Kornitzer Capital Management Inc. KS cut its stake in Teradata Co. (NYSE:TDC - Free Report) by 89.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,000 shares of the technology company's stock after selling 245,942 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Teradata were worth $880,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of TDC. Crewe Advisors LLC purchased a new position in Teradata in the 2nd quarter valued at approximately $26,000. GAMMA Investing LLC increased its position in shares of Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company's stock valued at $29,000 after buying an additional 447 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Teradata by 111.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company's stock worth $33,000 after buying an additional 507 shares during the last quarter. Allworth Financial LP boosted its position in shares of Teradata by 75.2% in the 3rd quarter. Allworth Financial LP now owns 1,326 shares of the technology company's stock worth $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% in the 3rd quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company's stock valued at $44,000 after acquiring an additional 1,291 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.
TDC opened at $29.88 on Friday. Teradata Co. has a 12 month low of $24.02 and a 12 month high of $49.44. The business has a 50-day moving average of $30.16 and a two-hundred day moving average of $31.56. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.72. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 1.76 and a beta of 0.80.
Teradata (NYSE:TDC - Get Free Report) last released its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.13. The firm 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%. Teradata's revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. On average, research analysts expect that Teradata Co. will post 2.32 earnings per share for the current year.
TDC has been the topic of several recent research reports. Morgan Stanley reduced their price target on shares of Teradata from $44.00 to $30.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 6th. JMP Securities cut Teradata from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 6th. Northland Securities cut their price target on Teradata from $38.00 to $37.00 and set an "outperform" rating for the company in a report on Tuesday. UBS Group increased their price objective on Teradata from $24.00 to $26.00 and gave the company a "sell" rating in a research note on Tuesday. Finally, Barclays cut their target price on shares of Teradata from $30.00 to $29.00 and set an "underweight" rating for the company in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $39.91.
Read Our Latest Research Report on Teradata
In other Teradata news, insider Hillary Ashton sold 14,962 shares of the business's stock in a transaction dated 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 sale, the insider now owns 121,382 shares of the company's stock, valued at approximately $3,341,646.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total value of $411,903.86. Following the transaction, the insider now directly owns 121,382 shares of the company's stock, valued at $3,341,646.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was 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 approximately $2,758,315.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Teradata, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Teradata wasn't on the list.
While Teradata currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.