Shell Asset Management Co. Lowers Stock Position in Teradata Co. (NYSE:TDC)

Shell Asset Management Co. trimmed its position in Teradata Co. (NYSE:TDC) by 3.4% in the 1st quarter, HoldingsChannel reports. 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co increased its stake in shares of Teradata by 2.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 74,755 shares of the technology company’s stock worth $2,891,000 after purchasing an additional 2,096 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in Teradata by 8.9% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 82,330 shares of the technology company’s stock worth $3,184,000 after buying an additional 6,717 shares in the last quarter. Vanguard Group Inc. raised its holdings 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 acquiring an additional 377,761 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Teradata by 3.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 65,971 shares of the technology company’s stock valued at $2,534,000 after acquiring an additional 2,368 shares in the last quarter. Finally, M&G Plc bought a new position in shares of Teradata in the first quarter worth about $1,528,000. Institutional investors own 90.31% of the company’s stock.

Insider Buying and Selling

In other Teradata news, insider Michael D. Hutchinson sold 18,500 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $32.96, for a total transaction of $609,760.00. Following the transaction, the insider now owns 55,190 shares in the company, valued at $1,819,062.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Stephen Mcmillan sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Hutchinson sold 18,500 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $32.96, for a total value of $609,760.00. Following the completion of the transaction, 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. 0.92% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TDC shares. JMP Securities lowered their price target on Teradata from $72.00 to $60.00 and set a “market outperform” rating on the stock in a report on Tuesday, May 7th. Barclays reduced their price objective on shares of Teradata from $39.00 to $35.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 7th. Guggenheim restated a “buy” rating and set a $60.00 target price on shares of Teradata in a research report on Tuesday, June 25th. TD Cowen reduced their price target on shares of Teradata from $46.00 to $40.00 and set a “hold” rating on the stock in a report on Tuesday, May 7th. Finally, UBS Group began coverage on shares of Teradata in a report on Friday, July 19th. They set a “sell” rating and a $32.00 price objective for the company. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $49.25.

Teradata Price Performance

Shares of NYSE TDC traded up $0.07 during mid-day trading on Friday, hitting $31.78. 119,836 shares of the company’s stock traded hands, compared to its average volume of 1,014,230. The company has a market capitalization of $3.07 billion, a P/E ratio of 76.45, a PEG ratio of 2.13 and a beta of 0.83. Teradata Co. has a 1 year low of $30.51 and a 1 year high of $57.73. The company has a debt-to-equity ratio of 9.83, a current ratio of 0.78 and a quick ratio of 0.77. The company’s 50-day moving average is $33.21 and its two-hundred day moving average is $37.67.

Teradata (NYSE:TDC) last issued its quarterly earnings data on Monday, May 6th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $465.00 million for the quarter, compared to the consensus estimate of $461.93 million. Teradata had a return on equity of 70.34% and a net margin of 2.31%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. On average, equities analysts anticipate that Teradata Co. will post 1.15 EPS for the current fiscal year.

Teradata Company 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.