Bank of Montreal Can decreased its holdings in shares of Teradata Co. (NYSE:TDC) by 17.5% in the first quarter, HoldingsChannel reports. The firm owned 20,132 shares of the technology company’s stock after selling 4,266 shares during the period. Bank of Montreal Can’s holdings in Teradata were worth $879,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Menta Capital LLC bought a new position in shares of Teradata during the fourth quarter valued at approximately $233,000. Texas Permanent School Fund increased its position in shares of Teradata by 3.2% during the fourth quarter. Texas Permanent School Fund now owns 77,349 shares of the technology company’s stock valued at $2,967,000 after acquiring an additional 2,411 shares in the last quarter. Piedmont Investment Advisors Inc. increased its position in shares of Teradata by 50.3% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 9,229 shares of the technology company’s stock valued at $354,000 after acquiring an additional 3,090 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Teradata by 346.3% during the fourth quarter. Prudential Financial Inc. now owns 341,900 shares of the technology company’s stock valued at $13,115,000 after acquiring an additional 265,284 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Teradata by 3,695.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,813,738 shares of the technology company’s stock valued at $47,000 after acquiring an additional 1,765,956 shares in the last quarter. 95.41% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Mark Culhane bought 1,400 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were bought at an average price of $39.35 per share, for a total transaction of $55,090.00. Following the completion of the acquisition, the chief financial officer now owns 57,485 shares of the company’s stock, valued at approximately $2,262,034.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisa R. Bacus sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $48.04, for a total transaction of $576,480.00. Following the completion of the sale, the director now owns 22,486 shares in the company, valued at approximately $1,080,227.44. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.
Shares of TDC opened at $34.41 on Friday. The company has a market cap of $4.19 billion, a P/E ratio of 39.10, a PEG ratio of 2.79 and a beta of 0.97. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 1.19. Teradata Co. has a twelve month low of $34.06 and a twelve month high of $49.42.
Teradata (NYSE:TDC) last issued its earnings results on Thursday, May 2nd. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Teradata had a net margin of 1.27% and a return on equity of 20.91%. The company had revenue of $468.00 million for the quarter, compared to analysts’ expectations of $487.57 million. During the same quarter last year, the company posted $0.19 earnings per share. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. On average, sell-side analysts anticipate that Teradata Co. will post 0.99 EPS for the current fiscal year.
Several equities research analysts recently weighed in on TDC shares. Zacks Investment Research raised shares of Teradata from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Saturday, February 2nd. BMO Capital Markets reissued a “market perform” rating and set a $45.00 price target (up previously from $40.00) on shares of Teradata in a research report on Friday, February 8th. Cowen raised their price target on shares of Teradata from $51.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 11th. TheStreet raised shares of Teradata from a “c+” rating to a “b-” rating in a research report on Friday, February 8th. Finally, ValuEngine raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $48.13.
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Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.
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