Bank of America Corp DE Reduces Holdings in Teradata Co. (NYSE:TDC)

Bank of America Corp DE lowered its stake in Teradata Co. (NYSE:TDC - Free Report) by 19.2% during the 4th quarter, according to its most recent filing with the Securities & 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 0.77% of Teradata worth $22,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its holdings in shares of Teradata by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company's stock valued at $169,756,000 after buying an additional 599,394 shares during the period. AQR Capital Management LLC increased its stake in Teradata by 17.2% in the 4th quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock worth $88,029,000 after buying an additional 416,585 shares in the last quarter. Pacer Advisors Inc. increased its stake in Teradata by 5.2% in the 4th quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company's stock worth $67,899,000 after buying an additional 108,426 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Teradata by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,217,654 shares of the technology company's stock valued at $37,930,000 after purchasing an additional 91,211 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Teradata during the fourth quarter valued at about $36,315,000. Hedge funds and other institutional investors own 90.31% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TDC. Barclays lowered their price target on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Wall Street Zen downgraded shares of Teradata from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 8th. Northland Securities downgraded 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. Royal Bank of Canada decreased their price objective on shares of Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 12th. Finally, Guggenheim reduced their target price on shares of Teradata from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $27.50.

Teradata Stock Performance

Shares of NYSE:TDC traded down $0.54 on Friday, hitting $21.54. 738,314 shares of the company were exchanged, compared to its average volume of 1,035,971. Teradata Co. has a 1-year low of $18.43 and a 1-year high of $35.60. The stock's 50 day moving average price is $21.84 and its 200 day moving average price is $26.67. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. The firm has a market capitalization of $2.06 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 6.23 and a beta of 0.80.

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

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.