Teradata Co. (TDC) Stake Increased by BlackRock Inc.
BlackRock Inc. grew its stake in Teradata Co. (NYSE:TDC) by 1.1% in the fourth quarter, Holdings Channel reports. The fund owned 10,925,922 shares of the technology company’s stock after acquiring an additional 118,571 shares during the period. BlackRock Inc. owned approximately 0.09% of Teradata worth $420,211,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of TDC. Alyeska Investment Group L.P. increased its stake in Teradata by 259.2% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,764,202 shares of the technology company’s stock worth $93,402,000 after purchasing an additional 1,994,620 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Teradata during the 3rd quarter worth approximately $33,107,000. Jennison Associates LLC bought a new stake in Teradata during the 4th quarter worth approximately $24,693,000. Canada Pension Plan Investment Board increased its stake in Teradata by 131.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 839,067 shares of the technology company’s stock worth $28,352,000 after purchasing an additional 476,100 shares in the last quarter. Finally, APG Asset Management N.V. increased its stake in Teradata by 36.8% during the 4th quarter. APG Asset Management N.V. now owns 1,313,700 shares of the technology company’s stock worth $42,076,000 after purchasing an additional 353,300 shares in the last quarter. 97.94% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on TDC. BMO Capital Markets increased their target price on Teradata from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. ValuEngine raised Teradata from a “hold” rating to a “buy” rating in a research note on Friday. Summit Redstone raised Teradata from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Morgan Stanley raised Teradata from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $31.00 to $40.00 in a research note on Tuesday, January 23rd. Finally, Mizuho reissued a “sell” rating and set a $32.00 target price on shares of Teradata in a research note on Monday, January 22nd. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $34.82.
Teradata (NYSE:TDC) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.18. Teradata had a positive return on equity of 15.54% and a negative net margin of 3.11%. The firm had revenue of $626.00 million during the quarter, compared to the consensus estimate of $610.50 million. During the same quarter in the prior year, the firm posted $0.67 EPS. The business’s revenue was up .0% on a year-over-year basis. sell-side analysts expect that Teradata Co. will post 1.07 earnings per share for the current year.
Teradata announced that its board has approved a stock repurchase plan on Thursday, February 8th that authorizes the company to repurchase $310.00 million in shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
In other Teradata news, Director William S. Stavropoulos sold 7,496 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $36.44, for a total transaction of $273,154.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.73% of the company’s stock.
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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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