Cortina Asset Management LLC Reduces Position in Teradata Corporation (TDC)

Cortina Asset Management LLC lowered its stake in Teradata Corporation (NYSE:TDC) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 276,880 shares of the technology company’s stock after selling 7,505 shares during the quarter. Cortina Asset Management LLC owned 0.23% of Teradata Corporation worth $9,356,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TDC. ETF Managers Group LLC purchased a new stake in Teradata Corporation in the second quarter worth approximately $130,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Teradata Corporation by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,183 shares of the technology company’s stock worth $153,000 after purchasing an additional 469 shares during the last quarter. GW Henssler & Associates Ltd. purchased a new stake in Teradata Corporation in the second quarter worth approximately $202,000. PNC Financial Services Group Inc. boosted its holdings in Teradata Corporation by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the technology company’s stock worth $213,000 after purchasing an additional 31 shares during the last quarter. Finally, Commerce Bank purchased a new stake in Teradata Corporation in the third quarter worth approximately $223,000.

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Several equities research analysts recently issued reports on TDC shares. BMO Capital Markets raised their target price on shares of Teradata Corporation from $32.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, November 3rd. Sanford C. Bernstein restated an “underperform” rating and issued a $27.00 target price on shares of Teradata Corporation in a report on Monday, September 11th. UBS AG raised their target price on shares of Teradata Corporation from $24.00 to $30.00 and gave the stock a “sell” rating in a report on Thursday, November 9th. Morgan Stanley raised their target price on shares of Teradata Corporation from $29.00 to $31.00 and gave the stock an “underweight” rating in a report on Friday, November 3rd. Finally, Mizuho raised their target price on shares of Teradata Corporation from $26.00 to $32.00 and gave the stock an “underperform” rating in a report on Thursday, November 2nd. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.78.

Shares of Teradata Corporation (TDC) traded up $0.32 during trading on Tuesday, hitting $36.15. 714,800 shares of the stock traded hands, compared to its average volume of 1,646,091. The stock has a market cap of $4,530.00, a PE ratio of 31.99, a PEG ratio of 7.42 and a beta of 1.23. Teradata Corporation has a 1-year low of $26.27 and a 1-year high of $38.08. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.69.

Teradata Corporation (NYSE:TDC) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.17. The business had revenue of $526.00 million for the quarter, compared to analysts’ expectations of $511.23 million. Teradata Corporation had a net margin of 3.01% and a return on equity of 16.47%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. equities research analysts expect that Teradata Corporation will post 0.91 EPS for the current fiscal year.

Teradata Corporation Company Profile

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.

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

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