New York State Common Retirement Fund Has $1.74 Million Position in Teradata Co. (NYSE:TDC)

New York State Common Retirement Fund cut its stake in Teradata Co. (NYSE:TDC) by 11.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,957 shares of the technology company’s stock after selling 7,500 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Teradata worth $1,743,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of Teradata by 5.2% in the 4th quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company’s stock valued at $67,899,000 after purchasing an additional 108,426 shares during the period. FMR LLC raised its position in Teradata by 2.7% in the 3rd quarter. FMR LLC now owns 1,932,741 shares of the technology company’s stock valued at $58,639,000 after buying an additional 51,080 shares during the last quarter. Geode Capital Management LLC raised its position in Teradata by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,685,317 shares of the technology company’s stock valued at $51,145,000 after buying an additional 8,289 shares during the last quarter. M&G PLC lifted its stake in Teradata by 4.4% in the 3rd quarter. M&G PLC now owns 1,235,174 shares of the technology company’s stock valued at $37,055,000 after acquiring an additional 51,491 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Teradata by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,126,443 shares of the technology company’s stock worth $34,176,000 after acquiring an additional 31,343 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. UBS Group lifted their price objective on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Royal Bank of Canada lowered their price target on Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 12th. StockNews.com cut Teradata from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 13th. JMP Securities reissued a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Finally, Barclays cut their price target on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $34.40.

Teradata Stock Performance

Teradata stock opened at $23.79 on Monday. Teradata Co. has a 1-year low of $22.73 and a 1-year high of $39.70. The firm has a market cap of $2.25 billion, a P/E ratio of 20.34, a P/E/G ratio of 6.23 and a beta of 0.78. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. The firm has a 50-day moving average of $29.56 and a 200-day moving average of $29.98.

Teradata (NYSE:TDC) last posted its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. Sell-side analysts expect that Teradata Co. will post 1.31 EPS 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.