Nisa Investment Advisors LLC Cuts Holdings in Teradata Corporation (NYSE:TDC)

Nisa Investment Advisors LLC reduced its position in shares of Teradata Corporation (NYSE:TDC - Free Report) by 48.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,895 shares of the technology company's stock after selling 28,620 shares during the period. Nisa Investment Advisors LLC's holdings in Teradata were worth $672,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Teradata during the fourth quarter valued at about $3,321,000. Wealthfront Advisers LLC bought a new position in Teradata in the 4th quarter valued at $161,000. Xponance Inc. increased its holdings in Teradata by 2.3% in the fourth quarter. Xponance Inc. now owns 19,074 shares of the technology company's stock valued at $594,000 after purchasing an additional 428 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Teradata by 57.2% during the fourth quarter. Teacher Retirement System of Texas now owns 80,566 shares of the technology company's stock worth $2,510,000 after buying an additional 29,310 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its position in Teradata by 920.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 166,300 shares of the technology company's stock valued at $5,180,000 after purchasing an additional 150,000 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in 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. Guggenheim cut their target price on Teradata from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Northland Capmk lowered shares of Teradata from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th. UBS Group raised shares of Teradata from a "sell" rating to a "hold" rating and cut their price target for the stock from $26.00 to $24.00 in a report on Friday, June 6th. Finally, Barclays decreased their target price on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $27.25.

Teradata Stock Down 0.9%

TDC stock traded down $0.19 during mid-day trading on Friday, hitting $21.61. 789,230 shares of the company were exchanged, compared to its average volume of 1,082,260. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.82 and a current ratio of 0.84. Teradata Corporation has a 1-year low of $18.43 and a 1-year high of $33.69. The firm has a market cap of $2.07 billion, a P/E ratio of 15.22, a P/E/G ratio of 6.52 and a beta of 0.83. The firm's 50 day simple moving average is $22.23 and its 200 day simple moving average is $24.18.

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

About Teradata

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.