Retirement Systems of Alabama Has $13.21 Million Stock Position in Teradata Corporation (NYSE:TDC)

Retirement Systems of Alabama reduced its position in Teradata Corporation (NYSE:TDC - Free Report) by 16.5% in the 1st quarter, according to its most recent filing with the SEC. The fund 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 filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDC. Norges Bank acquired a new stake in shares of Teradata in the fourth quarter valued at approximately $36,315,000. Unified Investment Management bought a new stake in Teradata in the 4th quarter valued at $932,000. Victory Capital Management Inc. lifted its holdings in Teradata by 742.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock valued at $35,110,000 after purchasing an additional 993,358 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Teradata by 1,220.2% during the 1st quarter. SG Americas Securities LLC now owns 45,019 shares of the technology company's stock valued at $1,012,000 after purchasing an additional 41,609 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in Teradata during the fourth quarter worth $631,000. Institutional investors own 90.31% of the company's stock.

Teradata Price Performance

Teradata stock traded up $0.16 during mid-day trading on Thursday, reaching $21.74. The company had a trading volume of 940,477 shares, compared to its average volume of 1,057,348. The business has a fifty day simple moving average of $21.98 and a 200 day simple moving average of $25.27. The company has a market cap of $2.08 billion, a P/E ratio of 15.31, a P/E/G ratio of 6.45 and a beta of 0.83. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 3.11. Teradata Corporation has a fifty-two week low of $18.43 and a fifty-two week high of $35.60.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TDC. Wall Street Zen raised shares of Teradata from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Morgan Stanley raised shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price target on the stock in a report on Tuesday, April 8th. UBS Group upgraded Teradata from a "sell" rating to a "hold" rating and reduced their price objective for the stock from $26.00 to $24.00 in a report on Friday, June 6th. Northland Securities lowered Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 target price on the stock. in a research note on Wednesday, May 7th. Finally, Guggenheim dropped their price target on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $27.25.

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.