Russell Investments Group Ltd. Has $1.13 Million Stake in Teradata Corporation (TDC)

Russell Investments Group Ltd. reduced its position in Teradata Corporation (NYSE:TDC) by 88.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,299 shares of the technology company’s stock after selling 290,060 shares during the quarter. Russell Investments Group Ltd.’s holdings in Teradata Corporation were worth $1,131,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Treasurer State of Michigan boosted its position in shares of Teradata Corporation by 27.0% in the second quarter. State Treasurer State of Michigan now owns 54,000 shares of the technology company’s stock valued at $1,592,000 after acquiring an additional 11,488 shares during the period. Aperio Group LLC boosted its position in shares of Teradata Corporation by 12.6% in the second quarter. Aperio Group LLC now owns 33,239 shares of the technology company’s stock valued at $980,000 after acquiring an additional 3,724 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Teradata Corporation by 326.3% in the second quarter. Louisiana State Employees Retirement System now owns 34,100 shares of the technology company’s stock valued at $1,006,000 after acquiring an additional 26,100 shares during the period. LS Investment Advisors LLC boosted its position in shares of Teradata Corporation by 79.8% in the second quarter. LS Investment Advisors LLC now owns 10,476 shares of the technology company’s stock valued at $309,000 after acquiring an additional 4,649 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Teradata Corporation by 9.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 14,907 shares of the technology company’s stock valued at $440,000 after acquiring an additional 1,245 shares during the period. Institutional investors own 99.94% of the company’s stock.

In other news, insider Victor L. Lund bought 31,270 shares of the stock in a transaction dated Monday, July 31st. The stock was purchased at an average cost of $31.95 per share, for a total transaction of $999,076.50. Following the transaction, the insider now owns 111,447 shares of the company’s stock, valued at $3,560,731.65. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $31.83, for a total value of $1,498,078.95. Following the transaction, the chief financial officer now owns 143,689 shares of the company’s stock, valued at $4,573,620.87. The disclosure for this sale can be found here. Corporate insiders own 1.73% of the company’s stock.

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A number of equities analysts have recently commented on the stock. UBS AG restated a “sell” rating and issued a $22.00 price objective (down from $24.00) on shares of Teradata Corporation in a research report on Friday, June 16th. Needham & Company LLC assumed coverage on shares of Teradata Corporation in a research report on Monday. They issued a “hold” rating for the company. BidaskClub lowered shares of Teradata Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Stifel Nicolaus restated a “hold” rating and issued a $32.00 price objective on shares of Teradata Corporation in a research report on Monday, August 14th. Finally, Sanford C. Bernstein restated an “underperform” rating and issued a $27.00 price objective on shares of Teradata Corporation in a research report on Monday. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $28.75.

Shares of Teradata Corporation (NYSE:TDC) traded up 0.267% during midday trading on Tuesday, reaching $31.875. 441,636 shares of the company were exchanged. The company has a 50 day moving average price of $31.08 and a 200-day moving average price of $30.03. Teradata Corporation has a 12-month low of $26.27 and a 12-month high of $33.32. The stock has a market capitalization of $4.02 billion, a P/E ratio of 41.558 and a beta of 1.25.

Teradata Corporation (NYSE:TDC) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.22 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The business had revenue of $513.00 million during the quarter, compared to the consensus estimate of $519.79 million. During the same period in the prior year, the company posted $0.71 EPS. The firm’s revenue for the quarter was down 14.4% compared to the same quarter last year. On average, analysts forecast that Teradata Corporation will post $1.25 earnings per share for the current fiscal year.

Teradata Corporation Profile

Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.

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Institutional Ownership by Quarter for Teradata Corporation (NYSE:TDC)

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