Citigroup Inc. Purchases 25,697 Shares of Teradata Co. (NYSE:TDC)

Posted by Defense World Staff on Aug 30th, 2023

Citigroup Inc. raised its position in Teradata Co. (NYSE:TDC – Free Report) by 8.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 341,293 shares of the technology company’s stock after purchasing an additional 25,697 shares during the period. Citigroup Inc. owned approximately 0.34% of Teradata worth $13,747,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of TDC. Parallel Advisors LLC lifted its holdings in shares of Teradata by 81.1% during the 1st quarter. Parallel Advisors LLC now owns 880 shares of the technology company’s stock valued at $35,000 after purchasing an additional 394 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Teradata in the first quarter valued at approximately $44,000. International Assets Investment Management LLC acquired a new position in shares of Teradata in the first quarter valued at approximately $37,000. Global Retirement Partners LLC increased its position in shares of Teradata by 40.5% during the first quarter. Global Retirement Partners LLC now owns 1,031 shares of the technology company’s stock worth $42,000 after acquiring an additional 297 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Teradata during the first quarter worth $71,000. 91.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Teradata news, Director Michael P. Gianoni sold 29,053 shares of Teradata stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $51.57, for a total transaction of $1,498,263.21. Following the completion of the transaction, the director now directly owns 38,107 shares of the company’s stock, valued at $1,965,177.99. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Michael P. Gianoni sold 29,053 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $51.57, for a total value of $1,498,263.21. Following the transaction, the director now owns 38,107 shares of the company’s stock, valued at $1,965,177.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Todd Cione sold 41,472 shares of Teradata stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $45.00, for a total value of $1,866,240.00. Following the sale, the executive now directly owns 126,426 shares of the company’s stock, valued at $5,689,170. The disclosure for this sale can be found here. In the last three months, insiders have sold 115,544 shares of company stock valued at $5,441,736. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TDC shares. Citigroup increased their target price on Teradata from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Barclays dropped their target price on Teradata from $47.00 to $46.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 8th. StockNews.com assumed coverage on Teradata in a research report on Wednesday, August 23rd. They set a “strong-buy” rating for the company. TheStreet downgraded shares of Teradata from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Finally, Northland Securities initiated coverage on shares of Teradata in a research report on Tuesday, May 2nd. They issued an “outperform” rating and a $63.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

Check Out Our Latest Research Report on TDC

Teradata Price Performance

NYSE:TDC opened at $45.78 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 2.58. The firm has a fifty day simple moving average of $51.34 and a 200 day simple moving average of $45.61. Teradata Co. has a 1-year low of $28.65 and a 1-year high of $57.73. The stock has a market capitalization of $4.57 billion, a PE ratio of 80.32, a P/E/G ratio of 2.51 and a beta of 0.96.

Teradata (NYSE:TDC – Get Free Report) last issued its earnings results on Monday, August 7th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $462.00 million during the quarter, compared to the consensus estimate of $445.09 million. Teradata had a net margin of 3.21% and a return on equity of 32.47%. Teradata’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. On average, research analysts expect that Teradata Co. will post 1.02 EPS for the current fiscal year.

About Teradata

(Free Report)

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.