UBS Asset Management Americas Inc. Sells 474,180 Shares of Teradata Corp. (TDC)
UBS Asset Management Americas Inc. reduced its stake in Teradata Corp. (NYSE:TDC) by 77.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,743 shares of the company’s stock after selling 474,180 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.11% of Teradata Corp. worth $3,553,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new stake in Teradata Corp. during the second quarter valued at approximately $104,000. Assetmark Inc. raised its position in shares of Teradata Corp. by 4,059.4% in the second quarter. Assetmark Inc. now owns 4,201 shares of the company’s stock worth $105,000 after buying an additional 4,100 shares during the period. NN Investment Partners Holdings N.V. acquired a new position in shares of Teradata Corp. during the first quarter worth about $136,000. Creative Planning raised its position in shares of Teradata Corp. by 1.4% in the second quarter. Creative Planning now owns 5,965 shares of the company’s stock worth $150,000 after buying an additional 82 shares during the period. Finally, ING Groep NV acquired a new position in shares of Teradata Corp. during the first quarter worth about $201,000. Institutional investors and hedge funds own 99.45% of the company’s stock.
Shares of Teradata Corp. (NYSE:TDC) traded down 6.26% during mid-day trading on Monday, hitting $29.06. The company had a trading volume of 1,505,363 shares. Teradata Corp. has a 12 month low of $21.98 and a 12 month high of $33.09. The firm has a 50-day moving average of $31.01 and a 200-day moving average of $28.00. The company has a market cap of $3.79 billion, a PE ratio of 82.09 and a beta of 1.33.
Teradata Corp. (NYSE:TDC) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.11. Teradata Corp. had a return on equity of 32.66% and a net margin of 5.55%. The firm had revenue of $599 million for the quarter, compared to analyst estimates of $560.67 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. Teradata Corp.’s quarterly revenue was down 3.9% on a year-over-year basis. On average, analysts expect that Teradata Corp. will post $2.44 EPS for the current year.
A number of research analysts have recently issued reports on TDC shares. Zacks Investment Research upgraded Teradata Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. TheStreet upgraded Teradata Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Deutsche Bank AG increased their target price on Teradata Corp. from $26.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Summit Redstone reiterated a “hold” rating on shares of Teradata Corp. in a research report on Tuesday, July 12th. Finally, Cowen and Company started coverage on Teradata Corp. in a research report on Thursday, June 23rd. They set a “market perform” rating and a $30.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $26.50.
In other Teradata Corp. news, EVP Oliver Ratzesberger sold 2,015 shares of the business’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $31.62, for a total transaction of $63,714.30. Following the sale, the executive vice president now directly owns 37,468 shares in the company, valued at $1,184,738.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nancy E. Cooper sold 1,840 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $31.06, for a total value of $57,150.40. Following the sale, the director now 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.
About Teradata Corp.
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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