Retirement Systems of Alabama Reduces Holdings in Teradata Corporation (NYSE:TDC)

Retirement Systems of Alabama trimmed its holdings in shares of Teradata Corporation (NYSE:TDC - Free Report) by 16.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 587,425 shares of the technology company's stock after selling 116,362 shares during the period. Retirement Systems of Alabama owned about 0.61% of Teradata worth $13,205,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TDC. UMB Bank n.a. increased its stake in shares of Teradata by 153.1% during the 1st quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock worth $43,000 after purchasing an additional 1,153 shares in the last quarter. Aster Capital Management DIFC Ltd increased its stake in shares of 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 in the last quarter. Venturi Wealth Management LLC increased its stake 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 purchasing an additional 365 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Teradata by 150.9% during the 1st quarter. GAMMA Investing LLC now owns 4,589 shares of the technology company's stock worth $103,000 after purchasing an additional 2,760 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in Teradata in the 4th quarter worth approximately $117,000. 90.31% of the stock is owned by hedge funds and other institutional investors.

Teradata Stock Performance

NYSE:TDC opened at $21.37 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 3.11. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 6.38 and a beta of 0.83. The firm's fifty day simple moving average is $21.88 and its 200 day simple moving average is $25.47. Teradata Corporation has a twelve month low of $18.43 and a twelve month high of $35.60.

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

Analyst Upgrades and Downgrades

TDC has been the subject of several recent analyst reports. Wall Street Zen raised shares of Teradata from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Guggenheim lowered their target price 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. Northland Securities cut shares of Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 target price for the company. in a research note on Wednesday, May 7th. Barclays lowered their target price on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company 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 investment 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, the stock currently has a consensus rating of "Hold" and an average target price of $27.25.

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.

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