New York State Common Retirement Fund Trims Stake in Teradata Corporation (TDC)

New York State Common Retirement Fund cut its holdings in Teradata Corporation (NYSE:TDC) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 420,110 shares of the technology company’s stock after selling 2,224 shares during the period. New York State Common Retirement Fund owned about 0.32% of Teradata worth $14,196,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Great West Life Assurance Co. Can boosted its stake in shares of Teradata by 131.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 79,064 shares of the technology company’s stock worth $2,330,000 after purchasing an additional 44,874 shares during the period. Arizona State Retirement System boosted its stake in shares of Teradata by 70.6% during the 2nd quarter. Arizona State Retirement System now owns 55,200 shares of the technology company’s stock worth $1,628,000 after purchasing an additional 22,846 shares during the period. Wedge Capital Management L L P NC boosted its position in Teradata by 0.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 19,366 shares of the technology company’s stock valued at $571,000 after buying an additional 87 shares during the period. Teacher Retirement System of Texas boosted its position in Teradata by 3.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,591 shares of the technology company’s stock valued at $312,000 after buying an additional 325 shares during the period. Finally, Legal & General Group Plc boosted its position in Teradata by 19.7% in the 2nd quarter. Legal & General Group Plc now owns 163,021 shares of the technology company’s stock valued at $4,809,000 after buying an additional 26,822 shares during the period. Hedge funds and other institutional investors own 97.94% of the company’s stock.

Teradata Corporation (NYSE TDC) opened at $38.57 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.56 and a current ratio of 1.61. The company has a market cap of $4,666.36, a P/E ratio of 34.43, a P/E/G ratio of 14.19 and a beta of 1.26. Teradata Corporation has a 52 week low of $26.55 and a 52 week high of $39.33.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.12 by $0.17. The firm had revenue of $526.00 million during the quarter, compared to analyst estimates of $511.23 million. Teradata had a net margin of 3.01% and a return on equity of 16.47%. Teradata’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. analysts forecast that Teradata Corporation will post 0.91 earnings per share for the current year.

In related news, CFO Mark Culhane purchased 4,500 shares of the business’s stock in a transaction on Friday, December 1st. The shares were acquired at an average price of $37.66 per share, for a total transaction of $169,470.00. Following the purchase, the chief financial officer now owns 29,924 shares of the company’s stock, valued at approximately $1,126,937.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.73% of the company’s stock.

Several equities research analysts have issued reports on the stock. Summit Redstone raised shares of Teradata from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. UBS boosted their price objective on shares of Teradata from $24.00 to $30.00 and gave the company a “sell” rating in a research report on Thursday, November 9th. Morgan Stanley boosted their price objective on shares of Teradata from $29.00 to $31.00 and gave the company an “underweight” rating in a research report on Friday, November 3rd. BMO Capital Markets boosted their price objective on shares of Teradata from $32.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, November 3rd. Finally, Mizuho boosted their price objective on shares of Teradata from $26.00 to $32.00 and gave the company an “underperform” rating in a research report on Thursday, November 2nd. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $31.75.

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About Teradata

Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.

Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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