Bank of New York Mellon Corp Has $19.59 Million Holdings in Teradata Corporation (NYSE:TDC)

Bank of New York Mellon Corp trimmed its holdings in Teradata Corporation (NYSE:TDC - Free Report) by 6.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 871,465 shares of the technology company's stock after selling 58,543 shares during the period. Bank of New York Mellon Corp owned 0.91% of Teradata worth $19,591,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Teradata by 77.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,690 shares of the technology company's stock worth $195,000 after acquiring an additional 3,799 shares during the period. Principal Financial Group Inc. grew its position in Teradata by 113.6% during the first quarter. Principal Financial Group Inc. now owns 476,695 shares of the technology company's stock worth $10,716,000 after buying an additional 253,533 shares during the period. Oregon Public Employees Retirement Fund grew its position in Teradata by 12.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 21,900 shares of the technology company's stock worth $492,000 after buying an additional 2,419 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Teradata by 12.0% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,986 shares of the technology company's stock worth $292,000 after buying an additional 1,390 shares during the period. Finally, Unified Investment Management grew its position in Teradata by 8.9% during the first quarter. Unified Investment Management now owns 32,608 shares of the technology company's stock worth $733,000 after buying an additional 2,678 shares during the period. 90.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TDC has been the topic of several research reports. 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 research report on Monday, April 21st. Morgan Stanley upgraded shares of 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. UBS Group upgraded shares of Teradata from a "sell" rating to a "hold" rating and decreased their target price for the stock from $26.00 to $24.00 in a research report on Friday, June 6th. 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 research report on Wednesday, May 7th. Finally, Wall Street Zen upgraded shares of Teradata from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $27.25.

Teradata Stock Performance

Shares of NYSE TDC traded down $0.19 during midday trading on Friday, hitting $21.61. The company's stock had a trading volume of 789,230 shares, compared to its average volume of 1,081,415. Teradata Corporation has a 1-year low of $18.43 and a 1-year high of $33.69. The firm's fifty day moving average price is $22.23 and its 200-day moving average price is $24.14. 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 firm has a market cap of $2.07 billion, a P/E ratio of 15.22, a P/E/G ratio of 6.46 and a beta of 0.83.

Teradata (NYSE:TDC - Get Free Report) last released 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. Teradata had a net margin of 8.10% and a return on equity of 129.98%. The company had revenue of $418.00 million for the quarter, compared to the consensus estimate of $423.85 million. During the same period in the previous year, the firm earned $0.57 EPS. Teradata's revenue was down 10.1% on a year-over-year basis. On average, sell-side analysts forecast that Teradata Corporation will post 1.31 EPS for the current fiscal year.

About Teradata

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.