Amalgamated Bank Sells 16,466 Shares of Teradata Corporation (NYSE:TDC)

Amalgamated Bank cut its stake in shares of Teradata Corporation (NYSE:TDC - Free Report) by 35.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,478 shares of the technology company's stock after selling 16,466 shares during the quarter. Amalgamated Bank's holdings in Teradata were worth $685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tsfg LLC acquired a new position in shares of Teradata in the 1st quarter valued at about $26,000. Aster Capital Management DIFC Ltd lifted its stake in shares of Teradata by 53.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock valued at $49,000 after purchasing an additional 543 shares during the period. UMB Bank n.a. lifted its stake in shares of Teradata by 153.1% in the 1st quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock valued at $43,000 after purchasing an additional 1,153 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of Teradata in the 4th quarter valued at about $117,000. Finally, New Vernon Capital Holdings II LLC acquired a new position in shares of Teradata in the 4th quarter valued at about $133,000. 90.31% of the stock is owned by institutional investors and hedge funds.

Teradata Stock Down 3.6%

TDC stock traded down $0.80 during trading on Friday, reaching $21.47. 797,034 shares of the stock were exchanged, compared to its average volume of 1,079,312. The firm's 50 day moving average is $22.30 and its 200 day moving average is $24.48. Teradata Corporation has a twelve month low of $18.43 and a twelve month 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. The firm has a market cap of $2.05 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 6.41 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, topping analysts' consensus estimates of $0.57 by $0.09. The firm had revenue of $418.00 million during the quarter, compared to analyst estimates of $423.85 million. Teradata had a return on equity of 129.98% and a net margin of 8.10%. The company's revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. As a group, research analysts forecast that Teradata Corporation will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Northland Capmk downgraded Teradata from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Northland Securities downgraded Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price objective on the stock. in a research note on Wednesday, May 7th. Wall Street Zen raised Teradata from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Barclays dropped their price objective on Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Finally, UBS Group raised Teradata from a "sell" rating to a "hold" rating and dropped their price target for the stock from $26.00 to $24.00 in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Teradata currently has a consensus rating of "Hold" and an average price target of $27.25.

Teradata 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.