VIRGINIA RETIREMENT SYSTEMS ET Al Buys 31,300 Shares of Teradata Corporation $TDC

Key Points

• Virginia Retirement Systems increased its Teradata stake by 43.4% in the third quarter, purchasing 31,300 shares and bringing its holdings to 103,459 shares valued at approximately $2.98 million.
• Institutional investors own 90.31% of Teradata, while company insiders own 0.96%; the COO and CEO recently sold shares under pre-arranged Rule 10b5-1 trading plans.
• Analyst sentiment remains mixed, with Teradata carrying an average “Hold” rating and a consensus price target of $34.78. The company recently exceeded quarterly EPS and revenue expectations.

VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Teradata Corporation (NYSE:TDC - Free Report) by 43.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 103,459 shares of the technology company's stock after purchasing an additional 31,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.11% of Teradata worth $2,984,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Pension & Wealth Management Advisors Inc. bought a new position in shares of Teradata in the 3rd quarter worth about $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Teradata in the 2nd quarter valued at about $30,000. Financial Management Professionals Inc. acquired a new position in shares of Teradata in the 2nd quarter valued at about $36,000. Elevation Wealth Partners LLC grew its position in shares of Teradata by 587.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,182 shares of the technology company's stock valued at $41,000 after buying an additional 1,010 shares during the last quarter. Finally, Nykredit A S bought a new stake in shares of Teradata during the 2nd quarter valued at about $44,000. Institutional investors own 90.31% of the company's stock.

Insider Activity at Teradata

In other news, COO Michael Hutchinson sold 48,077 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $30.00, for a total value of $1,442,310.00. Following the completion of the sale, the chief operating officer owned 171,927 shares of the company's stock, valued at $5,157,810. This trade represents a 21.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Mcmillan sold 10,000 shares of the firm's stock in a transaction dated 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 $22,588,428.92. The trade was a 1.31% decrease in their ownership of the stock. 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TDC has been the topic of a number of recent research reports. Wall Street Zen cut shares of Teradata from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 8th. Citigroup upped their target price on Teradata from $36.00 to $40.00 and gave the company a "buy" rating in a report on Friday. Barclays lowered their target price on Teradata from $28.00 to $27.00 and set an "underweight" rating for the company in a report on Wednesday, August 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Teradata in a research report on Monday, September 21st. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $34.00 price target on shares of Teradata in a report on Thursday, July 16th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Teradata currently has an average rating of "Hold" and an average price target of $34.78.

Teradata Price Performance

NYSE:TDC opened at $33.59 on Tuesday. The business's 50-day moving average price is $30.13 and its 200 day moving average price is $29.94. The firm has a market cap of $3.12 billion, a P/E ratio of 7.07, 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. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.08.

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

Teradata Company Profile

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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