Allspring Global Investments Holdings LLC Boosts Stock Position in Teradata Co. (NYSE:TDC)

Allspring Global Investments Holdings LLC grew its stake in shares of Teradata Co. (NYSE:TDCGet Rating) by 288.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 38,206 shares of the technology company’s stock after buying an additional 28,381 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Teradata were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TDC. Private Advisor Group LLC bought a new position in shares of Teradata in the first quarter worth $231,000. Natixis Advisors L.P. increased its stake in Teradata by 46.7% in the first quarter. Natixis Advisors L.P. now owns 21,282 shares of the technology company’s stock valued at $1,049,000 after acquiring an additional 6,779 shares during the last quarter. Bank of Montreal Can increased its stake in Teradata by 21.1% in the first quarter. Bank of Montreal Can now owns 10,977 shares of the technology company’s stock valued at $546,000 after acquiring an additional 1,916 shares during the last quarter. Rhumbline Advisers increased its stake in Teradata by 0.3% in the first quarter. Rhumbline Advisers now owns 302,170 shares of the technology company’s stock valued at $14,894,000 after acquiring an additional 947 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Teradata by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,764 shares of the technology company’s stock valued at $1,960,000 after acquiring an additional 3,791 shares during the last quarter. Hedge funds and other institutional investors own 90.92% of the company’s stock.

Insider Transactions at Teradata

In related news, insider Hillary Ashton sold 6,118 shares of Teradata stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $34.06, for a total transaction of $208,379.08. Following the transaction, the insider now owns 107,662 shares in the company, valued at approximately $3,666,967.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Teradata news, insider Michael D. Hutchinson sold 5,741 shares of the business’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $34.80, for a total value of $199,786.80. Following the sale, the insider now owns 34,040 shares in the company, valued at approximately $1,184,592. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Hillary Ashton sold 6,118 shares of the business’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $34.06, for a total transaction of $208,379.08. Following the completion of the sale, the insider now owns 107,662 shares in the company, valued at $3,666,967.72. The disclosure for this sale can be found here. Insiders have sold 28,699 shares of company stock worth $973,316 in the last 90 days. 0.69% of the stock is currently owned by insiders.

Teradata Price Performance

Shares of TDC opened at $33.02 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 2.31. Teradata Co. has a twelve month low of $28.65 and a twelve month high of $52.53. The company has a market capitalization of $3.36 billion, a P/E ratio of 50.03, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97. The firm has a 50 day moving average of $33.40 and a 200 day moving average of $33.47.

Teradata (NYSE:TDCGet Rating) last posted its earnings results on Monday, November 7th. The technology company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Teradata had a net margin of 4.02% and a return on equity of 34.61%. The business had revenue of $417.00 million during the quarter, compared to the consensus estimate of $423.10 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The firm’s revenue was down 9.3% on a year-over-year basis. As a group, equities research analysts anticipate that Teradata Co. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Craig Hallum reduced their price objective on Teradata to $40.00 in a research note on Tuesday, November 15th. Credit Suisse Group reduced their price objective on Teradata from $35.00 to $30.00 and set an “underperform” rating on the stock in a research note on Tuesday, November 8th. StockNews.com upgraded shares of Teradata from a “hold” rating to a “buy” rating in a report on Saturday, November 19th. Royal Bank of Canada dropped their target price on shares of Teradata from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, November 8th. Finally, Citigroup increased their target price on shares of Teradata from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, November 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Teradata currently has a consensus rating of “Hold” and an average target price of $43.63.

Teradata Company Profile

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Teradata Corp. is the cloud data analytics company which is built for a multi-cloud reality and solving the data challenges at scale. It operates through three operating segments: Americas (North America and Latin America), EMEA (Europe, Middle East and Africa) and APJ (Asia Pacific and Japan) geographic regions.

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Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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