Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Teradata Co. (NYSE:TDC)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Teradata Co. (NYSE:TDC) by 6.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 25,598 shares of the technology company’s stock after acquiring an additional 1,585 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Teradata were worth $885,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TDC. Sound Income Strategies LLC purchased a new position in shares of Teradata in the 1st quarter worth $31,000. Hexagon Capital Partners LLC lifted its holdings in shares of Teradata by 111.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after acquiring an additional 507 shares during the last quarter. Principal Securities Inc. purchased a new position in Teradata in the fourth quarter worth about $38,000. Blue Trust Inc. grew its position in Teradata by 107.3% in the second quarter. Blue Trust Inc. now owns 2,017 shares of the technology company’s stock worth $70,000 after acquiring an additional 1,044 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in Teradata during the second quarter worth approximately $72,000. Institutional investors own 90.31% of the company’s stock.

Insider Activity

In related news, insider Margaret A. Treese sold 5,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the completion of the sale, the insider now directly owns 96,783 shares of the company’s stock, valued at $2,758,315.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TDC shares. Royal Bank of Canada dropped their target price on Teradata from $40.00 to $32.00 and set a “sector perform” rating for the company in a report on Tuesday, August 6th. UBS Group initiated coverage on shares of Teradata in a research report on Friday, July 19th. They set a “sell” rating and a $32.00 price objective on the stock. Barclays lowered their target price on shares of Teradata from $35.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, August 6th. StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, Bank of America downgraded shares of Teradata from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $48.00 to $39.00 in a research note on Tuesday, May 7th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Teradata has an average rating of “Hold” and an average target price of $40.36.

Teradata Stock Performance

Shares of NYSE:TDC opened at $27.77 on Wednesday. The firm’s 50 day simple moving average is $30.62 and its 200-day simple moving average is $34.04. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.72 and a current ratio of 0.75. Teradata Co. has a one year low of $24.02 and a one year high of $49.44. The firm has a market cap of $2.67 billion, a PE ratio of 66.12, a price-to-earnings-growth ratio of 2.62 and a beta of 0.80.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.16. The company had revenue of $436.00 million for the quarter, compared to analysts’ expectations of $447.30 million. Teradata had a return on equity of 114.57% and a net margin of 3.45%. Teradata’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. As a group, equities analysts predict that Teradata Co. will post 1.3 EPS for the current year.

Teradata Company Profile

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.