Allspring Global Investments Holdings LLC Purchases 131,237 Shares of Teradata Co. (NYSE:TDC)

Allspring Global Investments Holdings LLC boosted its position in shares of Teradata Co. (NYSE:TDC - Free Report) by 35.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 499,028 shares of the technology company's stock after purchasing an additional 131,237 shares during the period. Allspring Global Investments Holdings LLC owned about 0.51% of Teradata worth $21,713,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TDC. International Assets Investment Management LLC raised its stake in shares of Teradata by 173.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,914 shares of the technology company's stock worth $83,000 after buying an additional 1,213 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Teradata by 24.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 139,096 shares of the technology company's stock worth $6,052,000 after buying an additional 27,004 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Teradata by 36.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,326 shares of the technology company's stock worth $1,972,000 after buying an additional 12,006 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of Teradata by 3.7% during the fourth quarter. New York State Teachers Retirement System now owns 142,517 shares of the technology company's stock worth $6,201,000 after buying an additional 5,134 shares during the last quarter. Finally, Boston Trust Walden Corp raised its stake in shares of Teradata by 3.1% during the fourth quarter. Boston Trust Walden Corp now owns 1,267,342 shares of the technology company's stock worth $55,142,000 after buying an additional 38,043 shares during the last quarter. 90.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TDC shares. Royal Bank of Canada dropped their price target on shares of Teradata from $59.00 to $48.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 13th. JMP Securities restated a "market outperform" rating and set a $72.00 price objective on shares of Teradata in a report on Tuesday, February 13th. Bank of America cut shares of Teradata from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $58.00 to $48.00 in a report on Tuesday, February 13th. StockNews.com cut shares of Teradata from a "strong-buy" rating to a "buy" rating in a report on Friday. Finally, Citigroup boosted their price objective on shares of Teradata from $57.00 to $60.00 and gave the company a "buy" rating in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $57.30.

Insiders Place Their Bets

In other Teradata news, CEO Stephen Mcmillan sold 40,597 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the sale, the chief executive officer now directly owns 528,302 shares of the company's stock, valued at $20,191,702.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the transaction, the chief executive officer now directly owns 528,302 shares of the company's stock, valued at $20,191,702.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hillary Ashton sold 9,743 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the completion of the transaction, the insider now directly owns 156,704 shares in the company, valued at $5,868,564.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,615 shares of company stock valued at $2,903,644. 0.92% of the stock is currently owned by corporate insiders.

Teradata Stock Down 3.2 %

TDC traded down $1.19 during trading hours on Friday, hitting $36.31. 977,771 shares of the company's stock were exchanged, compared to its average volume of 1,040,037. Teradata Co. has a 1-year low of $36.23 and a 1-year high of $57.73. The stock's 50-day moving average is $39.29 and its two-hundred day moving average is $43.20. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 59.52, a PEG ratio of 1.60 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 4.02.

Teradata (NYSE:TDC - Get Free Report) last announced its earnings results on Monday, February 12th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.51 by $0.05. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The business had revenue of $457.00 million during the quarter, compared to analysts' expectations of $455.84 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The firm's revenue was up 1.1% on a year-over-year basis. Sell-side analysts predict that Teradata Co. will post 1.27 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.