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

Cubist Systematic Strategies LLC reduced its position in shares of Teradata Co. (NYSE:TDC - Free Report) by 69.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,303 shares of the technology company's stock after selling 198,213 shares during the quarter. Cubist Systematic Strategies LLC owned 0.09% of Teradata worth $2,688,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Independence Bank of Kentucky acquired a new position in Teradata in the 4th quarter valued at $37,000. Aster Capital Management DIFC Ltd increased its holdings in shares of Teradata by 53.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock worth $49,000 after purchasing an additional 543 shares during the period. GAMMA Investing LLC raised its position in shares of Teradata by 91.5% in the fourth quarter. GAMMA Investing LLC now owns 1,829 shares of the technology company's stock valued at $57,000 after buying an additional 874 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Teradata by 20.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company's stock valued at $66,000 after buying an additional 365 shares during the period. Finally, New Vernon Capital Holdings II LLC bought a new stake in shares of Teradata during the 4th quarter valued at $133,000. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Northland Capmk downgraded Teradata from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th. Morgan Stanley upgraded Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 target price on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada lowered their target price on Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 12th. Guggenheim reduced their price target on shares of Teradata from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Evercore ISI decreased their price target on shares of Teradata from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $27.50.

Teradata Stock Down 0.9%

Shares of NYSE TDC traded down $0.22 during midday trading on Thursday, hitting $23.12. 1,064,463 shares of the stock traded hands, compared to its average volume of 1,028,124. 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 one year low of $18.43 and a one year high of $35.60. The business has a 50 day moving average price of $21.87 and a two-hundred day moving average price of $27.15. The company has a market cap of $2.21 billion, a PE ratio of 19.76, a P/E/G ratio of 6.23 and a beta of 0.80.

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

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.