Ameriprise Financial Inc. Raises Holdings in Teradata Co. (NYSE:TDC)

Ameriprise Financial Inc. increased its position in Teradata Co. (NYSE:TDC) by 21.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,731,175 shares of the technology company’s stock after acquiring an additional 1,342,494 shares during the quarter. Ameriprise Financial Inc. owned about 7.65% of Teradata worth $311,412,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE raised its position in shares of Teradata by 10.9% in the first quarter. US Bancorp DE now owns 2,575 shares of the technology company’s stock valued at $104,000 after purchasing an additional 253 shares during the period. Xponance Inc. raised its holdings in Teradata by 1.4% during the 1st quarter. Xponance Inc. now owns 18,994 shares of the technology company’s stock valued at $765,000 after acquiring an additional 265 shares during the period. Global Retirement Partners LLC lifted its position in shares of Teradata by 40.5% during the first quarter. Global Retirement Partners LLC now owns 1,031 shares of the technology company’s stock worth $42,000 after acquiring an additional 297 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Teradata by 14.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,602 shares of the technology company’s stock worth $88,000 after acquiring an additional 329 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Teradata by 1.5% in the first quarter. Victory Capital Management Inc. now owns 23,220 shares of the technology company’s stock valued at $935,000 after purchasing an additional 334 shares in the last quarter. 91.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Teradata

In other news, CRO Todd Cione sold 41,472 shares of Teradata stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $45.00, for a total value of $1,866,240.00. Following the transaction, the executive now owns 126,426 shares in the company, valued at $5,689,170. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CRO Todd Cione sold 41,472 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $45.00, for a total transaction of $1,866,240.00. Following the completion of the sale, the executive now owns 126,426 shares of the company’s stock, valued at $5,689,170. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kathleen R. Cullen-Cote sold 6,000 shares of Teradata stock in a transaction on Friday, August 11th. The stock was sold at an average price of $45.50, for a total transaction of $273,000.00. Following the completion of the transaction, the insider now directly owns 123,769 shares in the company, valued at $5,631,489.50. The disclosure for this sale can be found here. Insiders sold a total of 83,324 shares of company stock worth $3,746,914 over the last three months. Company insiders own 0.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TDC shares. StockNews.com began coverage on Teradata in a report on Wednesday, August 23rd. They set a “strong-buy” rating on the stock. TheStreet cut shares of Teradata from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Barclays lowered their target price on shares of Teradata from $47.00 to $46.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 8th. Citigroup boosted their price target on shares of Teradata from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, Craig Hallum increased their price objective on Teradata from $50.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.00.

Teradata Trading Up 1.4 %

Shares of TDC stock opened at $44.86 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 2.58. The firm has a market cap of $4.48 billion, a P/E ratio of 78.70, a price-to-earnings-growth ratio of 2.47 and a beta of 0.98. The business has a 50-day moving average price of $49.57 and a two-hundred day moving average price of $45.86. Teradata Co. has a 12-month low of $28.65 and a 12-month high of $57.73.

Teradata (NYSE:TDC) last issued its earnings results on Monday, August 7th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $462.00 million during the quarter, compared to analyst estimates of $445.09 million. Teradata had a return on equity of 32.47% and a net margin of 3.21%. Teradata’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Equities analysts anticipate that Teradata Co. will post 1.02 EPS for the current fiscal year.

Teradata Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.