Redwood Investment Management LLC Reduces Position in Teradata Co. (NYSE:TDC)

Redwood Investment Management LLC decreased its stake in shares of Teradata Co. (NYSE:TDC - Free Report) by 92.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,792 shares of the technology company's stock after selling 111,935 shares during the quarter. Redwood Investment Management LLC's holdings in Teradata were worth $274,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TDC. Barclays PLC increased its holdings in shares of Teradata by 49.2% in the 3rd quarter. Barclays PLC now owns 169,687 shares of the technology company's stock valued at $5,150,000 after acquiring an additional 55,979 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Teradata by 2.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,383 shares of the technology company's stock valued at $618,000 after purchasing an additional 455 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Teradata by 73.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 768,892 shares of the technology company's stock valued at $23,951,000 after purchasing an additional 324,442 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Teradata in the 4th quarter valued at about $316,000. Finally, Impact Partnership Wealth LLC acquired a new stake in shares of Teradata in the 4th quarter valued at about $224,000. Hedge funds and other institutional investors own 90.31% of the company's stock.

Teradata Price Performance

NYSE TDC traded down $0.15 during mid-day trading on Tuesday, hitting $22.51. The stock had a trading volume of 823,467 shares, compared to its average volume of 1,033,350. Teradata Co. has a 52-week low of $18.43 and a 52-week high of $35.60. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 6.23 and a beta of 0.80. The company has a 50 day simple moving average of $21.91 and a 200 day simple moving average of $26.88. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. Teradata had a return on equity of 149.16% and a net margin of 6.51%. The firm had revenue of $418.00 million during the quarter, compared to the consensus estimate of $423.85 million. During the same period last year, the business posted $0.57 EPS. Teradata's quarterly revenue was down 10.1% on a year-over-year basis. Equities analysts forecast that Teradata Co. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TDC has been the subject of a number of research analyst reports. Northland Securities cut Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 target price for the company. in a research report on Wednesday, May 7th. StockNews.com cut Teradata from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 8th. Evercore ISI decreased their price objective on Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Northland Capmk cut Teradata from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada decreased their price objective on Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Teradata presently has a consensus rating of "Hold" and an average price target of $27.50.

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.