Millennium Management LLC Lowers Holdings in Teradata Co. (NYSE:TDC)

Millennium Management LLC lowered its holdings in shares of Teradata Co. (NYSE:TDC - Free Report) by 25.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,087 shares of the technology company's stock after selling 36,923 shares during the period. Millennium Management LLC owned about 0.11% of Teradata worth $3,336,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Independence Bank of Kentucky bought a new position in shares of Teradata in the fourth quarter valued at about $37,000. Aster Capital Management DIFC Ltd raised 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 purchasing an additional 543 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Teradata by 20.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company's stock worth $66,000 after buying an additional 365 shares during the period. New Vernon Capital Holdings II LLC acquired a new position in shares of Teradata during the 4th quarter worth about $133,000. Finally, SRS Capital Advisors Inc. grew its position in shares of Teradata by 2,111.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 4,313 shares of the technology company's stock worth $134,000 after buying an additional 4,118 shares during the period. Institutional investors and hedge funds own 90.31% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley upgraded Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price target on the stock in a research report on Tuesday, April 8th. JMP Securities reiterated a "market perform" rating on shares of Teradata in a research report on Thursday, February 13th. Evercore ISI dropped their target price on Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Wall Street Zen downgraded Teradata from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 8th. Finally, Royal Bank of Canada reduced their price objective on Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Teradata presently has a consensus rating of "Hold" and an average target price of $27.50.

Teradata Trading Up 1.1%

TDC stock traded up $0.25 during trading on Tuesday, hitting $22.14. 351,314 shares of the company traded hands, compared to its average volume of 1,034,003. The firm has a market capitalization of $2.12 billion, a PE ratio of 18.92, a P/E/G ratio of 6.23 and a beta of 0.80. Teradata Co. has a 1 year low of $18.43 and a 1 year high of $35.60. The company has a 50-day moving average of $21.64 and a 200-day moving average of $26.32. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81.

Teradata (NYSE:TDC - Get Free Report) last posted its 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 return on equity of 149.16% and a net margin of 6.51%. The business had revenue of $418.00 million during the quarter, compared to analyst estimates of $423.85 million. During the same quarter last year, the company earned $0.57 EPS. The company's quarterly revenue was down 10.1% compared to the same quarter last year. Analysts predict that Teradata Co. will post 1.31 earnings per share for the current fiscal 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.