Bank of America Corp DE Purchases Shares of 1,294,933 Teradata Corporation $TDC

Key Points

• Bank of America acquired 1,294,933 Teradata shares worth approximately $44.9 million, giving it a 1.39% stake. Institutional investors and hedge funds collectively own 90.31% of Teradata.
• Analysts have a consensus “Hold” rating with an average price target of $34.33, although recent targets ranged from $27 to $49 as several firms lowered their estimates.
• Teradata exceeded quarterly expectations, reporting $0.69 in EPS versus a $0.56 consensus estimate and $410 million in revenue. The stock opened at $29.36, while executives disclosed planned sales of company shares.

Bank of America Corp DE purchased a new position in shares of Teradata Corporation (NYSE:TDC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,294,933 shares of the technology company's stock, valued at approximately $44,869,000. Bank of America Corp DE owned 1.39% of Teradata as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TDC. L2 Asset Management LLC grew its holdings in Teradata by 2.1% in the 4th quarter. L2 Asset Management LLC now owns 18,250 shares of the technology company's stock valued at $556,000 after buying an additional 376 shares during the period. Twin Capital Management Inc. increased its stake in shares of Teradata by 2.0% during the 1st quarter. Twin Capital Management Inc. now owns 21,019 shares of the technology company's stock valued at $539,000 after acquiring an additional 405 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of Teradata by 13.6% during the 4th quarter. Rothschild Investment LLC now owns 3,550 shares of the technology company's stock worth $108,000 after acquiring an additional 425 shares during the period. GAMMA Investing LLC increased its position in Teradata by 10.6% during the second quarter. GAMMA Investing LLC now owns 5,646 shares of the technology company's stock worth $196,000 after purchasing an additional 541 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in Teradata by 20.7% during the fourth quarter. Hantz Financial Services Inc. now owns 4,268 shares of the technology company's stock worth $130,000 after purchasing an additional 733 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays decreased their price target on shares of Teradata from $28.00 to $27.00 and set an "underweight" rating on the stock in a report on Wednesday, August 5th. Citigroup dropped their price objective on Teradata from $39.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Morgan Stanley restated an "equal weight" rating and set a $29.00 price target (down from $35.00) on shares of Teradata in a research note on Monday, August 10th. UBS Group cut their price objective on Teradata from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Citizens Jmp reiterated a "market outperform" rating and set a $49.00 price objective on shares of Teradata in a research note on Wednesday, June 10th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $34.33.

Teradata Trading Up 1.6%

TDC opened at $29.36 on Tuesday. The firm's 50 day moving average is $28.78 and its 200-day moving average is $29.64. Teradata Corporation has a 52-week low of $20.33 and a 52-week high of $41.78. 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 firm has a market capitalization of $2.73 billion, a P/E ratio of 6.18, a P/E/G ratio of 2.14 and a beta of 0.58.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.13. Teradata had a net margin of 27.08% and a return on equity of 47.25%. The firm had revenue of $410.00 million for the quarter, compared to the consensus estimate of $396.13 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm's quarterly revenue was up .5% on a year-over-year basis. 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 expect that Teradata Corporation will post 1.79 EPS for the current fiscal year.

Insider Buying and Selling at Teradata

In other news, COO Michael D. Hutchinson sold 48,077 shares of the company's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $30.00, for a total value of $1,442,310.00. Following the sale, the chief operating officer owned 171,927 shares in the company, valued at approximately $5,157,810. This represents a 21.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Mcmillan sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 752,446 shares in the company, 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. 0.96% of the stock is owned by company insiders.

Teradata Profile

Teradata Corporation NYSE: TDC is a data and analytics company that provides cloud-based and enterprise data-management solutions. Its platform is designed to help organizations collect, integrate, govern and analyze data from multiple sources, supporting business intelligence, advanced analytics and artificial intelligence initiatives.

The company's offerings include Teradata Vantage, its analytics and data-platform technology, and VantageCloud, a cloud-based version available through public, private and hybrid cloud environments.

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