AlphaQuest LLC Trims Holdings in Teradata Co. (NYSE:TDC)

AlphaQuest LLC cut its stake in Teradata Co. (NYSE:TDC) by 63.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,432 shares of the technology company’s stock after selling 7,615 shares during the quarter. AlphaQuest LLC’s holdings in Teradata were worth $138,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TDC. Point72 Asset Management L.P. purchased a new position in shares of Teradata in the third quarter valued at $27,000. Brooklyn Investment Group purchased a new position in shares of Teradata in the third quarter valued at $32,000. Independence Bank of Kentucky purchased a new position in shares of Teradata in the fourth quarter valued at $37,000. Groupama Asset Managment purchased a new position in shares of Teradata in the third quarter valued at $50,000. Finally, GAMMA Investing LLC boosted its stake in Teradata by 91.5% during the fourth quarter. GAMMA Investing LLC now owns 1,829 shares of the technology company’s stock valued at $57,000 after buying an additional 874 shares during the period. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Teradata Trading Up 2.5 %

NYSE TDC opened at $23.27 on Tuesday. Teradata Co. has a 1-year low of $21.80 and a 1-year high of $39.70. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. The stock has a 50-day moving average of $27.65 and a 200-day moving average of $29.59. The firm has a market cap of $2.20 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 6.23 and a beta of 0.75.

Teradata (NYSE:TDC) last released its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a net margin of 6.51% and a return on equity of 149.16%. As a group, sell-side analysts forecast that Teradata Co. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Guggenheim dropped their price objective on Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada dropped their price objective on Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 12th. Barclays dropped their price objective on Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday, February 12th. JMP Securities reissued a “market perform” rating on shares of Teradata in a research note on Thursday, February 13th. Finally, Evercore ISI dropped their price objective on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.40.

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.