New York State Common Retirement Fund Trims Holdings in Teradata Co. (NYSE:TDC)

New York State Common Retirement Fund cut its stake in Teradata Co. (NYSE:TDC) by 17.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,296 shares of the technology company’s stock after selling 18,261 shares during the quarter. New York State Common Retirement Fund owned about 0.09% of Teradata worth $3,711,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Teradata by 4.4% in the third quarter. Vanguard Group Inc. now owns 11,671,512 shares of the technology company’s stock valued at $525,451,000 after purchasing an additional 496,702 shares in the last quarter. American Century Companies Inc. grew its position in shares of Teradata by 21.2% in the third quarter. American Century Companies Inc. now owns 2,585,939 shares of the technology company’s stock valued at $116,419,000 after purchasing an additional 451,816 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Teradata by 7.0% in the third quarter. AQR Capital Management LLC now owns 1,362,284 shares of the technology company’s stock valued at $61,330,000 after purchasing an additional 89,280 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of Teradata by 3.1% in the fourth quarter. Boston Trust Walden Corp now owns 1,267,342 shares of the technology company’s stock valued at $55,142,000 after purchasing an additional 38,043 shares in the last quarter. Finally, FMR LLC grew its position in shares of Teradata by 24.4% in the third quarter. FMR LLC now owns 1,241,111 shares of the technology company’s stock valued at $55,875,000 after purchasing an additional 243,806 shares in the last quarter. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $37.45, for a total value of $364,875.35. Following the completion of the sale, the insider now owns 156,704 shares of the company’s stock, valued at approximately $5,868,564.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Stephen Mcmillan sold 40,597 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the transaction, the chief executive officer now owns 528,302 shares in the company, valued at approximately $20,191,702.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Hillary Ashton sold 9,743 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $37.45, for a total value of $364,875.35. Following the transaction, the insider now owns 156,704 shares in the company, valued at approximately $5,868,564.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,615 shares of company stock valued at $2,903,644. Insiders own 0.92% of the company’s stock.

Wall Street Analyst Weigh In

TDC has been the subject of several research analyst reports. StockNews.com lowered Teradata from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. JMP Securities reissued a “market outperform” rating and set a $72.00 price objective on shares of Teradata in a research note on Tuesday, February 13th. Royal Bank of Canada dropped their price objective on Teradata from $59.00 to $48.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 13th. Bank of America lowered Teradata from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $58.00 to $48.00 in a research note on Tuesday, February 13th. Finally, Barclays dropped their price objective on Teradata from $43.00 to $39.00 and set an “underweight” rating for the company in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Teradata currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.33.

Teradata Trading Down 0.1 %

Shares of TDC stock opened at $37.24 on Monday. Teradata Co. has a 12-month low of $35.36 and a 12-month high of $57.73. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 4.02. The business has a 50-day moving average price of $37.74 and a two-hundred day moving average price of $42.33. The firm has a market cap of $3.64 billion, a P/E ratio of 61.05, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95.

Teradata (NYSE:TDC) last released its earnings results on Monday, February 12th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The company had revenue of $457.00 million during the quarter, compared to analyst estimates of $455.84 million. During the same quarter in the previous year, the company posted $0.05 EPS. Teradata’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts anticipate that Teradata Co. will post 1.27 EPS for the current fiscal 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.