New York State Common Retirement Fund Increases Stock Position in Teradata Corporation (NYSE:TDC)

New York State Common Retirement Fund increased its stake in Teradata Corporation (NYSE:TDC) by 11.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 62,457 shares of the technology company’s stock after buying an additional 6,500 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Teradata worth $1,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDC. Aster Capital Management DIFC Ltd lifted its holdings in 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 during the last quarter. Vise Technologies Inc. raised its stake in Teradata by 7.4% in the fourth quarter. Vise Technologies Inc. now owns 9,562 shares of the technology company’s stock valued at $298,000 after purchasing an additional 662 shares in the last quarter. UMB Bank n.a. increased its position in shares of Teradata by 153.1% during the 1st 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 last quarter. Tsfg LLC purchased a new position in shares of Teradata during the first quarter worth approximately $26,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Teradata by 12.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,986 shares of the technology company’s stock worth $292,000 after purchasing an additional 1,390 shares during the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TDC. Wall Street Zen upgraded shares of Teradata from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. Barclays dropped their price target on shares of Teradata from $25.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. Northland Securities cut shares of Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 price target on the stock. in a research note on Wednesday, May 7th. Guggenheim dropped their price target on shares of Teradata from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Finally, UBS Group upgraded shares of Teradata from a “sell” rating to a “hold” rating and dropped their price target for the stock from $26.00 to $24.00 in a research note on Friday, June 6th. One 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $27.25.

Teradata Price Performance

Shares of NYSE:TDC opened at $21.64 on Friday. Teradata Corporation has a fifty-two week low of $18.43 and a fifty-two week high of $33.69. The business has a 50-day simple moving average of $22.14 and a two-hundred day simple moving average of $24.00. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 6.64 and a beta of 0.83.

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

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.