Teradata Co. (NYSE:TDC) Stake Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in shares of Teradata Co. (NYSE:TDC) by 7.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 596,845 shares of the technology company’s stock after acquiring an additional 42,094 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Teradata were worth $18,108,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Teradata by 4.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,165 shares of the technology company’s stock worth $339,000 after purchasing an additional 449 shares in the last quarter. nVerses Capital LLC bought a new stake in Teradata in the third quarter worth $185,000. Wedge Capital Management L L P NC boosted its holdings in Teradata by 9.2% in the third quarter. Wedge Capital Management L L P NC now owns 62,120 shares of the technology company’s stock worth $1,885,000 after purchasing an additional 5,226 shares in the last quarter. CWM LLC boosted its holdings in Teradata by 293.8% in the third quarter. CWM LLC now owns 21,972 shares of the technology company’s stock worth $667,000 after purchasing an additional 16,393 shares in the last quarter. Finally, Tealwood Asset Management Inc. bought a new stake in Teradata in the third quarter worth $1,222,000. 90.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TDC shares. JMP Securities cut shares of Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Morgan Stanley decreased their price target on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. UBS Group started coverage on shares of Teradata in a report on Friday, July 19th. They set a “sell” rating and a $32.00 price target for the company. Royal Bank of Canada decreased their price target on shares of Teradata from $40.00 to $32.00 and set a “sector perform” rating for the company in a report on Tuesday, August 6th. Finally, StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Teradata has a consensus rating of “Hold” and an average target price of $40.64.

Teradata Stock Up 0.6 %

Shares of TDC opened at $31.79 on Friday. The company has a 50-day simple moving average of $29.40 and a 200-day simple moving average of $31.99. The firm has a market capitalization of $3.06 billion, a P/E ratio of 50.46, a P/E/G ratio of 2.97 and a beta of 0.80. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.72 and a current ratio of 0.75. Teradata Co. has a 52 week low of $24.02 and a 52 week high of $49.44.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. The business 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%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. On average, equities research analysts expect that Teradata Co. will post 1.3 earnings per share for the current year.

Insider Activity

In related news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction dated 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction dated 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the transaction, the insider now directly owns 96,783 shares of the company’s stock, valued at $2,758,315.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is owned by company insiders.

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.