Kovitz Investment Group Partners LLC Decreases Holdings in Teradata Co. (TDC)

Kovitz Investment Group Partners LLC decreased its position in Teradata Co. (NYSE:TDC) by 16.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,500 shares of the technology company’s stock after selling 8,100 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Teradata were worth $1,607,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDC. Wells Fargo & Company MN increased its holdings in shares of Teradata by 22.4% during the fourth quarter. Wells Fargo & Company MN now owns 265,229 shares of the technology company’s stock valued at $10,200,000 after acquiring an additional 48,463 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Teradata by 1.1% during the fourth quarter. BlackRock Inc. now owns 10,925,922 shares of the technology company’s stock valued at $420,211,000 after acquiring an additional 118,571 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Teradata during the fourth quarter valued at $249,000. Oppenheimer & Co. Inc. bought a new position in shares of Teradata during the fourth quarter valued at $207,000. Finally, WINTON GROUP Ltd bought a new position in shares of Teradata during the fourth quarter valued at $6,199,000. Institutional investors and hedge funds own 97.90% of the company’s stock.

Teradata opened at $41.90 on Thursday, Marketbeat reports. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.63 and a current ratio of 1.68. Teradata Co. has a one year low of $27.72 and a one year high of $42.84. The firm has a market cap of $4.97 billion, a P/E ratio of 51.73, a price-to-earnings-growth ratio of 14.15 and a beta of 1.17.

Teradata (NYSE:TDC) last released its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Teradata had a positive return on equity of 14.76% and a negative net margin of 3.32%. The company had revenue of $506.00 million for the quarter, compared to analysts’ expectations of $495.95 million. During the same period last year, the firm posted $0.28 earnings per share. Teradata’s revenue was up 3.1% compared to the same quarter last year. equities analysts anticipate that Teradata Co. will post 0.97 EPS for the current fiscal year.

TDC has been the subject of several analyst reports. ValuEngine upgraded Teradata from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Sanford C. Bernstein upgraded Teradata from an “underperform” rating to a “market perform” rating in a report on Monday, March 5th. BMO Capital Markets reduced their price target on Teradata from $42.00 to $40.00 and set a “market perform” rating for the company in a report on Friday, May 4th. Stifel Nicolaus raised their price target on Teradata from $42.00 to $45.00 and gave the company a “hold” rating in a report on Friday, May 4th. Finally, Mizuho upgraded Teradata from an “underperform” rating to a “buy” rating in a report on Wednesday, May 30th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Teradata presently has a consensus rating of “Hold” and an average target price of $36.64.

About Teradata

Teradata Corporation provides analytic data solutions and related services worldwide. The company operates through Americas Data and Analytics, and International Data and Analytics segments. Its analytic data solutions comprise software, hardware, and related business consulting and support services.

Want to see what other hedge funds are holding TDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradata Co. (NYSE:TDC).

Institutional Ownership by Quarter for Teradata (NYSE:TDC)

Receive News & Ratings for Teradata Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradata and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply