Ellington Management Group adds Teradata Corporation (TDC) to its portfolio

Teradata Corporation (TDC) : Ellington Management Group added new position in Teradata Corporation during the most recent quarter end. The investment management firm now holds 16,900 shares of Teradata Corporation which is valued at $529,984 , the company said in a statement filed on Aug 15, 2016 with the SEC.Teradata Corporation makes up approximately 0.69% of Ellington Management Group’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. boosted its stake in TDC in the latest quarter, The investment management firm added 74,975 additional shares and now holds a total of 724,675 shares of Teradata Corporation which is valued at $22,725,808. Teradata Corporation makes up approx 0.16% of Connor Clark Lunn Investment Management Ltd.’s portfolio. Old Mutual Customised Solutions (proprietary) Ltd sold out all of its stake in TDC during the most recent quarter. The investment firm sold 1,700 shares of TDC which is valued $53,312. Omers Administration Corp sold out all of its stake in TDC during the most recent quarter. The investment firm sold 9,400 shares of TDC which is valued $294,784.Great West Life Assurance Co Can reduced its stake in TDC by selling 2,572 shares or 3.24% in the most recent quarter. The Hedge Fund company now holds 76,931 shares of TDC which is valued at $2,357,935. Teradata Corporation makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.Acadian Asset Management boosted its stake in TDC in the latest quarter, The investment management firm added 2,163,412 additional shares and now holds a total of 2,183,210 shares of Teradata Corporation which is valued at $61,784,843. Teradata Corporation makes up approx 0.31% of Acadian Asset Management’s portfolio.

Teradata Corporation closed down -0.26 points or -0.82% at $31.47 with 17,89,211 shares getting traded on Thursday. Post opening the session at $31.76, the shares hit an intraday low of $31.24 and an intraday high of $31.94 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Teradata Corporation reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.60. The company had revenue of $599.00 million for the quarter, compared to analysts expectations of $559.18 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Teradata Corporation. Company shares were Reiterated by Mizuho on Aug 3, 2016 to “Neutral”, Firm has raised the Price Target to $ 28 from a previous price target of $24 .Teradata Corporation was Downgraded by CLSA to ” Underperform” on Jul 15, 2016.

Teradata Corporation (Teradata) is a provider of analytic data platforms marketing and analytic applications and related services. The Company’s analytic data platforms consist of software hardware and related business consulting and support services for data warehousing and big data analytics. The Company operates in two segments: data and analytics and marketing applications. The Company’s software and hardware products include Teradata Database Software Teradata Workload-Specific Platforms Teradata Aster Discovery Platform Teradata Portfolio for Hadoop Teradata QueryGrid and Teradata Marketing Applications. Its service offerings include Teradata Business Consulting Services Teradata Technology and Implementation Services Teradata Cloud Services Teradata Managed Services Teradata Marketing Services Teradata Customer Support Services and Training Services.

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