Teradata Co. (NYSE:TDC) Shares Sold by Redwood Investment Management LLC

Redwood Investment Management LLC lessened its stake in shares of Teradata Co. (NYSE:TDC - Free Report) by 92.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. ProShare Advisors LLC boosted its position in Teradata by 14.2% during the fourth quarter. ProShare Advisors LLC now owns 13,041 shares of the technology company's stock valued at $406,000 after purchasing an additional 1,619 shares in the last quarter. Quantedge Capital Pte Ltd acquired a new position in shares of Teradata during the fourth quarter worth $2,744,000. Quantinno Capital Management LP lifted its holdings in shares of Teradata by 84.8% during the 4th quarter. Quantinno Capital Management LP now owns 143,859 shares of the technology company's stock valued at $4,481,000 after purchasing an additional 66,021 shares during the last quarter. Man Group plc raised its stake in Teradata by 34.1% in the fourth quarter. Man Group plc now owns 495,372 shares of the technology company's stock valued at $15,431,000 after buying an additional 125,985 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in Teradata in the 4th quarter worth approximately $396,000. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TDC has been the subject of a number of research reports. Guggenheim lowered their price target on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen cut Teradata from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 8th. Northland Securities lowered Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 target price on the stock. in a research report on Wednesday, May 7th. Evercore ISI reduced their price target on shares of Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada decreased their price objective on shares of Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Teradata presently has a consensus rating of "Hold" and an average target price of $27.50.

Teradata Stock Performance

TDC stock traded up $0.32 during midday trading on Thursday, hitting $22.14. 246,860 shares of the stock traded hands, compared to its average volume of 1,032,420. Teradata Co. has a 1-year low of $18.43 and a 1-year high of $35.60. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. The stock's fifty day simple moving average is $21.90 and its 200-day simple moving average is $26.81. The firm has a market cap of $2.12 billion, a P/E ratio of 18.90, a PEG ratio of 6.23 and a beta of 0.80.

Teradata (NYSE:TDC - Get Free Report) last posted 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 firm had revenue of $418.00 million for the quarter, compared to analysts' expectations of $423.85 million. Teradata had a return on equity of 149.16% and a net margin of 6.51%. The company's quarterly revenue was down 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.57 EPS. On average, analysts expect that Teradata Co. will post 1.31 earnings per share for the current 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.