Rhumbline Advisers Sells 47,532 Shares of Teradata Co. (NYSE:TDC)

Rhumbline Advisers trimmed its position in Teradata Co. (NYSE:TDC) by 15.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 260,309 shares of the technology company’s stock after selling 47,532 shares during the period. Rhumbline Advisers owned 0.27% of Teradata worth $5,852,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in shares of Teradata by 20.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company’s stock valued at $66,000 after buying an additional 365 shares in the last quarter. Xponance Inc. grew its holdings in Teradata by 2.3% in the fourth quarter. Xponance Inc. now owns 19,074 shares of the technology company’s stock worth $594,000 after purchasing an additional 428 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Teradata by 3.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,596 shares of the technology company’s stock worth $361,000 after purchasing an additional 431 shares during the period. Aster Capital Management DIFC Ltd increased its stake in shares of Teradata by 53.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company’s stock valued at $49,000 after purchasing an additional 543 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Teradata by 0.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 71,158 shares of the technology company’s stock valued at $2,217,000 after purchasing an additional 568 shares during the last quarter. Institutional investors own 90.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 8th. Northland Capmk cut Teradata from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 7th. JMP Securities reaffirmed a “market perform” rating on shares of Teradata in a research report on Thursday, February 13th. Morgan Stanley upgraded shares of Teradata from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research note on Tuesday, April 8th. Finally, UBS Group upgraded shares of Teradata from a “sell” rating to a “hold” rating and reduced their price objective for the company from $26.00 to $24.00 in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.25.

Teradata Stock Down 0.0%

TDC opened at $22.18 on Friday. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 6.23 and a beta of 0.83. The firm has a 50 day moving average price of $21.72 and a 200-day moving average price of $25.95. Teradata Co. has a twelve month low of $18.43 and a twelve month high of $35.60. 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) last announced its earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. The business had revenue of $418.00 million during the quarter, compared to analyst estimates of $423.85 million. Teradata had a net margin of 6.51% and a return on equity of 149.16%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. Equities research analysts forecast 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.