Nationwide Fund Advisors Purchases 179,301 Shares of Teradata Corporation (TDC)

Nationwide Fund Advisors lifted its position in shares of Teradata Corporation (NYSE:TDC) by 76.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 412,927 shares of the technology company’s stock after acquiring an additional 179,301 shares during the period. Nationwide Fund Advisors owned 0.32% of Teradata Corporation worth $12,177,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Advantus Capital Management Inc grew its position in shares of Teradata Corporation by 0.6% during the first quarter. Advantus Capital Management Inc now owns 12,936 shares of the technology company’s stock worth $403,000 after acquiring an additional 78 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Teradata Corporation by 0.3% during the first quarter. Great West Life Assurance Co. Can now owns 34,190 shares of the technology company’s stock worth $1,064,000 after acquiring an additional 86 shares during the last quarter. Wedge Capital Management L L P NC grew its position in shares of Teradata Corporation by 0.5% during the second quarter. Wedge Capital Management L L P NC now owns 19,366 shares of the technology company’s stock worth $571,000 after acquiring an additional 87 shares during the last quarter. Contravisory Investment Management Inc. grew its position in shares of Teradata Corporation by 1.0% during the second quarter. Contravisory Investment Management Inc. now owns 9,556 shares of the technology company’s stock worth $282,000 after acquiring an additional 92 shares during the last quarter. Finally, Comerica Bank grew its position in shares of Teradata Corporation by 0.3% during the first quarter. Comerica Bank now owns 31,346 shares of the technology company’s stock worth $921,000 after acquiring an additional 98 shares during the last quarter.

Teradata Corporation (TDC) opened at 32.97 on Friday. Teradata Corporation has a 12 month low of $26.27 and a 12 month high of $33.36. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 42.99 and a beta of 1.25. The company has a 50-day moving average of $31.41 and a 200-day moving average of $30.09.

Teradata Corporation (NYSE:TDC) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.22. Teradata Corporation had a return on equity of 21.12% and a net margin of 4.63%. The business had revenue of $513.00 million during the quarter, compared to analysts’ expectations of $519.79 million. During the same period in the previous year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was down 14.4% compared to the same quarter last year. Analysts predict that Teradata Corporation will post $1.25 EPS for the current year.

In other news, insider Victor L. Lund acquired 31,270 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of $31.95 per share, for a total transaction of $999,076.50. Following the completion of the transaction, the insider now directly owns 111,447 shares in the company, valued at $3,560,731.65. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Stephen Mark Scheppmann sold 47,065 shares of Teradata Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $31.83, for a total value of $1,498,078.95. Following the completion of the sale, the chief financial officer now owns 143,689 shares of the company’s stock, valued at $4,573,620.87. The disclosure for this sale can be found here. Insiders own 1.73% of the company’s stock.

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Several research firms have recently commented on TDC. UBS AG restated a “sell” rating and set a $22.00 price target (down previously from $24.00) on shares of Teradata Corporation in a research report on Friday, June 16th. BidaskClub lowered shares of Teradata Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Stifel Nicolaus restated a “hold” rating and set a $32.00 price target on shares of Teradata Corporation in a research report on Monday, August 14th. Needham & Company LLC began coverage on shares of Teradata Corporation in a research report on Monday, September 11th. They set a “hold” rating for the company. Finally, BMO Capital Markets restated a “hold” rating and set a $30.00 price target on shares of Teradata Corporation in a research report on Sunday, July 16th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $28.75.

About Teradata Corporation

Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.

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Institutional Ownership by Quarter for Teradata Corporation (NYSE:TDC)

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