78,887 Teradata Corporation $TDC Shares Sold by Sterling Capital Management LLC

Key Points

• Sterling Capital Management cut its Teradata stake by 85.3%, selling 78,887 shares in the third quarter and retaining 13,647 shares worth approximately $394,000.
• Teradata reported quarterly earnings of $0.69 per share, beating estimates of $0.56, while revenue reached $410 million versus the $396.13 million consensus estimate.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $34.33; Teradata shares recently traded at $34.55.

Sterling Capital Management LLC reduced its position in Teradata Corporation (NYSE:TDC - Free Report) by 85.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,647 shares of the technology company's stock after selling 78,887 shares during the quarter. Sterling Capital Management LLC's holdings in Teradata were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Teradata during the 2nd quarter valued at $567,999,000. Dimensional Fund Advisors LP boosted its holdings in Teradata by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,906,221 shares of the technology company's stock worth $48,853,000 after buying an additional 200,477 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Teradata by 20.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,399,452 shares of the technology company's stock worth $35,868,000 after buying an additional 241,550 shares during the period. Bank of America Corp DE boosted its holdings in Teradata by 21.7% in the 1st quarter. Bank of America Corp DE now owns 1,320,653 shares of the technology company's stock worth $33,848,000 after buying an additional 235,116 shares during the period. Finally, Quantinno Capital Management LP increased its stake in Teradata by 1,158.9% in the 1st quarter. Quantinno Capital Management LP now owns 1,294,502 shares of the technology company's stock worth $33,178,000 after buying an additional 1,191,677 shares in the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Teradata Trading Up 0.6%

TDC opened at $34.55 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.08. The stock's fifty day moving average is $29.88 and its two-hundred day moving average is $29.92. The company has a market capitalization of $3.21 billion, a P/E ratio of 7.27, a PEG ratio of 2.55 and a beta of 0.62. Teradata Corporation has a 52 week low of $20.54 and a 52 week high of $41.78.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.13. Teradata had a net margin of 27.08% and a return on equity of 47.25%. The company had revenue of $410.00 million during the quarter, compared to analyst estimates of $396.13 million. During the same period in the prior year, the firm earned $0.47 earnings per share. The firm's revenue for the quarter was up .5% compared to the same quarter last year. Teradata has set its Q3 2026 guidance at 0.550-0.590 EPS and its FY 2026 guidance at 2.650-2.730 EPS. Analysts forecast that Teradata Corporation will post 1.79 earnings per share for the current year.

Analysts Set New Price Targets

TDC has been the topic of several research analyst reports. Morgan Stanley downgraded shares of Teradata from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $35.00 to $29.00 in a report on Monday, August 10th. Barclays cut their target price on shares of Teradata from $28.00 to $27.00 and set an "underweight" rating for the company in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Teradata in a research note on Monday, September 21st. Citigroup decreased their price target on shares of Teradata from $39.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $34.00 price objective on shares of Teradata in a report on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $34.33.

Insider Buying and Selling

In other Teradata news, COO Michael Hutchinson sold 48,077 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $30.00, for a total transaction of $1,442,310.00. Following the completion of the sale, the chief operating officer owned 171,927 shares in the company, valued at $5,157,810. This represents a 21.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Mcmillan sold 10,000 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $30.02, for a total value of $300,200.00. Following the sale, the chief executive officer owned 752,446 shares of the company's stock, valued at approximately $22,588,428.92. This represents a 1.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.96% of the company's stock.

About Teradata

Teradata Corporation NYSE: TDC is a data and analytics technology company that helps organizations collect, manage, analyze and govern large volumes of enterprise data. Its offerings are designed to support business intelligence, advanced analytics, artificial intelligence and machine learning across complex data environments.

The company's portfolio includes Teradata VantageCloud, a cloud analytics platform available through public-cloud and hybrid deployment models, as well as ClearScape Analytics, which provides tools for developing and deploying advanced analytics and AI workloads.

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