Teradata Corporation $TDC Stake Boosted by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its holdings in Teradata Corporation (NYSE:TDC) by 78.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,069 shares of the technology company’s stock after acquiring an additional 28,564 shares during the quarter. Ritholtz Wealth Management’s holdings in Teradata were worth $1,877,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Teradata in the 3rd quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Teradata during the second quarter worth about $30,000. Financial Management Professionals Inc. purchased a new position in shares of Teradata during the second quarter worth about $36,000. Elevation Wealth Partners LLC grew its holdings in shares of Teradata by 587.2% during the second quarter. Elevation Wealth Partners LLC now owns 1,182 shares of the technology company’s stock worth $41,000 after purchasing an additional 1,010 shares in the last quarter. Finally, Nykredit A S bought a new position in shares of Teradata in the second quarter worth approximately $44,000. 90.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TDC. Wall Street Zen downgraded shares of Teradata from a “buy” rating to a “hold” rating in a research note on Sunday. Citigroup boosted their price target on shares of Teradata from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. UBS Group decreased their price target on shares of Teradata from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, September 21st. Barclays increased their price target on shares of Teradata from $27.00 to $28.00 and gave the stock an “underweight” rating in a report on Friday, November 6th. Finally, Morgan Stanley cut shares of Teradata from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $35.00 to $29.00 in a research report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Teradata currently has a consensus rating of “Hold” and a consensus price target of $36.12.

Teradata Price Performance

TDC stock traded up $0.59 during mid-day trading on Friday, hitting $34.77. 3,856,848 shares of the stock were exchanged, compared to its average volume of 2,062,142. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.94 and a quick ratio of 0.92. The business has a fifty day moving average price of $31.05 and a 200 day moving average price of $30.10. Teradata Corporation has a 12 month low of $23.86 and a 12 month high of $41.78. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 2.14 and a beta of 0.61.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Thursday, November 5th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The firm had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $395.66 million. Teradata had a return on equity of 35.61% and a net margin of 27.24%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 EPS. On average, sell-side analysts anticipate that Teradata Corporation will post 1.85 EPS for the current year.

Insider Buying and Selling

In other Teradata news, COO Michael D. Hutchinson sold 48,077 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $30.00, for a total value of $1,442,310.00. Following the completion of the sale, the chief operating officer owned 171,927 shares of the company’s stock, valued at $5,157,810. This represents a 21.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Mcmillan sold 10,000 shares of the 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 transaction, the chief executive officer owned 742,446 shares in the company, valued at $24,136,919.46. The trade was a 1.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 68,077 shares of company stock valued at $2,067,610 in the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

About Teradata

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.