Principal Financial Group Inc. Has $6.80 Million Position in Teradata Co. (NYSE:TDC)

Principal Financial Group Inc. lowered its holdings in Teradata Co. (NYSE:TDC - Free Report) by 30.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 224,227 shares of the technology company's stock after selling 98,774 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Teradata worth $6,803,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Teradata by 3.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,716 shares of the technology company's stock valued at $370,000 after acquiring an additional 351 shares during the last quarter. Arizona State Retirement System raised its position in Teradata by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 27,268 shares of the technology company's stock worth $942,000 after buying an additional 390 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Teradata by 2.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,949 shares of the technology company's stock worth $636,000 after buying an additional 434 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Teradata by 88.0% in the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company's stock valued at $29,000 after purchasing an additional 447 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Teradata by 111.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company's stock valued at $33,000 after purchasing an additional 507 shares in the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Teradata

In related news, insider Margaret A. Treese sold 5,500 shares of Teradata stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the sale, the insider now directly owns 96,783 shares of the company's stock, valued at approximately $2,758,315.50. This trade represents a 5.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total value of $411,903.86. Following the completion of the transaction, the insider now directly owns 121,382 shares of the company's stock, valued at $3,341,646.46. This represents a 10.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

Teradata Trading Up 1.1 %

NYSE:TDC traded up $0.31 during mid-day trading on Wednesday, hitting $29.81. The company had a trading volume of 214,102 shares, compared to its average volume of 944,238. Teradata Co. has a fifty-two week low of $24.02 and a fifty-two week high of $49.44. The business's fifty day moving average is $30.40 and its two-hundred day moving average is $31.09. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.79 and a current ratio of 0.80. The firm has a market cap of $2.85 billion, a P/E ratio of 35.12, a P/E/G ratio of 2.85 and a beta of 0.80.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.13. The company had revenue of $440.00 million for the quarter, compared to analyst estimates of $417.71 million. Teradata had a return on equity of 145.40% and a net margin of 4.56%. Teradata's revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. As a group, research analysts expect that Teradata Co. will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TDC shares. JMP Securities cut shares of Teradata from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 6th. Royal Bank of Canada reiterated a "sector perform" rating and set a $32.00 price objective on shares of Teradata in a research note on Tuesday, November 5th. Northland Securities decreased their price target on shares of Teradata from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. StockNews.com raised shares of Teradata from a "buy" rating to a "strong-buy" rating in a report on Tuesday, August 6th. Finally, Evercore ISI lifted their price objective on shares of Teradata from $34.00 to $37.00 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Teradata has an average rating of "Hold" and an average price target of $39.91.

Teradata Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.