Corebridge Financial Inc. Sells 104,598 Shares of Teradata Corporation $TDC

Key Points

• Corebridge Financial Inc. significantly reduced its stake in Teradata Corporation by 95.6%, leaving it with only 4,784 shares worth approximately $108,000 after selling 104,598 shares.
• Multiple investors, including US Bancorp DE and UMB Bank, increased their holdings in Teradata, reflecting a shift in institutional interest despite Corebridge's reduction.
• Analysts have provided a mixed outlook on Teradata, with price targets being lowered; the average rating is now "Hold" with a price target of $26.86.

Corebridge Financial Inc. decreased its position in shares of Teradata Corporation (NYSE:TDC - Free Report) by 95.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,784 shares of the technology company's stock after selling 104,598 shares during the quarter. Corebridge Financial Inc.'s holdings in Teradata were worth $108,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Teradata by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 13,774,843 shares of the technology company's stock worth $309,658,000 after purchasing an additional 728,333 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Teradata by 63.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 35,689 shares of the technology company's stock valued at $802,000 after acquiring an additional 13,847 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Teradata in the 1st quarter valued at about $1,317,000. LSV Asset Management raised its holdings in shares of Teradata by 95.6% in the 1st quarter. LSV Asset Management now owns 1,588,999 shares of the technology company's stock valued at $35,721,000 after acquiring an additional 776,799 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Teradata by 1,220.2% in the 1st quarter. SG Americas Securities LLC now owns 45,019 shares of the technology company's stock valued at $1,012,000 after acquiring an additional 41,609 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company's stock.

Teradata Stock Down 1.8%

Shares of TDC stock traded down $0.39 during mid-day trading on Friday, hitting $21.16. The company's stock had a trading volume of 807,400 shares, compared to its average volume of 810,506. Teradata Corporation has a 52-week low of $18.43 and a 52-week high of $33.69. The business has a 50-day moving average price of $21.30 and a 200 day moving average price of $21.83. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 5.46 and a beta of 0.78.

Teradata (NYSE:TDC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.06. Teradata had a return on equity of 96.29% and a net margin of 6.57%.The firm had revenue of $408.00 million during the quarter, compared to analysts' expectations of $399.73 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company's revenue was down 6.4% on a year-over-year basis. Teradata has set its Q3 2025 guidance at 0.510-0.55 EPS. FY 2025 guidance at 2.170-2.25 EPS. Research analysts predict that Teradata Corporation will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TDC. UBS Group decreased their price objective on Teradata from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Zacks Research cut Teradata from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. Finally, Wall Street Zen raised Teradata from a "hold" rating to a "buy" rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Teradata currently has a consensus rating of "Hold" and an average target price of $26.86.

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.