Bessemer Group Inc. Cuts Stake in Teradata Corporation (NYSE:TDC)

Bessemer Group Inc. cut its holdings in shares of Teradata Corporation (NYSE:TDC - Free Report) by 66.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,394 shares of the technology company's stock after selling 74,899 shares during the period. Bessemer Group Inc.'s holdings in Teradata were worth $840,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDC. Oppenheimer Asset Management Inc. boosted its position in Teradata by 13.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 131,266 shares of the technology company's stock valued at $2,951,000 after acquiring an additional 16,047 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Teradata by 990.6% during the first quarter. State of Alaska Department of Revenue now owns 119,026 shares of the technology company's stock valued at $2,675,000 after purchasing an additional 108,112 shares in the last quarter. Mission Wealth Management LP grew its stake in Teradata by 14.0% in the first quarter. Mission Wealth Management LP now owns 25,222 shares of the technology company's stock worth $567,000 after purchasing an additional 3,093 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Teradata in the first quarter worth $246,000. Finally, Assenagon Asset Management S.A. raised its holdings in Teradata by 42.2% in the first quarter. Assenagon Asset Management S.A. now owns 1,093,028 shares of the technology company's stock worth $24,571,000 after purchasing an additional 324,136 shares in the last quarter. Institutional investors own 90.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TDC. Wall Street Zen raised shares of Teradata from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Guggenheim cut their price objective on shares of Teradata from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Barclays lowered their target price on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Northland Securities downgraded Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price target on the stock. in a research note on Wednesday, May 7th. Finally, Morgan Stanley raised 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. One research 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.com, the company has an average rating of "Hold" and a consensus price target of $27.25.

Teradata Stock Performance

Shares of TDC traded up $0.02 during mid-day trading on Friday, hitting $23.21. 1,204,859 shares of the company traded hands, compared to its average volume of 1,076,265. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 6.94 and a beta of 0.83. The stock has a 50-day moving average price of $22.23 and a two-hundred day moving average price of $24.86. 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 quick ratio of 0.82 and a current ratio of 0.84.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly 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. The firm had revenue of $418.00 million for the quarter, compared to the consensus estimate of $423.85 million. Teradata had a return on equity of 129.98% and a net margin of 8.10%. During the same period last year, the business posted $0.57 EPS. The company's revenue for the quarter was down 10.1% on a year-over-year basis. Equities analysts anticipate that Teradata Corporation will post 1.31 earnings per share for the current year.

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.