Nordea Investment Management AB Has $5,450,000 Stake in Teradata Corp. (TDC)
Nordea Investment Management AB boosted its stake in shares of Teradata Corp. (NYSE:TDC) by 122.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 217,409 shares of the company’s stock after buying an additional 119,491 shares during the period. Nordea Investment Management AB’s holdings in Teradata Corp. were worth $5,450,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. purchased a new position in shares of Teradata Corp. during the first quarter valued at about $136,000. Creative Planning increased 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 valued at $150,000 after buying an additional 82 shares during the period. ING Groep NV purchased a new position in shares of Teradata Corp. during the first quarter valued at about $201,000. Simmons Bank purchased a new position in shares of Teradata Corp. during the first quarter valued at about $325,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Teradata Corp. by 345.7% in the second quarter. Daiwa Securities Group Inc. now owns 15,600 shares of the company’s stock valued at $391,000 after buying an additional 12,100 shares during the period. 99.45% of the stock is owned by institutional investors.
Teradata Corp. (NYSE:TDC) traded down 0.78% during trading on Monday, reaching $29.29. The company’s stock had a trading volume of 1,025,962 shares. The stock’s 50 day moving average is $30.53 and its 200-day moving average is $28.24. Teradata Corp. has a 52 week low of $21.98 and a 52 week high of $33.09. The firm has a market cap of $3.82 billion, a P/E ratio of 82.74 and a beta of 1.33.
Teradata Corp. (NYSE:TDC) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.11. The business had revenue of $599 million for the quarter, compared to analysts’ expectations of $560.67 million. Teradata Corp. had a return on equity of 32.66% and a net margin of 5.55%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. On average, equities research analysts forecast that Teradata Corp. will post $2.44 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on TDC shares. Zacks Investment Research upgraded shares of Teradata Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. TheStreet upgraded shares of Teradata Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Deutsche Bank AG lifted their price objective on shares of Teradata Corp. from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Summit Redstone restated a “hold” rating on shares of Teradata Corp. in a research note on Tuesday, July 12th. Finally, Cowen and Company started coverage on shares of Teradata Corp. in a research note on Thursday, June 23rd. They set a “market perform” rating and a $30.00 price objective 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. Teradata Corp. presently has a consensus rating of “Hold” and an average price target of $26.50.
In other Teradata Corp. news, Director Nancy E. Cooper sold 1,840 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $31.06, for a total value of $57,150.40. Following the transaction, the director now owns 35,157 shares of the company’s stock, valued at $1,091,976.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Oliver Ratzesberger sold 2,015 shares of the stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $31.62, for a total value of $63,714.30. Following the completion of the transaction, the executive vice president now directly owns 37,468 shares in the company, valued at approximately $1,184,738.16. The disclosure for this sale can be found here. 2.64% of the stock is owned by corporate insiders.
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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