Teradata Co. (NYSE:TDC) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its holdings in Teradata Co. (NYSE:TDC - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Independence Bank of Kentucky acquired a new position in Teradata in the fourth quarter valued at approximately $37,000. Aster Capital Management DIFC Ltd lifted its position in Teradata by 53.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock valued at $49,000 after purchasing an additional 543 shares during the period. Venturi Wealth Management LLC lifted its position in Teradata by 20.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company's stock valued at $66,000 after purchasing an additional 365 shares during the period. New Vernon Capital Holdings II LLC acquired a new stake in Teradata in the fourth quarter valued at about $133,000. Finally, SRS Capital Advisors Inc. increased its holdings in Teradata by 2,111.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 4,313 shares of the technology company's stock valued at $134,000 after buying an additional 4,118 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Teradata Trading Up 0.3%

TDC stock traded up $0.06 during midday trading on Wednesday, hitting $22.33. The stock had a trading volume of 872,834 shares, compared to its average volume of 1,037,647. The firm has a market cap of $2.13 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 6.23 and a beta of 0.83. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. Teradata Co. has a 12-month low of $18.43 and a 12-month high of $35.60. The company's 50-day moving average price is $21.60 and its 200 day moving average price is $26.27.

Teradata (NYSE:TDC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.09. The company had revenue of $418.00 million for the quarter, compared to analyst estimates of $423.85 million. Teradata had a net margin of 6.51% and a return on equity of 149.16%. Teradata's revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter last year, the business earned $0.57 EPS. On average, equities research analysts predict that Teradata Co. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TDC has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Teradata from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 8th. Royal Bank of Canada dropped their target price on shares of Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a report on Wednesday, February 12th. Barclays dropped their target price 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. Evercore ISI dropped their target price on shares of Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, Morgan Stanley raised 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $27.50.

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.