Zions Bancorporation N.A. Grows Stock Position in Teradata Co. (NYSE:TDC)

Zions Bancorporation N.A. raised its holdings in Teradata Co. (NYSE:TDC) by 17.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,526 shares of the technology company’s stock after buying an additional 534 shares during the quarter. Zions Bancorporation N.A.’s holdings in Teradata were worth $107,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Crewe Advisors LLC purchased a new position in shares of Teradata in the 2nd quarter worth about $26,000. GAMMA Investing LLC increased its position in Teradata by 88.0% during the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock worth $29,000 after purchasing an additional 447 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in Teradata by 111.4% in the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after buying an additional 507 shares during the period. Allworth Financial LP lifted its position in Teradata by 75.2% during the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after buying an additional 569 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Teradata by 2,934.1% during the third quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock worth $44,000 after buying an additional 1,291 shares during the period. 90.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Hillary Ashton sold 14,962 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the transaction, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. This trade represents a 10.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the sale, the insider now owns 96,783 shares in the company, valued at $2,758,315.50. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on TDC shares. Evercore ISI raised their price objective on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 target price on shares of Teradata in a report on Tuesday, November 5th. TD Cowen lowered their price objective on shares of Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Northland Securities reduced their target price on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Finally, Barclays dropped their price objective on Teradata from $30.00 to $29.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Teradata has an average rating of “Hold” and an average price target of $39.91.

Teradata Stock Performance

Shares of TDC opened at $28.96 on Friday. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 34.47, a price-to-earnings-growth ratio of 2.92 and a beta of 0.80. The company’s fifty day moving average is $30.33 and its 200-day moving average is $31.28. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01. Teradata Co. has a 12 month low of $24.02 and a 12 month high of $49.44.

Teradata (NYSE:TDC) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. The company had revenue of $440.00 million for the quarter, compared to analyst estimates of $417.71 million. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. Equities analysts expect that Teradata Co. will post 1.41 EPS for the current fiscal year.

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.