John G Ullman & Associates Inc. Trims Stake in Teradata Corporation (NYSE:TDC)

Key Points

• John G Ullman & Associates Inc. significantly reduced its stake in Teradata Corporation by 74.9%, from 137,200 shares to 34,500 shares, influencing their overall investment worth to approximately $776,000.
• Teradata’s stock is currently trading at $22.03 with a market capitalization of $2.11 billion, and the stock's 12-month low and high are $18.43 and $33.69 respectively.
• Analysts have set a consensus target price of $27.25 for Teradata, with various brokerages issuing mixed ratings and price target adjustments reflecting varied outlooks on the company’s performance.

John G Ullman & Associates Inc. trimmed its position in Teradata Corporation (NYSE:TDC - Free Report) by 74.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,500 shares of the technology company's stock after selling 102,700 shares during the quarter. John G Ullman & Associates Inc.'s holdings in Teradata were worth $776,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TDC. Raymond James Financial Inc. bought a new position in Teradata during the fourth quarter valued at approximately $3,321,000. Teacher Retirement System of Texas grew its position in Teradata by 57.2% during the fourth quarter. Teacher Retirement System of Texas now owns 80,566 shares of the technology company's stock valued at $2,510,000 after acquiring an additional 29,310 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Teradata during the fourth quarter valued at approximately $645,000. Prudential Financial Inc. grew its position in Teradata by 76.5% during the fourth quarter. Prudential Financial Inc. now owns 622,175 shares of the technology company's stock valued at $19,381,000 after acquiring an additional 269,629 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in Teradata by 9.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 210,200 shares of the technology company's stock valued at $6,548,000 after acquiring an additional 18,229 shares during the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Teradata Trading Up 2.0%

NYSE:TDC traded up $0.42 during midday trading on Friday, hitting $22.03. 952,706 shares of the company traded hands, compared to its average volume of 986,464. The firm's fifty day moving average is $22.09 and its 200-day moving average is $23.87. Teradata Corporation has a 12-month low of $18.43 and a 12-month high of $33.69. The firm has a market capitalization of $2.11 billion, a P/E ratio of 15.52, a P/E/G ratio of 6.46 and a beta of 0.83. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 3.11.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on TDC. Northland Capmk cut shares of Teradata from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th. Guggenheim cut 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. Northland Securities cut shares of Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 target price on the stock. in a report on Wednesday, May 7th. 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 report on Tuesday, April 8th. Finally, Barclays dropped their price target on Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Teradata currently has an average rating of "Hold" and a consensus target price of $27.25.

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.