LPL Financial LLC Sells 2,606 Shares of Teradata Co. (NYSE:TDC)

LPL Financial LLC trimmed its position in shares of Teradata Co. (NYSE:TDC) by 3.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 69,013 shares of the technology company’s stock after selling 2,606 shares during the quarter. LPL Financial LLC’s holdings in Teradata were worth $2,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. UNICOM Systems Inc. purchased a new stake in Teradata during the fourth quarter valued at $3,162,000. Unified Investment Management bought a new stake in shares of Teradata during the 4th quarter valued at about $932,000. Victory Capital Management Inc. increased its position in shares of Teradata by 742.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company’s stock valued at $35,110,000 after purchasing an additional 993,358 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Teradata by 210.2% in the 4th quarter. Versant Capital Management Inc now owns 2,578 shares of the technology company’s stock worth $80,000 after purchasing an additional 1,747 shares during the period. Finally, Merit Financial Group LLC purchased a new position in shares of Teradata in the fourth quarter worth approximately $316,000. 90.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Evercore ISI reduced their target price on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada reduced 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. Guggenheim decreased their target price on Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. JMP Securities reissued a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Finally, StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 8th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.00.

Teradata Price Performance

Shares of Teradata stock opened at $20.53 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65. Teradata Co. has a 52 week low of $18.43 and a 52 week high of $38.45. The stock’s 50-day simple moving average is $23.45 and its 200-day simple moving average is $28.57. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 6.23 and a beta of 0.87.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. As a group, analysts expect that Teradata Co. will post 1.31 earnings per share for the current fiscal 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.