Teradata Corporation (NYSE:TDC) Stake Cut by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. has significantly reduced its stake in Teradata Corporation by 58.2%, now holding approximately 910,255 shares valued at around $20 million.
• Other institutional investors have varied their positions; for example, SG Americas Securities LLC increased their holdings by over 1,220% during the first quarter.
• Teradata recently reported earnings that beat expectations, with an EPS of $0.66, although its revenue saw a 10.1% decline year-over-year.

Pacer Advisors Inc. lowered its position in Teradata Corporation (NYSE:TDC - Free Report) by 58.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 910,255 shares of the technology company's stock after selling 1,269,473 shares during the quarter. Pacer Advisors Inc. owned approximately 0.95% of Teradata worth $20,463,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Tsfg LLC acquired a new position in shares of Teradata in the 1st quarter valued at $26,000. UMB Bank n.a. boosted its holdings in shares of Teradata by 153.1% in the 1st quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock valued at $43,000 after buying an additional 1,153 shares in the last quarter. Aster Capital Management DIFC Ltd raised its position in Teradata by 53.0% in the 4th 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 last quarter. GAMMA Investing LLC raised its position in Teradata by 150.9% in the 1st quarter. GAMMA Investing LLC now owns 4,589 shares of the technology company's stock valued at $103,000 after purchasing an additional 2,760 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in Teradata in the 4th quarter valued at $117,000. Hedge funds and other institutional investors own 90.31% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Guggenheim reduced their price target on shares of Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Northland Securities downgraded shares of Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price target for the company. in a research 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 price target for the company in a research report on Tuesday, April 8th. Barclays dropped their price objective on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Finally, Northland Capmk cut shares of Teradata from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Teradata presently has an average rating of "Hold" and an average target price of $27.25.

Teradata Price Performance

NYSE TDC traded down $0.13 during trading hours on Wednesday, reaching $21.99. The company's stock had a trading volume of 151,378 shares, compared to its average volume of 1,272,266. The stock has a market cap of $2.10 billion, a PE ratio of 15.48, a PEG ratio of 6.73 and a beta of 0.83. Teradata Corporation has a fifty-two week low of $18.43 and a fifty-two week high of $33.69. The company's 50-day moving average is $22.08 and its two-hundred day moving average is $23.70. 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 (NYSE:TDC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.09. The firm had revenue of $418.00 million for the quarter, compared to analysts' expectations of $423.85 million. Teradata had a net margin of 8.10% and a return on equity of 129.98%. The firm's revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 EPS. Analysts forecast that Teradata Corporation will post 1.31 EPS for the current 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.