Teradata Corporation (NYSE:TDC) Shares Sold by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC significantly reduced its stake in Teradata Corporation by 72.4%, selling 36,618 shares, and now holds 13,935 shares worth approximately $313,000.
• Teradata reported a quarterly earnings per share of $0.47, surpassing the expected $0.41, but experienced a 6.4% decline in revenue year-over-year.
• Analyst ratings for Teradata show a majority with a hold rating, indicating uncertainty, and recent price targets range from $21.00 to $26.86.

Mutual of America Capital Management LLC cut its stake in shares of Teradata Corporation (NYSE:TDC - Free Report) by 72.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 13,935 shares of the technology company's stock after selling 36,618 shares during the period. Mutual of America Capital Management LLC's holdings in Teradata were worth $313,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Vise Technologies Inc. boosted its stake in Teradata by 7.4% during the fourth quarter. Vise Technologies Inc. now owns 9,562 shares of the technology company's stock worth $298,000 after buying an additional 662 shares during the period. US Bancorp DE boosted its stake in Teradata by 23.0% during the first quarter. US Bancorp DE now owns 4,337 shares of the technology company's stock worth $97,000 after buying an additional 811 shares during the period. Deutsche Bank AG boosted its stake in shares of Teradata by 0.7% in the first quarter. Deutsche Bank AG now owns 130,567 shares of the technology company's stock valued at $2,935,000 after purchasing an additional 907 shares during the period. UMB Bank n.a. boosted its stake in shares of Teradata by 153.1% in the first quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock valued at $43,000 after purchasing an additional 1,153 shares during the period. Finally, Tsfg LLC purchased a new position in shares of Teradata in the first quarter valued at approximately $26,000. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TDC has been the subject of several recent research reports. Northland Capmk lowered shares of Teradata from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. UBS Group lowered their price objective on shares of Teradata from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Northland Securities lowered shares of Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price objective for the company. in a research note on Wednesday, May 7th. Guggenheim lowered their price objective on shares of Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Teradata from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. One research analyst has 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.com, the company presently has an average rating of "Hold" and a consensus target price of $26.86.

Teradata Stock Down 0.2%

Shares of NYSE:TDC traded down $0.05 during trading on Friday, hitting $21.12. 985,677 shares of the company were exchanged, compared to its average volume of 1,277,719. The stock has a market capitalization of $2.00 billion, a P/E ratio of 18.69, a PEG ratio of 5.10 and a beta of 0.83. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.84 and a quick ratio of 0.84. Teradata Corporation has a 12-month low of $18.43 and a 12-month high of $33.69. The firm's 50 day moving average price is $21.82 and its 200-day moving average price is $22.88.

Teradata (NYSE:TDC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.06. The business had revenue of $408.00 million during the quarter, compared to the consensus estimate of $399.73 million. Teradata had a net margin of 6.57% and a return on equity of 96.29%. The company's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, research analysts predict that Teradata Corporation will post 1.31 earnings per share for the current fiscal year.

Teradata Company 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.