Sumitomo Mitsui Trust Holdings Inc. Acquires Shares of 4,898 Teradata Co. (NYSE:TDC)

Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Teradata Co. (NYSE:TDC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,898 shares of the technology company’s stock, valued at approximately $213,000.

A number of other hedge funds have also recently modified their holdings of TDC. Orion Portfolio Solutions LLC boosted its stake in shares of Teradata by 3.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,583 shares of the technology company’s stock valued at $341,000 after purchasing an additional 259 shares in the last quarter. Fifth Third Bancorp boosted its stake in Teradata by 6.8% during the third quarter. Fifth Third Bancorp now owns 4,336 shares of the technology company’s stock worth $195,000 after acquiring an additional 276 shares in the last quarter. HB Wealth Management LLC boosted its stake in Teradata by 4.5% during the fourth quarter. HB Wealth Management LLC now owns 6,488 shares of the technology company’s stock worth $282,000 after acquiring an additional 280 shares in the last quarter. Gotham Asset Management LLC boosted its stake in Teradata by 3.4% during the third quarter. Gotham Asset Management LLC now owns 9,538 shares of the technology company’s stock worth $429,000 after acquiring an additional 311 shares in the last quarter. Finally, Heron Bay Capital Management boosted its stake in Teradata by 3.3% during the fourth quarter. Heron Bay Capital Management now owns 10,895 shares of the technology company’s stock worth $474,000 after acquiring an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TDC. Morgan Stanley lowered shares of Teradata from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $74.00 to $48.00 in a research note on Tuesday, February 13th. Royal Bank of Canada dropped their target price on shares of Teradata from $59.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 13th. Bank of America downgraded shares of Teradata from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $58.00 to $48.00 in a research note on Tuesday, February 13th. JMP Securities reiterated a “market outperform” rating and issued a $72.00 target price on shares of Teradata in a research note on Tuesday, February 13th. Finally, Barclays dropped their target price on shares of Teradata from $43.00 to $39.00 and set an “underweight” rating on the stock in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.90.

Insider Buying and Selling at Teradata

In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the completion of the sale, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the completion of the transaction, the chief executive officer now directly owns 528,302 shares in the company, valued at $20,191,702.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $37.57, for a total transaction of $987,151.75. Following the completion of the transaction, the insider now owns 127,595 shares of the company’s stock, valued at $4,793,744.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,615 shares of company stock valued at $2,903,644. Insiders own 0.92% of the company’s stock.

Teradata Stock Up 0.2 %

TDC opened at $37.68 on Friday. Teradata Co. has a twelve month low of $35.36 and a twelve month high of $57.73. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 61.77, a PEG ratio of 1.64 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 4.02. The firm has a 50 day moving average price of $37.79 and a 200-day moving average price of $42.69.

Teradata (NYSE:TDC) last announced its earnings results on Monday, February 12th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The business had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $455.84 million. During the same period in the prior year, the company earned $0.05 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. Equities research analysts forecast that Teradata Co. will post 1.27 earnings per share for the current year.

About Teradata

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.