Deutsche Bank AG lowered its stake in shares of Teradata Co. (NYSE:TDC) by 92.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 43,354 shares of the technology company’s stock after selling 502,831 shares during the period. Deutsche Bank AG’s holdings in Teradata were worth $1,660,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in Teradata by 15.7% during the 4th quarter. American Century Companies Inc. now owns 1,301,194 shares of the technology company’s stock valued at $49,914,000 after purchasing an additional 176,831 shares in the last quarter. Geode Capital Management LLC grew its holdings in Teradata by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 1,118,979 shares of the technology company’s stock valued at $42,924,000 after purchasing an additional 35,693 shares in the last quarter. Norges Bank acquired a new position in Teradata during the 4th quarter worth $59,216,000. Amalgamated Bank grew its holdings in Teradata by 37.1% during the 4th quarter. Amalgamated Bank now owns 26,639 shares of the technology company’s stock worth $1,022,000 after acquiring an additional 7,214 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Teradata by 34.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 49,686 shares of the technology company’s stock worth $1,906,000 after acquiring an additional 12,797 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.
Shares of TDC stock opened at $38.57 on Thursday. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 43.83, a P/E/G ratio of 1.96 and a beta of 0.97. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 1.19. Teradata Co. has a 1-year low of $34.06 and a 1-year high of $49.42.
Teradata (NYSE:TDC) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. Teradata had a net margin of 1.27% and a return on equity of 20.91%. The company had revenue of $468.00 million for the quarter, compared to the consensus estimate of $487.57 million. During the same period last year, the firm posted $0.19 EPS. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. Equities analysts forecast that Teradata Co. will post 1.05 earnings per share for the current fiscal year.
In other news, Director Lisa R. Bacus sold 12,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $48.04, for a total value of $576,480.00. Following the transaction, the director now directly owns 22,486 shares in the company, valued at approximately $1,080,227.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark Culhane purchased 1,400 shares of Teradata stock in a transaction dated Monday, May 6th. The stock was acquired at an average price of $39.35 per share, for a total transaction of $55,090.00. Following the completion of the transaction, the chief financial officer now owns 57,485 shares in the company, valued at approximately $2,262,034.75. The disclosure for this purchase can be found here. Company insiders own 1.12% of the company’s stock.
Several brokerages have weighed in on TDC. TheStreet lowered shares of Teradata from a “b-” rating to a “c” rating in a report on Friday, May 3rd. Barclays reissued a “sell” rating and set a $33.00 price objective on shares of Teradata in a report on Sunday. BMO Capital Markets reissued a “market perform” rating and set a $45.00 price objective (up from $40.00) on shares of Teradata in a report on Friday, February 8th. Cowen raised their price objective on shares of Teradata from $51.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, February 11th. Finally, Zacks Investment Research lowered shares of Teradata from a “buy” rating to a “sell” rating in a report on Tuesday, February 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $46.67.
Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.
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