Allspring Global Investments Holdings LLC Has $2.53 Million Stake in Teradata Corporation (NYSE:TDC)

Allspring Global Investments Holdings LLC trimmed its stake in Teradata Corporation (NYSE:TDC) by 68.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,163 shares of the technology company’s stock after selling 246,014 shares during the period. Allspring Global Investments Holdings LLC owned about 0.12% of Teradata worth $2,529,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aster Capital Management DIFC Ltd increased its holdings in Teradata by 53.0% in 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 during the period. UMB Bank n.a. increased its holdings in Teradata by 153.1% in the first quarter. UMB Bank n.a. now owns 1,906 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,153 shares during the period. Raiffeisen Bank International AG acquired a new stake in Teradata during the 4th quarter worth about $117,000. New Vernon Capital Holdings II LLC acquired a new stake in Teradata during the 4th quarter worth about $133,000. Finally, GAMMA Investing LLC grew its holdings in Teradata by 150.9% during the 1st quarter. GAMMA Investing LLC now owns 4,589 shares of the technology company’s stock worth $103,000 after acquiring an additional 2,760 shares during the period. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Teradata Stock Up 0.1%

TDC opened at $23.21 on Monday. The company has a fifty day moving average price of $22.23 and a 200-day moving average price of $24.76. The firm has a market capitalization of $2.22 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 6.94 and a beta of 0.83. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.84 and a quick ratio of 0.82. Teradata Corporation has a one year low of $18.43 and a one year high of $35.60.

Teradata (NYSE:TDC) last released its quarterly 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 during the quarter, compared to analyst estimates of $423.85 million. Teradata had a net margin of 8.10% and a return on equity of 129.98%. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 EPS. Equities research analysts expect that Teradata Corporation will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TDC. Wall Street Zen upgraded Teradata from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. Morgan Stanley upgraded Teradata from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a research note on Tuesday, April 8th. UBS Group upgraded Teradata from a “sell” rating to a “hold” rating and reduced their target price for the company from $26.00 to $24.00 in a research note on Friday, June 6th. Northland Securities downgraded Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 target price for the company. in a research note on Wednesday, May 7th. Finally, Northland Capmk downgraded Teradata from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradata currently has a consensus rating of “Hold” and a consensus price target of $27.25.

Teradata 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.