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

Marathon Asset Management Ltd cut its stake in shares of Teradata Corporation (NYSE:TDC - Free Report) by 9.6% during the 1st quarter, according to its most recent filing 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 approximately 0.38% of Teradata worth $8,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Teradata during the 4th quarter worth approximately $36,315,000. Unified Investment Management acquired a new position in Teradata during the 4th quarter worth approximately $932,000. Victory Capital Management Inc. lifted its position in Teradata by 742.5% during 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 in the last quarter. SG Americas Securities LLC lifted its position in Teradata by 1,220.2% during the 1st quarter. SG Americas Securities LLC now owns 45,019 shares of the technology company's stock worth $1,012,000 after acquiring an additional 41,609 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in Teradata during the 4th quarter worth approximately $631,000. 90.31% of the stock is owned by institutional investors and hedge funds.

Teradata Price Performance

TDC stock opened at $21.95 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 3.11. Teradata Corporation has a 52-week low of $18.43 and a 52-week high of $35.60. The stock's 50 day moving average is $22.01 and its two-hundred day moving average is $25.20. The company has a market capitalization of $2.10 billion, a PE ratio of 15.46, a P/E/G ratio of 6.50 and a beta of 0.83.

Teradata (NYSE:TDC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.09. Teradata had a return on equity of 129.98% and a net margin of 8.10%. The business had revenue of $418.00 million during the quarter, compared to the consensus estimate of $423.85 million. During the same period in the previous year, the business earned $0.57 EPS. The business's quarterly revenue was down 10.1% on a year-over-year basis. Analysts predict that Teradata Corporation will post 1.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Northland Capmk lowered Teradata from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Guggenheim reduced their price target on Teradata from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. 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 report on Tuesday, April 8th. UBS Group upgraded Teradata from a "sell" rating to a "hold" rating and dropped their price objective for the stock from $26.00 to $24.00 in a report on Friday, June 6th. Finally, 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 report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus 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.

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