Teradata Co. (NYSE:TDC) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. decreased its position in Teradata Co. (NYSE:TDC) by 21.4% in the 2nd quarter, Holdings Channel reports. The fund owned 2,992 shares of the technology company’s stock after selling 815 shares during the period. Zions Bancorporation N.A.’s holdings in Teradata were worth $103,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Natixis Advisors L.P. grew its holdings in Teradata by 4.2% during the 4th quarter. Natixis Advisors L.P. now owns 13,197 shares of the technology company’s stock valued at $574,000 after purchasing an additional 535 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Teradata by 18.4% during the fourth quarter. Private Advisor Group LLC now owns 6,763 shares of the technology company’s stock valued at $294,000 after acquiring an additional 1,053 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Teradata during the fourth quarter worth about $38,000. Dimensional Fund Advisors LP lifted its stake in shares of Teradata by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,584,625 shares of the technology company’s stock worth $68,948,000 after acquiring an additional 116,489 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Teradata in the fourth quarter valued at about $207,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Insider Buying and Selling at Teradata

In other Teradata news, insider Margaret A. Treese sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the sale, the insider now owns 96,783 shares in the company, valued at $2,758,315.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total value of $156,750.00. Following the completion of the transaction, the insider now owns 96,783 shares of the company’s stock, valued at $2,758,315.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the sale, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.

Teradata Stock Up 2.6 %

Shares of Teradata stock opened at $28.51 on Monday. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 67.88, a PEG ratio of 2.58 and a beta of 0.80. Teradata Co. has a twelve month low of $24.02 and a twelve month high of $49.44. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. The business’s 50 day simple moving average is $29.54 and its 200-day simple moving average is $33.48.

Teradata (NYSE:TDC) last posted its earnings results on Monday, August 5th. The technology company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. The company had revenue of $436.00 million for the quarter, compared to analysts’ expectations of $447.30 million. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.20 earnings per share. Equities research analysts forecast that Teradata Co. will post 1.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TDC shares. Royal Bank of Canada dropped their price objective on Teradata from $40.00 to $32.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 6th. Morgan Stanley reduced their price objective on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. UBS Group began coverage on shares of Teradata in a research report on Friday, July 19th. They issued a “sell” rating and a $32.00 target price for the company. TD Cowen cut their target price on shares of Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, Evercore ISI decreased their price target on Teradata from $46.00 to $34.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.36.

About Teradata

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.