Teradata Co. (TDC) Position Lowered by Lapides Asset Management LLC

Lapides Asset Management LLC lowered its stake in Teradata Co. (NYSE:TDC) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 190,700 shares of the technology company’s stock after selling 2,100 shares during the period. Teradata makes up approximately 1.6% of Lapides Asset Management LLC’s investment portfolio, making the stock its 20th biggest position. Lapides Asset Management LLC’s holdings in Teradata were worth $7,334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. bought a new position in shares of Teradata in the fourth quarter worth $207,000. Price Capital Management Inc. bought a new position in shares of Teradata in the fourth quarter worth $242,000. Commerce Bank bought a new position in Teradata in the third quarter valued at about $223,000. PNC Financial Services Group Inc. grew its position in Teradata by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock valued at $213,000 after acquiring an additional 31 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Teradata by 43.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,439 shares of the technology company’s stock valued at $286,000 after acquiring an additional 2,256 shares during the last quarter. Institutional investors own 97.94% of the company’s stock.

In other news, CFO Mark Culhane purchased 4,500 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were purchased at an average cost of $37.66 per share, with a total value of $169,470.00. Following the completion of the purchase, the chief financial officer now owns 29,924 shares of the company’s stock, valued at approximately $1,126,937.84. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.73% of the company’s stock.

A number of research analysts have issued reports on TDC shares. Zacks Investment Research upgraded Teradata from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Tuesday, January 2nd. Summit Redstone upgraded Teradata from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Bank of America decreased their target price on Teradata from $48.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday. Morgan Stanley upgraded Teradata from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $31.00 to $40.00 in a research report on Tuesday, January 23rd. Finally, Deutsche Bank lifted their target price on Teradata from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Tuesday, October 24th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $34.82.

Shares of Teradata Co. (TDC) opened at $35.93 on Tuesday. Teradata Co. has a 12 month low of $27.05 and a 12 month high of $42.74. The company has a market capitalization of $4,235.00, a PE ratio of 35.35, a PEG ratio of 12.54 and a beta of 1.24. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.62 and a current ratio of 1.65.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.18. Teradata had a positive return on equity of 15.54% and a negative net margin of 3.11%. The firm had revenue of $626.00 million for the quarter, compared to analyst estimates of $610.50 million. During the same period last year, the firm posted $0.67 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. sell-side analysts anticipate that Teradata Co. will post 0.93 EPS for the current fiscal year.

Teradata announced that its Board of Directors has approved a share buyback plan on Thursday, February 8th that permits the company to buyback $310.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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Teradata Profile

Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.

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Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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