Bank of New York Mellon Corp Sells 58,543 Shares of Teradata Corporation (NYSE:TDC)

Bank of New York Mellon Corp lowered its position in shares of Teradata Corporation (NYSE:TDC) by 6.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 871,465 shares of the technology company’s stock after selling 58,543 shares during the quarter. Bank of New York Mellon Corp owned about 0.91% of Teradata worth $19,591,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TDC. Tsfg LLC acquired a new position in shares of Teradata in the 1st quarter valued at about $26,000. UMB Bank n.a. lifted its stake 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 buying an additional 1,153 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in shares of Teradata by 53.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company’s stock worth $49,000 after buying an additional 543 shares in the last quarter. GAMMA Investing LLC grew its position in shares of 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 buying an additional 2,760 shares during the period. Finally, Raiffeisen Bank International AG bought a new stake in shares of Teradata in the 4th quarter valued at $117,000. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Guggenheim decreased their price target on shares of Teradata from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Barclays reduced their price objective on Teradata from $25.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, April 21st. UBS Group raised Teradata from a “sell” rating to a “hold” rating and lowered their target price for the stock from $26.00 to $24.00 in a research report on Friday, June 6th. Morgan Stanley upgraded Teradata from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a report on Tuesday, April 8th. Finally, Northland Capmk downgraded shares of Teradata from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.25.

Teradata Trading Down 0.9%

NYSE:TDC opened at $21.61 on Friday. Teradata Corporation has a 52 week low of $18.43 and a 52 week high of $33.69. The firm has a 50-day moving average price of $22.23 and a two-hundred day moving average price of $24.18. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 6.52 and a beta of 0.83. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.82 and a current ratio of 0.84.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. The business had revenue of $418.00 million for the quarter, compared to analyst estimates of $423.85 million. Teradata had a return on equity of 129.98% and a net margin of 8.10%. Teradata’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. On average, equities analysts expect that Teradata Corporation will post 1.31 earnings per share for the current fiscal 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.