Teradata (NYSE:TDC) Stock: Insider Stephen Mcmillan Sells 10,000 Shares

Teradata Corporation (NYSE:TDC) CEO Stephen Mcmillan sold 10,000 shares of Teradata stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $32.51, for a total value of $325,100.00. Following the completion of the transaction, the chief executive officer directly owned 742,446 shares in the company, valued at $24,136,919.46. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stephen Mcmillan also recently made the following trade(s):

• On Tuesday, September 15th, Stephen Mcmillan sold 10,000 shares of Teradata stock. The stock was sold at an average price of $30.02, for a total transaction of $300,200.00.

Teradata Stock Up 1.3%

Shares of Teradata stock opened at $33.22 on Thursday. Teradata Corporation has a twelve month low of $23.86 and a twelve month high of $41.78. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 2.06 and a beta of 0.61. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average price of $30.81 and a 200 day moving average price of $30.05.

Teradata (NYSE:TDC) last released its quarterly earnings data on Thursday, November 5th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.58 by $0.12. The company had revenue of $399.00 million for the quarter, compared to analyst estimates of $395.66 million. Teradata had a return on equity of 35.61% and a net margin of 27.24%. The firm’s revenue was down 4.1% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. Equities research analysts forecast that Teradata Corporation will post 1.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in Teradata during the second quarter worth about $567,999,000. Bank of America Corp DE bought a new stake in Teradata during the 2nd quarter worth approximately $44,869,000. Alyeska Investment Group L.P. acquired a new stake in Teradata during the 2nd quarter valued at $44,472,000. Quantinno Capital Management LP increased its stake in shares of Teradata by 1,158.9% in the first quarter. Quantinno Capital Management LP now owns 1,294,502 shares of the technology company’s stock valued at $33,178,000 after buying an additional 1,191,677 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Teradata by 28.6% during the third quarter. Boston Partners now owns 3,956,569 shares of the technology company’s stock worth $114,244,000 after purchasing an additional 879,016 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays boosted their price target on Teradata from $27.00 to $28.00 and gave the stock an “underweight” rating in a research note on Friday, November 6th. UBS Group reduced their price objective on Teradata from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, September 21st. Weiss Ratings upgraded shares of Teradata from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Wall Street Zen raised Teradata from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Finally, Citigroup lifted their price target on shares of Teradata from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.12.

About Teradata

Teradata provides cloud analytics and data platform services for organizations that manage large, complex data environments. Its offerings support the collection, integration, storage and analysis of data to help customers generate insights and build data-driven applications. The company’s portfolio includes Teradata VantageCloud, which supports cloud and hybrid deployments, and ClearScape Analytics, a set of tools for applying advanced analytics and artificial intelligence to data. Teradata also offers consulting, implementation and support services to help customers design and manage their data environments.