Fairpointe Capital Lowers stake in Teradata Corporation (TDC)

Teradata Corporation (TDC) : Fairpointe Capital reduced its stake in Teradata Corporation by 2.48% during the most recent quarter end. The investment management company now holds a total of 5,808,913 shares of Teradata Corporation which is valued at $182,167,512 after selling 147,884 shares in Teradata Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Teradata Corporation makes up approximately 3.78% of Fairpointe Capital’s portfolio.

Other Hedge Funds, Including , Proshare Advisors reduced its stake in TDC by selling 29 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 16,030 shares of TDC which is valued at $502,701. Teradata Corporation makes up approx 0.01% of Proshare Advisors’s portfolio.Utah Retirement Systems reduced its stake in TDC by selling 300 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 23,488 shares of TDC which is valued at $719,907. Teradata Corporation makes up approx 0.02% of Utah Retirement Systems’s portfolio. Gwm Advisors added TDC to its portfolio by purchasing 25,120 company shares during the most recent quarter which is valued at $687,032. Teradata Corporation makes up approx 0.28% of Gwm Advisors’s portfolio.

Teradata Corporation opened for trading at $32.3 and hit $32.63 on the upside on Monday, eventually ending the session at $32.62, with a gain of 1.02% or 0.33 points. The heightened volatility saw the trading volume jump to 18,68,909 shares. Company has a market cap of $4,254 M.

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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