Teradata Co. (NYSE:TDC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in shares of Teradata Co. (NYSE:TDC - Free Report) by 15.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,309 shares of the technology company's stock after selling 47,532 shares during the quarter. Rhumbline Advisers owned about 0.27% of Teradata worth $5,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in Teradata by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company's stock valued at $169,756,000 after buying an additional 599,394 shares during the last quarter. AQR Capital Management LLC raised its stake in Teradata by 17.2% in the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock valued at $88,029,000 after buying an additional 416,585 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Teradata by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,217,654 shares of the technology company's stock valued at $37,930,000 after buying an additional 91,211 shares during the last quarter. Norges Bank purchased a new stake in Teradata in the fourth quarter valued at about $36,315,000. Finally, Victory Capital Management Inc. raised its stake in Teradata by 742.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock valued at $35,110,000 after buying an additional 993,358 shares during the last quarter. Institutional investors own 90.31% of the company's stock.

Teradata Price Performance

TDC traded down $0.76 during trading on Friday, hitting $21.43. The company's stock had a trading volume of 734,838 shares, compared to its average volume of 1,042,316. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. Teradata Co. has a twelve month low of $18.43 and a twelve month high of $35.60. The business's fifty day simple moving average is $21.76 and its 200 day simple moving average is $25.88. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 6.23 and a beta of 0.83.

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 the consensus estimate of $0.57 by $0.09. Teradata had a return on equity of 149.16% and a net margin of 6.51%. The company had revenue of $418.00 million for the quarter, compared to analyst estimates of $423.85 million. During the same period last year, the company earned $0.57 earnings per share. Teradata's quarterly revenue was down 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Teradata Co. will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TDC. Wall Street Zen upgraded Teradata from a "hold" rating to a "buy" rating in a research note on Saturday. Barclays reduced their price objective on Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. 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 research note on Friday, June 6th. Northland Capmk cut Teradata from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Northland Securities cut 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. One equities research 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 data from MarketBeat, the stock has an average rating of "Hold" and an average target price 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.