Teradata Co. (NYSE:TDC) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its stake in shares of Teradata Co. (NYSE:TDC) by 54.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 31,624 shares of the technology company’s stock after selling 38,175 shares during the period. Ensign Peak Advisors Inc’s holdings in Teradata were worth $1,093,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TDC. Crewe Advisors LLC acquired a new stake in shares of Teradata in the second quarter valued at about $26,000. Sound Income Strategies LLC acquired a new stake in shares of Teradata in the first quarter valued at about $31,000. Hexagon Capital Partners LLC raised its position in shares of Teradata by 111.4% in the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after buying an additional 507 shares during the last quarter. Blue Trust Inc. raised its position in shares of Teradata by 107.3% in the second quarter. Blue Trust Inc. now owns 2,017 shares of the technology company’s stock valued at $70,000 after buying an additional 1,044 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Teradata in the second quarter valued at about $72,000. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Evercore ISI reduced their target price on shares of Teradata from $46.00 to $34.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Northland Securities dropped their price objective on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Guggenheim reissued a “buy” rating and issued a $60.00 price objective on shares of Teradata in a report on Tuesday, June 25th. Finally, UBS Group assumed coverage on shares of Teradata in a report on Friday, July 19th. They issued a “sell” rating and a $32.00 price objective for the company. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, Teradata has an average rating of “Hold” and an average target price of $40.36.

Insiders Place Their Bets

In other news, insider Hillary Ashton sold 14,962 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the completion of the transaction, the insider now owns 121,382 shares of the company’s stock, valued at $3,341,646.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other 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 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 legal filing with the SEC, which is available at the SEC website. Also, insider Hillary Ashton sold 14,962 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the transaction, the insider now directly owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.

Teradata Trading Up 0.6 %

Shares of TDC stock opened at $30.35 on Friday. The company has a debt-to-equity ratio of 6.87, a current ratio of 0.75 and a quick ratio of 0.72. The firm has a market cap of $2.92 billion, a PE ratio of 72.26, a price-to-earnings-growth ratio of 2.71 and a beta of 0.80. The company has a 50-day moving average of $28.64 and a two-hundred day moving average of $32.89. Teradata Co. has a 1-year low of $24.02 and a 1-year high of $49.44.

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

Teradata 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.