Teradata Corporation (NYSE:TDC) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in Teradata Corporation (NYSE:TDC - Free Report) by 35.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,478 shares of the technology company's stock after selling 16,466 shares during the period. Amalgamated Bank's holdings in Teradata were worth $685,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. increased its stake in Teradata by 2.3% during the 4th quarter. Xponance Inc. now owns 19,074 shares of the technology company's stock worth $594,000 after buying an additional 428 shares in the last quarter. Aster Capital Management DIFC Ltd increased its position in shares of Teradata by 53.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock worth $49,000 after purchasing an additional 543 shares in the last quarter. Vise Technologies Inc. raised its stake in Teradata by 7.4% in the 4th quarter. Vise Technologies Inc. now owns 9,562 shares of the technology company's stock valued at $298,000 after purchasing an additional 662 shares during the last quarter. M&T Bank Corp lifted its holdings in Teradata by 8.1% in the 4th quarter. M&T Bank Corp now owns 9,412 shares of the technology company's stock valued at $293,000 after purchasing an additional 707 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Teradata by 153.1% during the 1st quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock worth $43,000 after purchasing an additional 1,153 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TDC shares. Northland Securities cut shares of Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 target price for the company. in a research report on Wednesday, May 7th. UBS Group upgraded shares of Teradata from a "sell" rating to a "hold" rating and cut their price objective for the company from $26.00 to $24.00 in a report on Friday, June 6th. Wall Street Zen upgraded Teradata from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Guggenheim cut 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. Finally, Morgan Stanley upgraded Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective on the stock in a research report on Tuesday, April 8th. One 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 company has an average rating of "Hold" and a consensus target price of $27.25.

Teradata Stock Down 2.0%

Shares of TDC stock traded down $0.46 during trading on Thursday, reaching $22.27. The company's stock had a trading volume of 860,138 shares, compared to its average volume of 1,075,858. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 6.85 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 debt-to-equity ratio of 3.11, a current ratio of 0.84 and a quick ratio of 0.82. The stock's 50-day moving average price is $22.30 and its 200 day moving average price is $24.67.

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 business had revenue of $418.00 million during 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 company's quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 earnings per share. On average, research analysts anticipate that Teradata Corporation will post 1.31 EPS for the current year.

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.