Cypress Capital Group Has $436,000 Position in Teradata Corporation (TDC)
Cypress Capital Group lessened its holdings in Teradata Corporation (NYSE:TDC) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,777 shares of the technology company’s stock after selling 190 shares during the quarter. Cypress Capital Group’s holdings in Teradata Corporation were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Fairpointe Capital LLC raised its position in Teradata Corporation by 0.4% in the 2nd quarter. Fairpointe Capital LLC now owns 5,781,875 shares of the technology company’s stock worth $170,508,000 after purchasing an additional 25,599 shares during the period. The Manufacturers Life Insurance Company raised its position in Teradata Corporation by 21.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 192,182 shares of the technology company’s stock worth $5,668,000 after purchasing an additional 33,809 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Teradata Corporation in the 2nd quarter worth $4,795,000. ETF Managers Group LLC purchased a new position in Teradata Corporation in the 2nd quarter worth $130,000. Finally, Shelton Capital Management raised its position in Teradata Corporation by 66.7% in the 2nd quarter. Shelton Capital Management now owns 118,114 shares of the technology company’s stock worth $3,483,000 after purchasing an additional 47,258 shares during the period.
A number of brokerages recently commented on TDC. Sanford C. Bernstein reiterated an “underperform” rating and issued a $27.00 target price on shares of Teradata Corporation in a research report on Monday, September 11th. Needham & Company LLC began coverage on shares of Teradata Corporation in a research report on Monday, September 11th. They issued a “hold” rating on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $32.00 target price on shares of Teradata Corporation in a research report on Monday, August 14th. BidaskClub cut shares of Teradata Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, BMO Capital Markets lifted their target price on shares of Teradata Corporation from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $28.75.
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In other news, CFO Stephen Mark Scheppmann sold 47,065 shares of the stock in a transaction 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 sale, the chief financial officer now owns 143,689 shares of the company’s stock, valued at $4,573,620.87. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Victor L. Lund bought 31,270 shares of Teradata Corporation stock in a transaction dated Monday, July 31st. The stock was purchased at an average cost of $31.95 per share, for a total transaction of $999,076.50. Following the purchase, the insider now owns 111,447 shares of the company’s stock, valued at approximately $3,560,731.65. The disclosure for this purchase can be found here. Corporate insiders own 1.73% of the company’s stock.
Teradata Corporation (NYSE:TDC) last announced its earnings results on Thursday, July 27th. The technology company reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. Teradata Corporation had a net margin of 4.63% and a return on equity of 21.12%. The business had revenue of $513.00 million for the quarter, compared to the consensus estimate of $519.79 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was down 14.4% on a year-over-year basis.
Teradata Corporation 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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