Teradata Co. (NYSE:TDC) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. trimmed its holdings in Teradata Co. (NYSE:TDC) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,594 shares of the technology company’s stock after selling 583 shares during the quarter. Shell Asset Management Co.’s holdings in Teradata were worth $642,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Teradata in the 4th quarter worth $54,332,000. Federated Hermes Inc. lifted its position in shares of Teradata by 616.4% in the 4th quarter. Federated Hermes Inc. now owns 617,653 shares of the technology company’s stock valued at $26,874,000 after acquiring an additional 531,440 shares in the last quarter. Vanguard Group Inc. boosted its stake in Teradata by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 11,841,180 shares of the technology company’s stock worth $457,898,000 after purchasing an additional 377,761 shares during the period. Hawk Ridge Capital Management LP purchased a new position in Teradata during the 4th quarter worth approximately $7,368,000. Finally, Retirement Systems of Alabama lifted its holdings in shares of Teradata by 37.2% in the first quarter. Retirement Systems of Alabama now owns 514,457 shares of the technology company’s stock valued at $19,894,000 after purchasing an additional 139,468 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors.

Teradata Stock Performance

Shares of NYSE:TDC traded up $0.07 during trading on Friday, hitting $31.78. 119,836 shares of the stock were exchanged, compared to its average volume of 1,014,230. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 76.45, a price-to-earnings-growth ratio of 2.13 and a beta of 0.83. The company has a debt-to-equity ratio of 9.83, a quick ratio of 0.77 and a current ratio of 0.78. Teradata Co. has a 1-year low of $30.51 and a 1-year high of $57.73. The company’s fifty day simple moving average is $33.21 and its 200-day simple moving average is $37.67.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $465.00 million for the quarter, compared to analyst estimates of $461.93 million. Teradata had a return on equity of 70.34% and a net margin of 2.31%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. Sell-side analysts expect that Teradata Co. will post 1.15 EPS for the current fiscal year.

Insider Buying and Selling at Teradata

In related news, insider Michael D. Hutchinson sold 18,500 shares of Teradata stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $32.96, for a total transaction of $609,760.00. Following the completion of the sale, the insider now directly owns 55,190 shares of the company’s stock, valued at $1,819,062.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Teradata news, CEO Stephen Mcmillan sold 10,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $31.95, for a total value of $319,500.00. Following the completion of the transaction, the chief executive officer now directly owns 393,579 shares of the company’s stock, valued at $12,574,849.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael D. Hutchinson sold 18,500 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $32.96, for a total value of $609,760.00. Following the sale, the insider now directly owns 55,190 shares in the company, valued at approximately $1,819,062.40. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. TD Cowen decreased their price objective on Teradata from $46.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, May 7th. StockNews.com lowered Teradata from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. Guggenheim restated a “buy” rating and issued a $60.00 target price on shares of Teradata in a research note on Tuesday, June 25th. Barclays lowered their price target on Teradata from $39.00 to $35.00 and set an “underweight” rating for the company in a research note on Tuesday, May 7th. Finally, Royal Bank of Canada cut their price objective on shares of Teradata from $48.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 7th. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Teradata presently has a consensus rating of “Hold” and an average target price of $49.25.

Teradata 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.