Capstone Asset Management Co. Increases Position in Teradata Corporation (TDC)
Capstone Asset Management Co. boosted its position in shares of Teradata Corporation (NYSE:TDC) by 25.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,898 shares of the technology company’s stock after buying an additional 2,188 shares during the period. Capstone Asset Management Co.’s holdings in Teradata Corporation were worth $321,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in TDC. American Beacon Advisors Inc. purchased a new position in shares of Teradata Corporation during the first quarter worth approximately $111,000. Westpac Banking Corp purchased a new position in shares of Teradata Corporation during the first quarter worth approximately $126,000. TrimTabs Asset Management LLC raised its position in shares of Teradata Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,268 shares of the technology company’s stock worth $133,000 after buying an additional 2,008 shares during the last quarter. James Investment Research Inc. raised its position in shares of Teradata Corporation by 1,193.8% in the first quarter. James Investment Research Inc. now owns 5,175 shares of the technology company’s stock worth $161,000 after buying an additional 4,775 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of Teradata Corporation by 19.1% in the first quarter. LS Investment Advisors LLC now owns 5,827 shares of the technology company’s stock worth $181,000 after buying an additional 936 shares during the last quarter.
Teradata Corporation (NYSE TDC) traded down 0.06% during midday trading on Friday, hitting $30.83. The stock had a trading volume of 1,183,384 shares. The company has a market cap of $3.88 billion, a PE ratio of 40.20 and a beta of 1.28. Teradata Corporation has a 12-month low of $26.27 and a 12-month high of $33.32. The firm has a 50-day moving average of $30.15 and a 200-day moving average of $29.98.
Teradata Corporation (NYSE:TDC) last issued its earnings results on Thursday, July 27th. The technology company reported $0.22 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. The business had revenue of $513 million for the quarter, compared to analysts’ expectations of $519.79 million. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. Equities research analysts forecast that Teradata Corporation will post $1.24 EPS for the current year.
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TDC has been the subject of a number of research reports. BidaskClub raised Teradata Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. TheStreet lowered Teradata Corporation from a “b-” rating to a “c” rating in a research note on Thursday, April 27th. BMO Capital Markets reissued a “hold” rating and set a $30.00 price target on shares of Teradata Corporation in a research note on Sunday, July 16th. Stifel Nicolaus reissued a “hold” rating and set a $32.00 price target on shares of Teradata Corporation in a research note on Monday, July 10th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $30.00 price target (down from $32.00) on shares of Teradata Corporation in a research note on Saturday, April 29th. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $28.50.
In other Teradata Corporation news, insider Victor L. Lund acquired 31,270 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were purchased at an average cost of $31.95 per share, for a total transaction of $999,076.50. Following the completion of the acquisition, the insider now owns 111,447 shares of the company’s stock, valued at approximately $3,560,731.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $31.83, for a total value 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 $4,573,620.87. The disclosure for this sale can be found here. Insiders own 1.73% of the company’s stock.
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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