Handelsbanken Fonder AB Has $936,000 Position in Teradata Co. (NYSE:TDC)

Handelsbanken Fonder AB grew its stake in shares of Teradata Co. (NYSE:TDC) by 37.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 21,504 shares of the technology company’s stock after buying an additional 5,900 shares during the period. Handelsbanken Fonder AB’s holdings in Teradata were worth $936,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TDC. North Star Investment Management Corp. acquired a new position in shares of Teradata during the fourth quarter valued at about $26,000. Smithfield Trust Co acquired a new position in shares of Teradata during the third quarter valued at about $34,000. CWM LLC raised its position in shares of Teradata by 108.1% during the third quarter. CWM LLC now owns 1,833 shares of the technology company’s stock valued at $83,000 after buying an additional 952 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Teradata by 173.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,914 shares of the technology company’s stock valued at $83,000 after buying an additional 1,213 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Teradata by 6.8% during the third quarter. Fifth Third Bancorp now owns 4,336 shares of the technology company’s stock valued at $195,000 after buying an additional 276 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Teradata Price Performance

Shares of Teradata stock opened at $37.67 on Monday. Teradata Co. has a 1-year low of $35.36 and a 1-year high of $57.73. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 4.02. The firm’s 50-day moving average price is $37.79 and its two-hundred day moving average price is $42.59. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 61.75, a P/E/G ratio of 1.66 and a beta of 0.95.

Teradata (NYSE:TDC) last released its quarterly earnings results on Monday, February 12th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $455.84 million. During the same period in the prior year, the firm earned $0.05 earnings per share. Teradata’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that Teradata Co. will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Stephen Mcmillan sold 40,597 shares of the 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 sale, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Stephen Mcmillan sold 40,597 shares of the 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 transaction, the chief executive officer now directly owns 528,302 shares in the company, valued at $20,191,702.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kathleen R. Cullen-Cote sold 26,275 shares of the stock in a transaction 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 sale, the insider now owns 127,595 shares in the company, valued at $4,793,744.15. The disclosure for this sale can be found here. Insiders have sold 76,615 shares of company stock valued at $2,903,644 over the last three months. 0.86% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TDC. StockNews.com cut shares of Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Morgan Stanley cut shares of Teradata from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $74.00 to $48.00 in a research note on Tuesday, February 13th. Royal Bank of Canada lowered 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. Citigroup upped their target price on shares of Teradata from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, JMP Securities reissued a “market outperform” rating and issued a $72.00 target price on shares of Teradata in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.90.

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.