Key Points
- Teradata CEO Stephen McMillan sold 10,000 shares for $325,100 at an average price of $32.51 under a pre-arranged Rule 10b5-1 plan; he retained 742,446 shares after the sale.
- Teradata reported quarterly EPS of $0.70, above the $0.58 consensus, and revenue of $399 million, also ahead of expectations, though revenue fell 4.1% year over year.
- Analysts’ average rating was Hold, with an average price target of $36.12; ratings included three Buys, five Holds, and one Sell.
Teradata Corporation (NYSE:TDC - Get Free Report) CEO Stephen Mcmillan sold 10,000 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $32.51, for a total transaction of $325,100.00. Following the completion of the transaction, the chief executive officer directly owned 742,446 shares in the company, valued at $24,136,919.46. The trade was a 1.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Stephen Mcmillan also recently made the following trade(s):
- On Tuesday, September 15th, Stephen Mcmillan sold 10,000 shares of Teradata stock. The stock was sold at an average price of $30.02, for a total transaction of $300,200.00.
Teradata Stock Performance
NYSE TDC opened at $32.77 on Wednesday. Teradata Corporation has a 52-week low of $23.86 and a 52-week high of $41.78. The company has a fifty day moving average of $30.72 and a 200-day moving average of $30.03. The company has a market capitalization of $3.00 billion, a P/E ratio of 6.93, a P/E/G ratio of 2.03 and a beta of 0.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.92 and a current ratio of 0.94.
Teradata (NYSE:TDC - Get Free Report) last released its earnings results on Thursday, November 5th. The technology company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.12. The business had revenue of $399.00 million for the quarter, compared to analysts' expectations of $395.66 million. Teradata had a return on equity of 35.61% and a net margin of 27.24%. The firm's revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share. As a group, equities research analysts predict that Teradata Corporation will post 1.85 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Morgan Stanley cut Teradata from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $35.00 to $29.00 in a report on Monday, August 10th. Barclays raised their price objective on Teradata from $27.00 to $28.00 and gave the company an "underweight" rating in a report on Friday, November 6th. Royal Bank Of Canada restated a "sector perform" rating and issued a $34.00 target price on shares of Teradata in a research report on Thursday, July 16th. Weiss Ratings raised Teradata from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday. Finally, UBS Group cut their target price on Teradata from $36.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, September 21st. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Teradata has an average rating of "Hold" and an average price target of $36.12.
Get Our Latest Report on TDC
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Boston Partners raised its holdings in Teradata by 28.6% during the 3rd quarter. Boston Partners now owns 3,956,569 shares of the technology company's stock valued at $114,244,000 after buying an additional 879,016 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Teradata during the 3rd quarter valued at $2,150,000. Voya Investment Management LLC boosted its position in Teradata by 123.1% during the 3rd quarter. Voya Investment Management LLC now owns 40,333 shares of the technology company's stock valued at $1,163,000 after buying an additional 22,253 shares during the period. Public Sector Pension Investment Board boosted its position in Teradata by 70.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 739,035 shares of the technology company's stock valued at $22,518,000 after buying an additional 306,669 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in Teradata by 86.2% in the 3rd quarter. Global Retirement Partners LLC now owns 2,488 shares of the technology company's stock worth $72,000 after acquiring an additional 1,152 shares during the last quarter. Institutional investors own 90.31% of the company's stock.
Teradata Company Profile
(
Get Free Report)
Teradata provides cloud analytics and data platform services for organizations that manage large, complex data environments. Its offerings support the collection, integration, storage and analysis of data to help customers generate insights and build data-driven applications. The company's portfolio includes Teradata VantageCloud, which supports cloud and hybrid deployments, and ClearScape Analytics, a set of tools for applying advanced analytics and artificial intelligence to data. Teradata also offers consulting, implementation and support services to help customers design and manage their data environments.
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