Insider Selling: Teradata (NYSE:TDC) CEO Sells $325,100.00 in Stock

Teradata Corporation (NYSE:TDC) CEO Stephen Mcmillan sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $32.51, for a total transaction of $325,100.00. Following the sale, the chief executive officer owned 742,446 shares in the company, valued at $24,136,919.46. This represents a 1.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stephen Mcmillan also recently made the following trade(s):

• On Tuesday, September 15th, Stephen Mcmillan sold 10,000 shares of Teradata stock. The stock was sold at an average price of $30.02, for a total transaction of $300,200.00.

Teradata Trading Up 1.4%

Teradata stock traded up $0.45 during midday trading on Tuesday, reaching $32.77. The stock had a trading volume of 3,014,595 shares, compared to its average volume of 2,300,227. Teradata Corporation has a twelve month low of $23.86 and a twelve month high of $41.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 2.57 and a beta of 0.61. The firm’s fifty day simple moving average is $30.65 and its two-hundred day simple moving average is $30.02.

Teradata (NYSE:TDC) last announced its earnings results on Thursday, November 5th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.12. The company had revenue of $399.00 million for the quarter, compared to the consensus estimate of $395.66 million. Teradata had a net margin of 27.08% and a return on equity of 47.25%. The company’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. Equities analysts anticipate that Teradata Corporation will post 1.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TDC has been the subject of several research analyst reports. UBS Group reduced their price objective on Teradata from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, September 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradata in a research note on Monday, September 21st. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $34.00 target price on shares of Teradata in a report on Thursday, July 16th. Wall Street Zen raised shares of Teradata from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Citigroup raised their price target on shares of Teradata from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $36.12.

Hedge Funds Weigh In On Teradata

A number of hedge funds have recently modified their holdings of TDC. BlackRock Inc. acquired a new stake in Teradata during the second quarter valued at $567,999,000. Dimensional Fund Advisors LP increased its position in Teradata by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,906,221 shares of the technology company’s stock worth $48,853,000 after purchasing an additional 200,477 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Teradata by 20.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,399,452 shares of the technology company’s stock worth $35,868,000 after purchasing an additional 241,550 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Teradata by 21.7% during the 1st quarter. Bank of America Corp DE now owns 1,320,653 shares of the technology company’s stock worth $33,848,000 after purchasing an additional 235,116 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Teradata by 1,158.9% during the 1st quarter. Quantinno Capital Management LP now owns 1,294,502 shares of the technology company’s stock worth $33,178,000 after purchasing an additional 1,191,677 shares in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Teradata Company Profile

Teradata provides cloud analytics and data platform services for organizations that manage large, complex data environments. Its offerings support the collection, integration, storage and analysis of data to help customers generate insights and build data-driven applications. The company’s portfolio includes Teradata VantageCloud, which supports cloud and hybrid deployments, and ClearScape Analytics, a set of tools for applying advanced analytics and artificial intelligence to data. Teradata also offers consulting, implementation and support services to help customers design and manage their data environments.