Raymond James & Associates Increases Stock Position in Teradata Co. (NYSE:TDC)

Raymond James & Associates increased its holdings in Teradata Co. (NYSE:TDCGet Rating) by 17.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 78,894 shares of the technology company’s stock after acquiring an additional 11,976 shares during the quarter. Raymond James & Associates’ holdings in Teradata were worth $2,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ronald Blue Trust Inc. purchased a new position in Teradata during the second quarter valued at approximately $26,000. Whittier Trust Co. of Nevada Inc. bought a new position in Teradata during the second quarter valued at $31,000. Parallel Advisors LLC increased its position in Teradata by 480.1% during the second quarter. Parallel Advisors LLC now owns 1,137 shares of the technology company’s stock valued at $42,000 after acquiring an additional 941 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Teradata during the second quarter valued at $43,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Teradata during the first quarter valued at $44,000. Hedge funds and other institutional investors own 90.92% of the company’s stock.

Teradata Price Performance

TDC stock opened at $33.02 on Friday. The business has a 50 day moving average price of $33.40 and a 200 day moving average price of $33.47. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 50.03, a PEG ratio of 1.26 and a beta of 0.97. Teradata Co. has a fifty-two week low of $28.65 and a fifty-two week high of $52.53. 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 (NYSE:TDCGet Rating) last posted its earnings results on Monday, November 7th. The technology company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $417.00 million during the quarter, compared to analysts’ expectations of $423.10 million. Teradata had a return on equity of 34.61% and a net margin of 4.02%. The firm’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. Equities research analysts anticipate that Teradata Co. will post 0.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Teradata news, CRO Todd Cione sold 16,840 shares of Teradata stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $33.56, for a total transaction of $565,150.40. Following the transaction, the executive now owns 145,926 shares of the company’s stock, valued at $4,897,276.56. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CRO Todd Cione sold 16,840 shares of the business’s stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $33.56, for a total value of $565,150.40. Following the transaction, the executive now owns 145,926 shares of the company’s stock, valued at $4,897,276.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Hillary Ashton sold 6,118 shares of the business’s stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $34.06, for a total value of $208,379.08. Following the completion of the transaction, the insider now directly owns 107,662 shares in the company, valued at approximately $3,666,967.72. The disclosure for this sale can be found here. Insiders have sold a total of 28,699 shares of company stock valued at $973,316 over the last quarter. Company insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

TDC has been the subject of a number of research reports. StockNews.com raised shares of Teradata from a “hold” rating to a “buy” rating in a research note on Saturday, November 19th. Morgan Stanley lowered their price objective on Teradata from $50.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, October 17th. Citigroup increased their target price on Teradata from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, November 11th. Royal Bank of Canada decreased their price objective on Teradata from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 8th. Finally, Barclays cut their target price on Teradata from $36.00 to $33.00 and set an “underweight” rating for the company in a research note on Tuesday, October 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently 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.

See Also

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Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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