Teacher Retirement System of Texas Has $1.28 Million Stock Position in Teradata Corporation (NYSE:TDC)

Teacher Retirement System of Texas cut its stake in Teradata Corporation (NYSE:TDC - Free Report) by 29.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,957 shares of the technology company's stock after selling 23,609 shares during the period. Teacher Retirement System of Texas owned 0.06% of Teradata worth $1,280,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Teradata in the fourth quarter worth $36,315,000. SG Americas Securities LLC grew its stake in shares of Teradata by 1,220.2% in the first quarter. SG Americas Securities LLC now owns 45,019 shares of the technology company's stock worth $1,012,000 after purchasing an additional 41,609 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Teradata in the fourth quarter worth $631,000. Wedge Capital Management L L P NC grew its stake in shares of Teradata by 29.3% in the first quarter. Wedge Capital Management L L P NC now owns 74,831 shares of the technology company's stock worth $1,682,000 after purchasing an additional 16,959 shares in the last quarter. Finally, Trexquant Investment LP grew its stake in shares of Teradata by 23.9% in the fourth quarter. Trexquant Investment LP now owns 238,510 shares of the technology company's stock worth $7,430,000 after purchasing an additional 45,963 shares in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Teradata Price Performance

NYSE:TDC traded down $0.80 during mid-day trading on Friday, reaching $21.47. 797,034 shares of the stock were exchanged, compared to its average volume of 1,079,312. The business has a fifty day moving average price of $22.30 and a 200 day moving average price of $24.48. The firm has a market capitalization of $2.05 billion, a PE ratio of 15.12, a PEG ratio of 6.41 and a beta of 0.83. Teradata Corporation has a 1-year low of $18.43 and a 1-year high of $35.60. 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 released its earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share (EPS) 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 firm had revenue of $418.00 million for the quarter, compared to analyst estimates of $423.85 million. During the same period in the previous year, the company earned $0.57 earnings per share. Teradata's revenue was down 10.1% compared to the same quarter last year. Research analysts expect that Teradata Corporation will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TDC shares. Barclays decreased their price target 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 raised Teradata from a "sell" rating to a "hold" rating and decreased their price target for the stock from $26.00 to $24.00 in a research note on Friday, June 6th. Northland Securities cut Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price target for the company. in a research note on Wednesday, May 7th. Northland Capmk cut Teradata from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised Teradata from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.