Teradata Corporation (NYSE:TDC) Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd trimmed its stake in shares of Teradata Corporation (NYSE:TDC - Free Report) by 9.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 369,701 shares of the technology company's stock after selling 39,172 shares during the period. Marathon Asset Management Ltd owned 0.38% of Teradata worth $8,311,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TDC. Ameriprise Financial Inc. raised its holdings in Teradata by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company's stock valued at $169,756,000 after buying an additional 599,394 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Teradata by 17.2% in the 4th quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock worth $88,029,000 after acquiring an additional 416,585 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Teradata by 8.1% during 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 period. Norges Bank bought a new position in Teradata during the 4th quarter valued at about $36,315,000. Finally, Victory Capital Management Inc. raised its position in 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 purchasing an additional 993,358 shares during the period. 90.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TDC has been the subject of several research analyst reports. Northland Securities downgraded 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 cut shares of Teradata from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th. Morgan Stanley raised shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price target for the company in a research report on Tuesday, April 8th. Barclays reduced their price objective on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Finally, UBS Group upgraded Teradata from a "sell" rating to a "hold" rating and decreased their price objective for the stock from $26.00 to $24.00 in a research note on Friday, June 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $27.25.

Teradata Price Performance

Teradata stock traded up $0.81 during trading on Tuesday, reaching $23.12. The company had a trading volume of 1,208,270 shares, compared to its average volume of 1,068,876. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a market capitalization of $2.21 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 6.56 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 firm's 50-day simple moving average is $22.06 and its 200 day simple moving average is $25.02.

Teradata (NYSE:TDC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.09. The business 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 business's revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 earnings per share. As a group, equities research analysts anticipate that Teradata Corporation will post 1.31 earnings per share for the current fiscal year.

About Teradata

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.