Wedge Capital Management L L P NC Sells 4,248 Shares of Teradata Co. (NYSE:TDC)

Wedge Capital Management L L P NC reduced its stake in Teradata Co. (NYSE:TDC) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,872 shares of the technology company’s stock after selling 4,248 shares during the period. Wedge Capital Management L L P NC owned approximately 0.06% of Teradata worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lynrock Lake LP lifted its position in Teradata by 9.9% during the 2nd quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock worth $230,400,000 after buying an additional 600,000 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Teradata by 60.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock valued at $73,827,000 after buying an additional 808,691 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Teradata by 21.7% during the 3rd quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock valued at $62,843,000 after purchasing an additional 369,123 shares in the last quarter. FMR LLC raised its holdings in Teradata by 2.7% during the 3rd quarter. FMR LLC now owns 1,932,741 shares of the technology company’s stock worth $58,639,000 after buying an additional 51,080 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Teradata by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,685,317 shares of the technology company’s stock valued at $51,145,000 after buying an additional 8,289 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TDC shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price objective on shares of Teradata in a research report on Tuesday, November 5th. UBS Group upped their price objective on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Barclays boosted their target price on Teradata from $29.00 to $30.00 and gave the company an “underweight” rating in a research note on Friday, December 6th. Northland Securities decreased their price target on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Finally, Evercore ISI boosted their price objective on shares of Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.00.

Teradata Stock Performance

Shares of TDC opened at $30.56 on Tuesday. The company has a market cap of $2.92 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 3.14 and a beta of 0.79. The firm has a 50-day moving average of $31.23 and a 200-day moving average of $30.51. Teradata Co. has a one year low of $24.02 and a one year high of $49.44. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.13. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The firm had revenue of $440.00 million for the quarter, compared to the consensus estimate of $417.71 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. As a group, equities analysts forecast that Teradata Co. will post 1.41 earnings per share for the current year.

Teradata Company 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.