Teradata Co. (NYSE:TDC) Stake Trimmed by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC trimmed its position in Teradata Co. (NYSE:TDC) by 69.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 86,303 shares of the technology company’s stock after selling 198,213 shares during the period. Cubist Systematic Strategies LLC’s holdings in Teradata were worth $2,688,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Barclays PLC grew its position in Teradata by 49.2% during the 3rd quarter. Barclays PLC now owns 169,687 shares of the technology company’s stock worth $5,150,000 after purchasing an additional 55,979 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Teradata by 21.4% during the third quarter. Franklin Resources Inc. now owns 127,029 shares of the technology company’s stock valued at $4,029,000 after buying an additional 22,359 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Teradata by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 557,521 shares of the technology company’s stock worth $16,915,000 after acquiring an additional 32,940 shares in the last quarter. GAMMA Investing LLC boosted its position in Teradata by 91.5% during the 4th quarter. GAMMA Investing LLC now owns 1,829 shares of the technology company’s stock worth $57,000 after acquiring an additional 874 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Teradata by 2.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,383 shares of the technology company’s stock valued at $618,000 after acquiring an additional 455 shares in the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TDC. Royal Bank of Canada reduced their price target on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 12th. Barclays decreased their target price on shares of Teradata from $25.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, April 21st. 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. Northland Capmk cut Teradata from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, StockNews.com lowered Teradata from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.50.

Teradata Stock Performance

Shares of NYSE TDC opened at $22.47 on Friday. The business’s 50-day simple moving average is $21.85 and its 200-day simple moving average is $27.29. Teradata Co. has a 52 week low of $18.43 and a 52 week high of $35.60. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 6.23 and a beta of 0.80.

Teradata (NYSE:TDC) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.09. Teradata had a return on equity of 149.16% and a net margin of 6.51%. The company had revenue of $418.00 million for the quarter, compared to the consensus estimate of $423.85 million. During the same period last year, the business posted $0.57 earnings per share. The firm’s revenue was down 10.1% compared to the same quarter last year. As a group, equities research analysts expect that Teradata Co. will post 1.31 earnings per share 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.