Teradata (NYSE:TDC) CEO Stephen Mcmillan Sells 10,000 Shares of Stock

Teradata Corporation (NYSE:TDC) CEO Stephen Mcmillan sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $32.51, for a total transaction of $325,100.00. Following the completion of the sale, the chief executive officer directly owned 742,446 shares in the company, valued at approximately $24,136,919.46. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stephen Mcmillan also recently made the following trade(s):

• On Tuesday, September 15th, Stephen Mcmillan sold 10,000 shares of Teradata stock. The shares were sold at an average price of $30.02, for a total transaction of $300,200.00.

Teradata Stock Up 1.4%

TDC opened at $32.77 on Wednesday. The company has a 50 day moving average of $30.72 and a 200 day moving average of $30.03. The company has a market cap of $3.00 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 2.03 and a beta of 0.61. Teradata Corporation has a 12 month low of $23.86 and a 12 month high of $41.78. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.07.

Teradata (NYSE:TDC) last released its quarterly earnings data on Thursday, November 5th. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. Teradata had a net margin of 27.24% and a return on equity of 35.61%. The business had revenue of $399.00 million during the quarter, compared to analyst estimates of $395.66 million. During the same period in the previous year, the business earned $0.72 EPS. Teradata’s revenue was down 4.1% compared to the same quarter last year. On average, sell-side analysts expect that Teradata Corporation will post 1.85 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on TDC. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $34.00 price target on shares of Teradata in a research report on Thursday, July 16th. Weiss Ratings raised Teradata from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. UBS Group dropped their price objective on Teradata from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, September 21st. Morgan Stanley downgraded Teradata from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $35.00 to $29.00 in a research note on Monday, August 10th. Finally, Citigroup lifted their target price on Teradata from $36.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 30th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Teradata currently has a consensus rating of “Hold” and an average target price of $36.12.

Institutional Investors Weigh In On Teradata

Several large investors have recently added to or reduced their stakes in TDC. Boston Partners raised its holdings in shares of Teradata by 28.6% in the 3rd quarter. Boston Partners now owns 3,956,569 shares of the technology company’s stock valued at $114,244,000 after acquiring an additional 879,016 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Teradata during the third quarter worth about $2,150,000. Voya Investment Management LLC grew its holdings in shares of Teradata by 123.1% during the third quarter. Voya Investment Management LLC now owns 40,333 shares of the technology company’s stock worth $1,163,000 after purchasing an additional 22,253 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Teradata by 70.9% during the third quarter. Public Sector Pension Investment Board now owns 739,035 shares of the technology company’s stock worth $22,518,000 after purchasing an additional 306,669 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Teradata by 86.2% during the third quarter. Global Retirement Partners LLC now owns 2,488 shares of the technology company’s stock worth $72,000 after purchasing an additional 1,152 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

About Teradata

Teradata provides cloud analytics and data platform services for organizations that manage large, complex data environments. Its offerings support the collection, integration, storage and analysis of data to help customers generate insights and build data-driven applications. The company’s portfolio includes Teradata VantageCloud, which supports cloud and hybrid deployments, and ClearScape Analytics, a set of tools for applying advanced analytics and artificial intelligence to data. Teradata also offers consulting, implementation and support services to help customers design and manage their data environments.