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Teradata Corporation (NYSE:TDC) Shares Sold by Bank of New York Mellon Corp

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Bank of New York Mellon Corp cut its holdings in shares of Teradata Corporation (NYSE:TDC - Free Report) by 6.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 about 0.91% of Teradata worth $19,591,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Tsfg LLC acquired a new stake in Teradata in the first quarter valued at $26,000. UMB Bank n.a. grew its holdings in Teradata by 153.1% during the 1st quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock worth $43,000 after acquiring an additional 1,153 shares during the period. Aster Capital Management DIFC Ltd grew its holdings in Teradata by 53.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock worth $49,000 after acquiring an additional 543 shares during the period. GAMMA Investing LLC grew its holdings in Teradata by 150.9% during the 1st quarter. GAMMA Investing LLC now owns 4,589 shares of the technology company's stock worth $103,000 after acquiring an additional 2,760 shares during the period. Finally, Raiffeisen Bank International AG acquired a new stake in Teradata during the 4th quarter worth about $117,000. 90.31% of the stock is currently owned by institutional investors.

Teradata Stock Performance

TDC traded up $0.55 during trading on Tuesday, hitting $22.09. The company's stock had a trading volume of 1,230,385 shares, compared to its average volume of 1,074,164. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 3.11. Teradata Corporation has a one year low of $18.43 and a one year high of $33.69. The firm has a market cap of $2.11 billion, a PE ratio of 15.55, a P/E/G ratio of 6.44 and a beta of 0.83. The business's 50 day simple moving average is $22.23 and its 200-day simple moving average is $24.09.

Teradata (NYSE:TDC - Get Free Report) last posted its earnings results 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 8.10% and a return on equity of 129.98%. The company had revenue of $418.00 million during the quarter, compared to analysts' expectations of $423.85 million. During the same period last year, the company posted $0.57 earnings per share. Teradata's quarterly revenue was down 10.1% on a year-over-year basis. As a group, sell-side analysts predict that Teradata Corporation will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TDC has been the topic of several recent research reports. Northland Securities cut shares of Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price target on the stock. in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Teradata from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. UBS Group upgraded shares of Teradata from a "sell" rating to a "hold" rating and decreased their price target for the stock from $26.00 to $24.00 in a research note on Friday, June 6th. Morgan Stanley upgraded shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective for the company in a research note on Tuesday, April 8th. Finally, Barclays reduced their price objective on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Teradata currently has a consensus rating of "Hold" and a consensus price target of $27.25.

Get Our Latest Stock Report on Teradata

Teradata Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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