American International Group Inc. Sells 8,673 Shares of Teradata Co. (NYSE:TDC)

American International Group Inc. decreased its stake in shares of Teradata Co. (NYSE:TDC) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 132,980 shares of the technology company’s stock after selling 8,673 shares during the quarter. American International Group Inc.’s holdings in Teradata were worth $5,786,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TDC. HighTower Advisors LLC boosted its position in shares of Teradata by 3.2% during the third quarter. HighTower Advisors LLC now owns 13,526 shares of the technology company’s stock worth $604,000 after acquiring an additional 424 shares during the last quarter. UBS Group AG raised its stake in Teradata by 6.0% during the third quarter. UBS Group AG now owns 174,707 shares of the technology company’s stock valued at $7,865,000 after purchasing an additional 9,834 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Teradata by 35.3% during the third quarter. Envestnet Asset Management Inc. now owns 99,221 shares of the technology company’s stock valued at $4,467,000 after purchasing an additional 25,895 shares in the last quarter. FMR LLC raised its stake in Teradata by 24.4% during the third quarter. FMR LLC now owns 1,241,111 shares of the technology company’s stock valued at $55,875,000 after purchasing an additional 243,806 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Teradata by 124.5% during the third quarter. Invesco Ltd. now owns 594,626 shares of the technology company’s stock valued at $26,770,000 after purchasing an additional 329,808 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Insiders Place Their Bets

In other Teradata news, CEO Stephen Mcmillan sold 10,000 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $31.95, for a total transaction of $319,500.00. Following the transaction, the chief executive officer now directly owns 393,579 shares in the company, valued at approximately $12,574,849.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Stephen Mcmillan sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $31.95, for a total value of $319,500.00. Following the sale, the chief executive officer now directly owns 393,579 shares in the company, valued at approximately $12,574,849.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael D. Hutchinson sold 18,500 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $32.96, for a total transaction of $609,760.00. Following the completion of the sale, the insider now owns 55,190 shares in the company, valued at $1,819,062.40. The disclosure for this sale can be found here. 0.92% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TDC. Royal Bank of Canada decreased their price target on shares of Teradata from $48.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 7th. JMP Securities decreased their price target on shares of Teradata from $72.00 to $60.00 and set a “market outperform” rating on the stock in a research note on Tuesday, May 7th. Evercore ISI reduced their target price on shares of Teradata from $58.00 to $46.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 7th. TD Cowen reduced their target price on shares of Teradata from $46.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. Finally, Bank of America downgraded shares of Teradata from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $48.00 to $39.00 in a research note on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Teradata has a consensus rating of “Hold” and an average price target of $49.90.

Teradata Trading Up 1.9 %

TDC stock opened at $34.38 on Friday. The company has a market capitalization of $3.32 billion, a PE ratio of 81.85, a P/E/G ratio of 2.26 and a beta of 0.83. Teradata Co. has a 12 month low of $31.48 and a 12 month high of $57.73. The firm’s 50-day moving average is $34.23 and its 200 day moving average is $39.34. The company has a debt-to-equity ratio of 9.83, a current ratio of 0.78 and a quick ratio of 0.77.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $465.00 million for the quarter, compared to the consensus estimate of $461.93 million. Teradata had a net margin of 2.31% and a return on equity of 70.34%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. On average, research analysts anticipate that Teradata Co. will post 1.14 EPS for the current year.

Teradata Company Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.