Kornitzer Capital Management Inc. KS held its stake in Teradata Corporation (NYSE:TDC) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,155 shares of the technology company’s stock at the end of the second quarter. Kornitzer Capital Management Inc. KS’s holdings in Teradata Corporation were worth $2,128,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Teradata Corporation by 26.6% in the first quarter. Bank of America Corp DE now owns 866,272 shares of the technology company’s stock worth $26,959,000 after buying an additional 181,867 shares during the period. Global X Management Co. LLC raised its stake in Teradata Corporation by 12.6% in the first quarter. Global X Management Co. LLC now owns 9,789 shares of the technology company’s stock worth $305,000 after buying an additional 1,098 shares during the period. Alambic Investment Management L.P. raised its stake in Teradata Corporation by 14.7% in the first quarter. Alambic Investment Management L.P. now owns 150,950 shares of the technology company’s stock worth $4,698,000 after buying an additional 19,300 shares during the period. Cibc World Markets Corp raised its stake in Teradata Corporation by 49.7% in the first quarter. Cibc World Markets Corp now owns 14,438 shares of the technology company’s stock worth $449,000 after buying an additional 4,796 shares during the period. Finally, Clinton Group Inc. raised its stake in Teradata Corporation by 40.9% in the first quarter. Clinton Group Inc. now owns 18,929 shares of the technology company’s stock worth $589,000 after buying an additional 5,491 shares during the period.

Teradata Corporation (NYSE:TDC) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.22. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The company had revenue of $513 million during the quarter, compared to analysts’ expectations of $519.79 million. During the same quarter in the previous year, the business earned $0.71 EPS. Teradata Corporation’s revenue was down 14.4% compared to the same quarter last year.

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A number of analysts have recently weighed in on TDC shares. BTIG Research started coverage on Teradata Corporation in a research note on Monday, April 17th. They set a “neutral” rating for the company. Deutsche Bank AG reissued a “hold” rating and set a $30.00 price objective (down previously from $32.00) on shares of Teradata Corporation in a research note on Saturday, April 29th. BidaskClub lowered Teradata Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Sanford C. Bernstein started coverage on Teradata Corporation in a research note on Wednesday, May 24th. They set an “underperform” rating and a $25.00 price objective for the company. Finally, BMO Capital Markets increased their price objective on Teradata Corporation from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $28.50.

In related news, CFO Stephen Mark Scheppmann sold 47,065 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $31.83, for a total transaction of $1,498,078.95. Following the completion of the transaction, the chief financial officer now owns 143,689 shares in the company, valued at approximately $4,573,620.87. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Victor L. Lund acquired 31,270 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average price of $31.95 per share, with a total value of $999,076.50. Following the acquisition, the insider now owns 111,447 shares in the company, valued at $3,560,731.65. The disclosure for this purchase can be found here. 1.73% of the stock is owned by insiders.

Teradata Corporation Company Profile

Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.

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Institutional Ownership by Quarter for Teradata Corporation (NYSE:TDC)

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