Teradata Co. (NYSE:TDC) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. decreased its position in Teradata Co. (NYSE:TDC) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,923 shares of the technology company’s stock after selling 538 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Teradata were worth $965,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TDC. Crewe Advisors LLC bought a new position in Teradata in the 2nd quarter worth approximately $26,000. Sound Income Strategies LLC bought a new stake in Teradata during the 1st quarter valued at $31,000. Hexagon Capital Partners LLC boosted its position in 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 acquiring an additional 507 shares during the period. Principal Securities Inc. bought a new position in shares of Teradata in the fourth quarter worth $38,000. Finally, Blue Trust Inc. increased its holdings in shares of Teradata by 107.3% during the second quarter. Blue Trust Inc. now owns 2,017 shares of the technology company’s stock valued at $70,000 after purchasing an additional 1,044 shares during the period. Institutional investors and hedge funds own 90.31% of the company’s stock.

Teradata Trading Up 2.6 %

Shares of NYSE TDC opened at $28.51 on Friday. The business has a fifty day simple moving average of $29.54 and a 200-day simple moving average of $33.53. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 67.88, a P/E/G ratio of 2.57 and a beta of 0.80. Teradata Co. has a 12 month low of $24.02 and a 12 month high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 6.87.

Teradata (NYSE:TDC) last announced its earnings results on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.48 by $0.16. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The company had revenue of $436.00 million during the quarter, compared to analysts’ expectations of $447.30 million. During the same period last year, the company posted $0.20 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. Sell-side analysts predict that Teradata Co. will post 1.3 EPS for the current year.

Insiders Place Their Bets

In other news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total value of $411,903.86. Following the completion of the sale, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Hillary Ashton sold 14,962 shares of the company’s 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 owns 121,382 shares in the company, valued at approximately $3,341,646.46. The sale 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 firm’s 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 owns 96,783 shares of the company’s stock, valued at $2,758,315.50. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

TDC has been the subject of several research analyst reports. UBS Group began coverage on shares of Teradata in a report on Friday, July 19th. They issued a “sell” rating and a $32.00 price objective for the company. Morgan Stanley cut their target price on Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Guggenheim reiterated a “buy” rating and set a $60.00 price target on shares of Teradata in a research report on Tuesday, June 25th. Evercore ISI cut their price objective on Teradata from $46.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Finally, Northland Securities decreased their target price on Teradata from $49.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.36.

Teradata 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.