KBC Group NV Sells 98,808 Shares of Teradata Corporation (NYSE:TDC)

KBC Group NV decreased its position in Teradata Corporation (NYSE:TDC - Free Report) by 95.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,815 shares of the technology company's stock after selling 98,808 shares during the period. KBC Group NV's holdings in Teradata were worth $108,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDC. Charles Schwab Investment Management Inc. grew its position in Teradata by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,217,654 shares of the technology company's stock worth $37,930,000 after purchasing an additional 91,211 shares during the last quarter. Keybank National Association OH acquired a new stake in shares of Teradata in the 4th quarter worth approximately $257,000. Victory Capital Management Inc. lifted its stake in shares of Teradata by 742.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock worth $35,110,000 after acquiring an additional 993,358 shares during the period. M&T Bank Corp lifted its stake in shares of Teradata by 8.1% in the 4th quarter. M&T Bank Corp now owns 9,412 shares of the technology company's stock worth $293,000 after acquiring an additional 707 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Teradata in the 4th quarter worth approximately $3,321,000. Institutional investors own 90.31% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TDC shares. Wall Street Zen raised shares of Teradata from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Northland Securities lowered shares of 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 lowered shares of Teradata from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. UBS Group raised shares of Teradata from a "sell" rating to a "hold" rating and cut their target price for the company from $26.00 to $24.00 in a research note on Friday, June 6th. Finally, Morgan Stanley raised shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 target price for the company in a research note on Tuesday, April 8th. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $27.25.

Teradata Stock Performance

Shares of NYSE TDC traded up $0.09 during mid-day trading on Tuesday, hitting $22.91. The company had a trading volume of 831,882 shares, compared to its average volume of 1,329,404. Teradata Corporation has a 12 month low of $18.43 and a 12 month high of $35.60. The firm has a market cap of $2.19 billion, a P/E ratio of 16.13, a PEG ratio of 6.94 and a beta of 0.83. The business's 50-day simple moving average is $22.25 and its 200-day simple moving average is $24.70. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.84 and a quick ratio of 0.82.

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, beating the consensus estimate of $0.57 by $0.09. The firm had revenue of $418.00 million during the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm posted $0.57 EPS. As a group, analysts predict that Teradata Corporation will post 1.31 earnings per share for the current fiscal 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.