Allspring Global Investments Holdings LLC Reduces Stock Position in Teradata Co. (NYSE:TDC)

Allspring Global Investments Holdings LLC lowered its stake in Teradata Co. (NYSE:TDC) by 40.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 357,177 shares of the technology company’s stock after selling 239,668 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Teradata were worth $10,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TDC. Point72 Asset Management L.P. purchased a new position in shares of Teradata in the 3rd quarter worth $27,000. Brooklyn Investment Group purchased a new position in Teradata in the third quarter worth about $32,000. Independence Bank of Kentucky purchased a new position in Teradata in the fourth quarter worth about $37,000. Allworth Financial LP boosted its position in Teradata by 75.2% in the third quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock worth $40,000 after purchasing an additional 569 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Teradata by 2,934.1% in the third quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock worth $44,000 after purchasing an additional 1,291 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Teradata Stock Down 0.2 %

TDC opened at $24.78 on Tuesday. The firm’s fifty day moving average is $31.08 and its 200 day moving average is $30.14. Teradata Co. has a fifty-two week low of $22.73 and a fifty-two week high of $39.70. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.79 and a current ratio of 0.80.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a net margin of 4.56% and a return on equity of 145.40%. On average, sell-side analysts forecast that Teradata Co. will post 1.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TDC shares. Northland Securities dropped their price objective on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. JMP Securities reiterated a “market perform” rating on shares of Teradata in a research note on Thursday, February 13th. Evercore ISI dropped their price target on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Barclays lowered their target price on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 12th. Finally, UBS Group lifted their target price on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.