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Teacher Retirement System of Texas Sells 23,609 Shares of Teradata Corporation (NYSE:TDC)

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Teacher Retirement System of Texas reduced its position in Teradata Corporation (NYSE:TDC - Free Report) by 29.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,957 shares of the technology company's stock after selling 23,609 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Teradata worth $1,280,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TDC. Tsfg LLC bought a new position in shares of Teradata in the first quarter valued at approximately $26,000. UMB Bank n.a. boosted its position in shares of Teradata by 153.1% in the first quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock valued at $43,000 after acquiring an additional 1,153 shares during the period. Aster Capital Management DIFC Ltd boosted its position in shares of Teradata by 53.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock valued at $49,000 after acquiring an additional 543 shares during the period. GAMMA Investing LLC boosted its position in shares of Teradata by 150.9% in the first quarter. GAMMA Investing LLC now owns 4,589 shares of the technology company's stock valued at $103,000 after acquiring an additional 2,760 shares during the period. Finally, Raiffeisen Bank International AG bought a new position in shares of Teradata in the fourth quarter valued at approximately $117,000. 90.31% of the stock is currently owned by institutional investors.

Teradata Price Performance

Shares of TDC stock traded up $0.22 during trading hours on Wednesday, hitting $21.53. 821,081 shares of the company's stock were exchanged, compared to its average volume of 1,078,005. The company has a market capitalization of $2.06 billion, a PE ratio of 15.16, a PEG ratio of 6.51 and a beta of 0.83. Teradata Corporation has a 12-month low of $18.43 and a 12-month high of $35.60. The business's 50 day simple moving average is $22.28 and its 200-day simple moving average is $24.33. 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 (NYSE:TDC - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $423.85 million. Teradata had a net margin of 8.10% and a return on equity of 129.98%. The business's revenue was down 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. On average, equities research analysts anticipate that Teradata Corporation will post 1.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

TDC has been the subject of a number of analyst reports. Morgan Stanley upgraded shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective for the company in a research report on Tuesday, April 8th. UBS Group raised shares of Teradata from a "sell" rating to a "hold" rating and lowered their target price for the company from $26.00 to $24.00 in a research note on Friday, June 6th. Northland Capmk downgraded shares of Teradata from a "strong-buy" rating to a "hold" rating 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 on the stock in a research note on Monday, April 21st. Finally, Northland Securities downgraded shares of 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Teradata presently has an average rating of "Hold" and an average target price of $27.25.

Get Our Latest Analysis on TDC

Teradata Profile

(Free Report)

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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Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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