Wedge Capital Management L L P NC reduced its holdings in Teradata Co. (NYSE:TDC) by 35.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,847 shares of the technology company’s stock after selling 4,366 shares during the period. Wedge Capital Management L L P NC’s holdings in Teradata were worth $243,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. AdvisorNet Financial Inc acquired a new stake in Teradata in the 3rd quarter valued at $39,000. Advisory Services Network LLC increased its stake in Teradata by 25.4% in the 2nd quarter. Advisory Services Network LLC now owns 1,347 shares of the technology company’s stock valued at $48,000 after buying an additional 273 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Teradata by 239.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,390 shares of the technology company’s stock valued at $122,000 after buying an additional 2,390 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in Teradata in the 2nd quarter valued at $201,000. Finally, Zebra Capital Management LLC acquired a new stake in Teradata in the 2nd quarter valued at $222,000. Hedge funds and other institutional investors own 99.12% of the company’s stock.
Several brokerages have issued reports on TDC. Morgan Stanley lowered their price target on shares of Teradata from $58.00 to $53.00 and set an “overweight” rating on the stock in a research note on Friday. Royal Bank of Canada lowered their price target on shares of Teradata to $40.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Barclays set a $27.00 price target on shares of Teradata and gave the company a “sell” rating in a research note on Friday, November 1st. Cowen lowered shares of Teradata from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $53.00 to $29.00 in a research note on Friday. Finally, ValuEngine lowered shares of Teradata from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $34.00.
Teradata (NYSE:TDC) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. Teradata had a net margin of 1.07% and a return on equity of 23.03%. The company had revenue of $459.00 million during the quarter, compared to the consensus estimate of $485.62 million. During the same quarter last year, the firm posted $0.36 EPS. The company’s quarterly revenue was down 12.7% on a year-over-year basis. As a group, research analysts forecast that Teradata Co. will post 0.94 EPS for the current fiscal year.
Teradata declared that its Board of Directors has approved a share repurchase plan on Thursday, August 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to buy up to 11.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
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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