Teachers Retirement System of The State of Kentucky Takes $5.32 Million Position in Teradata Co. (NYSE:TDC)

Teachers Retirement System of The State of Kentucky purchased a new stake in Teradata Co. (NYSE:TDC – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 171,217 shares of the technology company’s stock, valued at approximately $5,318,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Private Advisor Group LLC acquired a new position in shares of Teradata during 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 purchasing an additional 6,779 shares in 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 purchasing an additional 1,916 shares in 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 purchasing an additional 947 shares in 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 purchasing an additional 3,791 shares in the last quarter. Institutional investors and hedge funds own 90.92% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TDC. Cowen lifted their price target on shares of Teradata from $36.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, February 14th. StockNews.com assumed coverage on shares of Teradata in a research report on Thursday. They set a “buy” rating for the company. Guggenheim assumed coverage on shares of Teradata in a research report on Thursday, January 26th. They set a “neutral” rating for the company. Craig Hallum boosted their target price on shares of Teradata from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, February 14th. Finally, Barclays boosted their target price on shares of Teradata from $33.00 to $35.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Teradata currently has an average rating of “Hold” and an average target price of $42.00.

Insiders Place Their Bets

In other Teradata news, CFO Claire Bramley sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. Following the completion of the sale, the chief financial officer now directly owns 83,100 shares of the company’s stock, valued at approximately $3,324,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Teradata news, insider Kathleen R. Cullen-Cote sold 24,400 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $40.78, for a total value of $995,032.00. Following the sale, the insider now directly owns 121,489 shares in the company, valued at approximately $4,954,321.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Claire Bramley sold 5,000 shares of the stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the completion of the transaction, the chief financial officer now directly owns 83,100 shares in the company, valued at approximately $3,324,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,240 shares of company stock valued at $1,760,182. Corporate insiders own 0.92% of the company’s stock.

Teradata Trading Down 0.4 %

Shares of TDC stock opened at $37.85 on Friday. Teradata Co. has a 52-week low of $28.65 and a 52-week high of $50.99. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.02. The company has a 50-day simple moving average of $37.08 and a two-hundred day simple moving average of $33.87. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 126.17, a PEG ratio of 2.41 and a beta of 0.91.

Teradata (NYSE:TDC – Get Rating) last issued its quarterly earnings data on Monday, February 13th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Teradata had a net margin of 1.84% and a return on equity of 28.46%. The business had revenue of $452.00 million during the quarter, compared to the consensus estimate of $435.63 million. During the same period in the prior year, the firm posted $0.34 EPS. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. Research analysts anticipate that Teradata Co. will post 0.98 EPS for the current fiscal year.

Teradata Company Profile

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Teradata Corp. is a cloud data analytics company which is built for a multi-cloud reality and solving data challenges at scale. It operates through the following geographical segments: Americas, EMEA, and APJ. The company was founded on July 13, 1979, and is headquartered in San Diego, CA.