Teradata Co. (NYSE:TDC) Holdings Cut by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in shares of Teradata Co. (NYSE:TDC – Get Rating) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,154,591 shares of the technology company’s stock after selling 16,689 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.13% of Teradata worth $35,861,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ronald Blue Trust Inc. bought a new position in Teradata during the 2nd quarter worth $26,000. Canada Pension Plan Investment Board bought a new position in shares of Teradata during the first quarter worth about $44,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Teradata in the 2nd quarter worth about $43,000. Quantbot Technologies LP bought a new stake in Teradata in the 1st quarter valued at about $71,000. Finally, Lazard Asset Management LLC boosted its stake in Teradata by 48.6% during the 1st quarter. Lazard Asset Management LLC now owns 1,933 shares of the technology company’s stock valued at $95,000 after purchasing an additional 632 shares during the period. 90.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup lifted their price target on Teradata from $43.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, February 15th. Guggenheim began coverage on Teradata in a research note on Thursday, January 26th. They issued a “neutral” rating for the company. Morgan Stanley lifted their price objective on shares of Teradata from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, February 14th. Royal Bank of Canada upped their price objective on shares of Teradata from $37.00 to $43.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 14th. Finally, Craig Hallum raised their target price on shares of Teradata from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, February 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.00.

Insider Transactions at Teradata

In related news, CRO Todd Cione sold 16,840 shares of Teradata stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $33.56, for a total value of $565,150.40. Following the transaction, the executive now owns 145,926 shares of the company’s stock, valued at approximately $4,897,276.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Teradata news, CRO Todd Cione sold 16,840 shares of the company’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $33.56, for a total transaction of $565,150.40. Following the completion of the sale, the executive now directly owns 145,926 shares of the company’s stock, valued at $4,897,276.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kathleen R. Cullen-Cote sold 24,400 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $40.78, for a total transaction of $995,032.00. Following the completion of the transaction, the insider now owns 121,489 shares of the company’s stock, valued at $4,954,321.42. The disclosure for this sale can be found here. Insiders have sold 46,240 shares of company stock valued at $1,760,182 over the last three months. Company insiders own 0.69% of the company’s stock.

Teradata Stock Performance

NYSE:TDC opened at $37.01 on Tuesday. The company has a 50-day moving average of $36.70 and a 200-day moving average of $33.74. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 123.37, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. Teradata Co. has a twelve month low of $28.65 and a twelve month high of $50.99.

Teradata (NYSE:TDC – Get Rating) last issued its earnings results on Monday, February 13th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $452.00 million during the quarter, compared to analysts’ expectations of $435.63 million. Teradata had a net margin of 1.84% and a return on equity of 28.46%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. Analysts forecast that Teradata Co. will post 0.98 earnings per share for the current fiscal year.

About Teradata

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Teradata Corp. is a cloud data analytics company which is built for a multi-cloud reality and solving data challenges at scale. It operates through the following geographical segments: Americas, EMEA, and APJ. The company was founded on July 13, 1979, and is headquartered in San Diego, CA.