Allspring Global Investments Holdings LLC Has $2.53 Million Stake in Teradata Corporation (NYSE:TDC)

Allspring Global Investments Holdings LLC lessened its stake in Teradata Corporation (NYSE:TDC - Free Report) by 68.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,163 shares of the technology company's stock after selling 246,014 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.12% of Teradata worth $2,529,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TDC. Norges Bank bought a new stake in Teradata in the fourth quarter valued at about $36,315,000. Victory Capital Management Inc. increased its holdings in Teradata by 742.5% in the fourth 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 last quarter. Ameriprise Financial Inc. increased its holdings in Teradata by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company's stock valued at $169,756,000 after purchasing an additional 599,394 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Teradata by 17.2% in the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock worth $88,029,000 after acquiring an additional 416,585 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Teradata by 470.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 495,539 shares of the technology company's stock worth $15,436,000 after acquiring an additional 408,595 shares in the last quarter. Institutional investors own 90.31% of the company's stock.

Teradata Stock Down 1.6%

NYSE TDC traded down $0.38 during trading hours on Monday, hitting $22.83. 1,058,614 shares of the company traded hands, compared to its average volume of 1,075,700. The business's 50-day moving average is $22.23 and its 200-day moving average is $24.76. Teradata Corporation has a twelve month low of $18.43 and a twelve month high of $35.60. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.82 and a current ratio of 0.84. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 6.94 and a beta of 0.83.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.09. The company had revenue of $418.00 million during the quarter, compared to analysts' expectations of $423.85 million. Teradata had a return on equity of 129.98% and a net margin of 8.10%. The business's revenue was down 10.1% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. Sell-side analysts anticipate that Teradata Corporation will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TDC shares. Northland Securities downgraded Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price target for the company. in a report on Wednesday, May 7th. Northland Capmk downgraded Teradata from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th. Guggenheim lowered their price target on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Wall Street Zen upgraded Teradata from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, Morgan Stanley upgraded Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price target for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $27.25.

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.