” rating on shares of Teradata Corp. in a report on Monday, August 15th. Summit Redstone restated a “hold” rating on shares of Teradata Corp. in a report on Tuesday, July 12th. Barclays PLC lowered shares of Teradata Corp. from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $28.00 to $23.00 in a report on Wednesday, June 1st. TheStreet upgraded shares of Teradata Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Finally, Cowen and Company upped their price objective on shares of Teradata Corp. from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd. Five equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. Teradata Corp. presently has an average rating of “Hold” and a consensus price target of $26.50.
In other Teradata Corp. news, EVP Oliver Ratzesberger sold 2,015 shares of Teradata Corp. stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $31.62, for a total transaction of $63,714.30. Following the transaction, the executive vice president now directly owns 37,468 shares of the company’s stock, valued at $1,184,738.16. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Nancy E. Cooper sold 1,840 shares of Teradata Corp. stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $31.06, for a total transaction of $57,150.40. Following the transaction, the director now directly owns 35,157 shares in the company, valued at $1,091,976.42. The disclosure for this sale can be found here. Company insiders own 2.64% of the company’s stock.
Teradata Corp. Company Profile
Teradata Corporation (Teradata) is a provider of analytic data platforms, marketing and analytic applications, and related services. The Company’s analytic data platforms consist of software, hardware and related business consulting and support services for data warehousing, and big data analytics. It operates in two segments: data and analytics, and marketing applications.
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