Cubist Systematic Strategies LLC Sells 198,213 Shares of Teradata Co. (NYSE:TDC)

Cubist Systematic Strategies LLC lowered its holdings in Teradata Co. (NYSE:TDC - Free Report) by 69.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,303 shares of the technology company's stock after selling 198,213 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.09% of Teradata worth $2,688,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Teradata in the 4th quarter valued at about $36,315,000. UNICOM Systems Inc. bought a new stake in Teradata in the 4th quarter valued at about $3,162,000. Unified Investment Management bought a new stake in Teradata in the 4th quarter valued at about $932,000. Victory Capital Management Inc. boosted its holdings in Teradata by 742.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock valued at $35,110,000 after purchasing an additional 993,358 shares during the period. Finally, Merit Financial Group LLC acquired a new position in shares of Teradata in the 4th quarter valued at approximately $316,000. Institutional investors own 90.31% of the company's stock.

Teradata Trading Down 1.5%

Shares of NYSE:TDC traded down $0.34 during trading on Friday, reaching $22.78. The stock had a trading volume of 268,583 shares, compared to its average volume of 1,026,051. The firm's fifty day moving average is $21.89 and its 200 day moving average is $27.09. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81. Teradata Co. has a 52 week low of $18.43 and a 52 week high of $35.60. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 6.23 and a beta of 0.80.

Teradata (NYSE:TDC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.09. The business had revenue of $418.00 million during the quarter, compared to analysts' expectations of $423.85 million. Teradata had a net margin of 6.51% and a return on equity of 149.16%. The business's quarterly revenue was down 10.1% on a year-over-year basis. During the same period last year, the company posted $0.57 earnings per share. As a group, equities analysts forecast that Teradata Co. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on TDC. Barclays dropped their target price on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Evercore ISI dropped their target price on shares of Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. JMP Securities restated a "market perform" rating on shares of Teradata in a research report on Thursday, February 13th. Northland Capmk cut shares of Teradata from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Finally, StockNews.com cut shares of Teradata from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $27.50.

Teradata Company 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.