Bank of America Corp DE Decreases Position in Teradata Co. (NYSE:TDC)

Bank of America Corp DE decreased its position in Teradata Co. (NYSE:TDC - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 732,207 shares of the technology company's stock after selling 173,930 shares during the period. Bank of America Corp DE owned about 0.77% of Teradata worth $22,808,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TDC. BNP Paribas Financial Markets boosted its position in Teradata by 58.4% during the fourth quarter. BNP Paribas Financial Markets now owns 177,502 shares of the technology company's stock worth $5,529,000 after purchasing an additional 65,453 shares during the period. Ameriprise Financial Inc. boosted its holdings in Teradata by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company's stock worth $169,756,000 after buying an additional 599,394 shares during the period. AXA S.A. boosted its holdings in Teradata by 34.1% in the 4th quarter. AXA S.A. now owns 246,714 shares of the technology company's stock worth $7,685,000 after buying an additional 62,682 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in Teradata in the 4th quarter valued at approximately $238,000. Finally, Voleon Capital Management LP bought a new stake in Teradata during the 4th quarter valued at $788,000. 90.31% of the stock is owned by institutional investors.

Teradata Trading Down 0.9%

Shares of TDC opened at $22.91 on Monday. Teradata Co. has a 1-year low of $18.43 and a 1-year high of $35.60. The company has a market capitalization of $2.19 billion, a P/E ratio of 19.58, a P/E/G ratio of 6.23 and a beta of 0.80. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. The firm's 50 day simple moving average is $21.90 and its 200 day simple moving average is $26.95.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on TDC. Northland Capmk cut Teradata from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Evercore ISI reduced their target price on Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Barclays lowered their price target on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Northland Securities cut shares of Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price objective for the company. in a research note on Wednesday, May 7th. Finally, Guggenheim decreased their target price on shares of Teradata from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $27.50.

Teradata 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.

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