Ontario Teachers Pension Plan Board Sells 38,251 Shares of Teradata Co. (NYSE:TDC)

Ontario Teachers Pension Plan Board lessened its holdings in Teradata Co. (NYSE:TDC) by 47.2% in the third quarter, HoldingsChannel reports. The fund owned 42,811 shares of the technology company’s stock after selling 38,251 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Teradata were worth $1,299,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TDC. ProShare Advisors LLC boosted its position in shares of Teradata by 8.6% in the first quarter. ProShare Advisors LLC now owns 9,613 shares of the technology company’s stock valued at $372,000 after acquiring an additional 758 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in Teradata by 3.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 65,971 shares of the technology company’s stock worth $2,534,000 after purchasing an additional 2,368 shares during the period. Vanguard Group Inc. lifted its position in Teradata by 3.3% during the first 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. CANADA LIFE ASSURANCE Co lifted its position in Teradata by 2.9% during 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 during the period. Finally, EntryPoint Capital LLC bought a new stake in Teradata during the first quarter worth about $106,000. Institutional investors own 90.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TDC. UBS Group upped their price objective on shares of Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. JMP Securities cut shares of Teradata from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Morgan Stanley cut their price objective on shares of Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 target price on shares of Teradata in a report on Tuesday, November 5th. Finally, StockNews.com raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.91.

Insider Buying and Selling at Teradata

In other Teradata news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the sale, the insider now owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. This represents a 10.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 96,783 shares of the company’s stock, valued at $2,758,315.50. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

Teradata Stock Performance

Teradata stock opened at $29.97 on Thursday. The business has a 50 day moving average of $30.45 and a 200-day moving average of $31.08. Teradata Co. has a 1 year low of $24.02 and a 1 year high of $49.44. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. The company has a market capitalization of $2.87 billion, a P/E ratio of 35.68, a P/E/G ratio of 2.90 and a beta of 0.80.

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