Allspring Global Investments Holdings LLC Grows Holdings in Teradata Co. (NYSE:TDC)

Allspring Global Investments Holdings LLC raised its position in Teradata Co. (NYSE:TDC) by 10.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 552,387 shares of the technology company’s stock after buying an additional 53,359 shares during the period. Allspring Global Investments Holdings LLC owned about 0.57% of Teradata worth $21,361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TDC. HB Wealth Management LLC lifted its holdings in shares of Teradata by 4.5% in the 4th quarter. HB Wealth Management LLC now owns 6,488 shares of the technology company’s stock worth $282,000 after acquiring an additional 280 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Teradata by 3.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 9,169 shares of the technology company’s stock valued at $399,000 after purchasing an additional 305 shares in the last quarter. Gotham Asset Management LLC raised its holdings in shares of Teradata by 3.4% in the 3rd quarter. Gotham Asset Management LLC now owns 9,538 shares of the technology company’s stock valued at $429,000 after purchasing an additional 311 shares in the last quarter. Heron Bay Capital Management raised its holdings in shares of Teradata by 3.3% in the 4th quarter. Heron Bay Capital Management now owns 10,895 shares of the technology company’s stock valued at $474,000 after purchasing an additional 350 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of Teradata by 6.2% in the 4th quarter. Neuberger Berman Group LLC now owns 7,492 shares of the technology company’s stock valued at $326,000 after purchasing an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Teradata Stock Down 1.4 %

Shares of NYSE:TDC opened at $34.07 on Friday. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 81.12, a PEG ratio of 2.37 and a beta of 0.83. The firm’s 50-day simple moving average is $33.76 and its 200-day simple moving average is $38.68. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 9.83. Teradata Co. has a fifty-two week low of $31.48 and a fifty-two week high of $57.73.

Teradata (NYSE:TDC) last issued its earnings results on Monday, May 6th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The business had revenue of $465.00 million for the quarter, compared to the consensus estimate of $461.93 million. Teradata had a net margin of 2.31% and a return on equity of 70.34%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. As a group, equities research analysts predict that Teradata Co. will post 1.14 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TDC shares. Evercore ISI reduced their price objective on shares of Teradata from $58.00 to $46.00 and set an “outperform” rating on the stock in a report on Tuesday, May 7th. Bank of America lowered shares of Teradata from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $48.00 to $39.00 in a research note on Tuesday, May 7th. Barclays cut their price target on shares of Teradata from $39.00 to $35.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 7th. JMP Securities cut their price target on shares of Teradata from $72.00 to $60.00 and set a “market outperform” rating on the stock in a research note on Tuesday, May 7th. Finally, Royal Bank of Canada cut their price target on shares of Teradata from $48.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $50.82.

Insider Buying and Selling

In related news, insider Michael D. Hutchinson sold 18,500 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $32.96, for a total transaction of $609,760.00. Following the sale, the insider now owns 55,190 shares of the company’s stock, valued at $1,819,062.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Michael D. Hutchinson sold 18,500 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $32.96, for a total transaction of $609,760.00. Following the sale, the insider now owns 55,190 shares of the company’s stock, valued at $1,819,062.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen Mcmillan sold 10,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $31.95, for a total transaction of $319,500.00. Following the sale, the chief executive officer now directly owns 393,579 shares in the company, valued at approximately $12,574,849.05. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

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.