Allspring Global Investments Holdings LLC Purchases 2,364 Shares of Teradata Co. (NYSE:TDC)

Allspring Global Investments Holdings LLC increased its stake in Teradata Co. (NYSE:TDC) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 554,751 shares of the technology company’s stock after purchasing an additional 2,364 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.57% of Teradata worth $19,172,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its holdings in Teradata by 10.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,013,089 shares of the technology company’s stock worth $35,012,000 after purchasing an additional 96,697 shares during the last quarter. Calamos Advisors LLC lifted its holdings in Teradata by 9.6% in the 2nd quarter. Calamos Advisors LLC now owns 22,454 shares of the technology company’s stock worth $776,000 after purchasing an additional 1,961 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in Teradata by 18.1% in the 2nd quarter. Retirement Systems of Alabama now owns 607,822 shares of the technology company’s stock worth $21,006,000 after purchasing an additional 93,365 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its holdings in Teradata by 12.1% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,486,883 shares of the technology company’s stock worth $51,387,000 after purchasing an additional 159,990 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Teradata in the 2nd quarter worth approximately $72,000. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TDC has been the subject of several analyst reports. Bank of America lowered Teradata from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $48.00 to $39.00 in a report on Tuesday, May 7th. Royal Bank of Canada cut their price target on Teradata from $40.00 to $32.00 and set a “sector perform” rating for the company in a report on Tuesday, August 6th. Northland Securities cut their price target on Teradata from $49.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Barclays cut their price target on Teradata from $35.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, August 6th. Finally, TD Cowen cut their price target on Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.36.

Teradata Stock Performance

TDC opened at $27.91 on Thursday. The stock has a market cap of $2.70 billion, a PE ratio of 66.45, a P/E/G ratio of 2.56 and a beta of 0.84. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. Teradata Co. has a 1 year low of $24.02 and a 1 year high of $49.44. The stock’s 50 day simple moving average is $31.10 and its 200-day simple moving average is $34.42.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Monday, August 5th. The technology company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The firm had revenue of $436.00 million for the quarter, compared to analysts’ expectations of $447.30 million. During the same period in the prior year, the business posted $0.20 earnings per share. The business’s revenue was down 5.6% compared to the same quarter last year. Sell-side analysts forecast that Teradata Co. will post 1.3 EPS for the current year.

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.