Portside Wealth Group LLC Trims Stock Holdings in Teradata Co. (NYSE:TDC)

Portside Wealth Group LLC lowered its position in shares of Teradata Co. (NYSE:TDC) by 11.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,627 shares of the technology company’s stock after selling 1,954 shares during the quarter. Portside Wealth Group LLC’s holdings in Teradata were worth $506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDC. Norges Bank acquired a new stake in Teradata during the fourth quarter valued at approximately $54,332,000. M&G Plc raised its stake in Teradata by 2,920.3% during the second quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock valued at $41,429,000 after buying an additional 1,144,492 shares in the last quarter. Ariel Investments LLC acquired a new stake in Teradata during the first quarter valued at approximately $30,998,000. Federated Hermes Inc. raised its stake in Teradata by 616.4% during the fourth quarter. Federated Hermes Inc. now owns 617,653 shares of the technology company’s stock valued at $26,874,000 after buying an additional 531,440 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Teradata by 3.3% during the first quarter. Vanguard Group Inc. now owns 11,841,180 shares of the technology company’s stock valued at $457,898,000 after buying an additional 377,761 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Teradata Stock Performance

TDC traded up $0.22 during trading hours on Friday, hitting $27.60. The company’s stock had a trading volume of 654,975 shares, compared to its average volume of 1,180,630. Teradata Co. has a fifty-two week low of $24.02 and a fifty-two week high of $49.44. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. The firm has a market capitalization of $2.65 billion, a PE ratio of 65.71, a PEG ratio of 2.55 and a beta of 0.84. The company has a 50-day simple moving average of $32.04 and a 200 day simple moving average of $35.76.

Teradata (NYSE:TDC) last posted its earnings results on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.48 by $0.16. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The firm had revenue of $436.00 million for the quarter, compared to analysts’ expectations of $447.30 million. During the same period last year, the firm earned $0.20 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. As a group, sell-side analysts expect that Teradata Co. will post 1.26 EPS for the current year.

Wall Street Analyst Weigh In

TDC has been the topic of several research reports. Bank of America cut Teradata from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $48.00 to $39.00 in a research note on Tuesday, May 7th. UBS Group assumed coverage on Teradata in a research report on Friday, July 19th. They set a “sell” rating and a $32.00 price target on the stock. Evercore ISI dropped their price target on Teradata from $46.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Royal Bank of Canada dropped their price target on Teradata from $40.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 6th. Finally, TD Cowen dropped their price target on Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.36.

Insider Buying and Selling at Teradata

In other Teradata news, CEO Stephen Mcmillan sold 10,000 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $31.95, for a total transaction 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 approximately $12,574,849.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.92% of the stock is currently owned by corporate insiders.

About Teradata

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.