Keeley Teton Advisors LLC Trims Position in Teradata Co. (NYSE:TDC)

Posted by Defense World Staff on Feb 24th, 2023

Keeley Teton Advisors LLC lessened its holdings in shares of Teradata Co. (NYSE:TDC – Get Rating) by 62.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,924 shares of the technology company’s stock after selling 11,589 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Teradata were worth $215,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Capital International Investors raised its position in shares of Teradata by 11.2% in the 1st quarter. Capital International Investors now owns 3,843,434 shares of the technology company’s stock worth $189,443,000 after buying an additional 388,599 shares during the period. State Street Corp raised its position in shares of Teradata by 1.8% in the 1st quarter. State Street Corp now owns 2,950,660 shares of the technology company’s stock worth $145,438,000 after buying an additional 53,585 shares during the period. Scout Investments Inc. raised its position in shares of Teradata by 49.8% in the 3rd quarter. Scout Investments Inc. now owns 2,461,779 shares of the technology company’s stock worth $76,463,000 after buying an additional 818,405 shares during the period. AQR Capital Management LLC raised its position in shares of Teradata by 41.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,874,849 shares of the technology company’s stock worth $68,432,000 after buying an additional 552,870 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Teradata by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,649,552 shares of the technology company’s stock worth $81,309,000 after buying an additional 34,030 shares during the period. Hedge funds and other institutional investors own 90.92% of the company’s stock.

Teradata Stock Up 0.8 %

Shares of Teradata stock opened at $41.54 on Friday. The business has a 50-day moving average of $35.19 and a 200-day moving average of $33.38. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.02 and a quick ratio of 1.01. The company has a market capitalization of $4.23 billion, a PE ratio of 138.47, a P/E/G ratio of 2.59 and a beta of 0.96. Teradata Co. has a 1-year low of $28.65 and a 1-year high of $51.00.

Teradata (NYSE:TDC – Get Rating) last announced its earnings results on Monday, February 13th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $452.00 million during the quarter, compared to the consensus estimate of $435.63 million. Teradata had a return on equity of 28.46% and a net margin of 1.84%. The company’s revenue was down 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. As a group, equities analysts forecast that Teradata Co. will post 1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Claire Bramley sold 5,000 shares of Teradata stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $40.00, for a total value 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 $3,324,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Claire Bramley sold 5,000 shares of Teradata stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $40.00, for a total value 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 $3,324,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Hutchinson sold 5,741 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $34.80, for a total transaction of $199,786.80. Following the completion of the transaction, the insider now directly owns 34,040 shares in the company, valued at approximately $1,184,592. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,699 shares of company stock worth $1,173,316. Corporate insiders own 0.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Royal Bank of Canada increased their target price on Teradata from $37.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 14th. Craig Hallum increased their price target on Teradata from $40.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, February 14th. StockNews.com upgraded Teradata from a “hold” rating to a “buy” rating in a report on Saturday, November 19th. Morgan Stanley increased their price target on Teradata from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday, February 14th. Finally, Credit Suisse Group lowered their price target on Teradata from $35.00 to $30.00 and set an “underperform” rating for the company in a report on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $42.00.

About Teradata

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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.