State of New Jersey Common Pension Fund D Sells 15,593 Shares of Teradata Co. (NYSE:TDC)

State of New Jersey Common Pension Fund D lowered its position in Teradata Co. (NYSE:TDC) by 21.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,559 shares of the technology company’s stock after selling 15,593 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of Teradata worth $2,024,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Texas Permanent School Fund Corp boosted its stake in Teradata by 2.5% during the second quarter. Texas Permanent School Fund Corp now owns 87,726 shares of the technology company’s stock worth $3,032,000 after buying an additional 2,132 shares in the last quarter. Savant Capital LLC acquired a new stake in shares of Teradata during the 2nd quarter valued at about $541,000. Arizona State Retirement System boosted its position in shares of Teradata by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 27,268 shares of the technology company’s stock valued at $942,000 after acquiring an additional 390 shares in the last quarter. Victory Capital Management Inc. increased its stake in Teradata by 59.3% in the second quarter. Victory Capital Management Inc. now owns 131,204 shares of the technology company’s stock valued at $4,534,000 after acquiring an additional 48,822 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Teradata by 3.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,716 shares of the technology company’s stock worth $370,000 after purchasing an additional 351 shares during the period. Institutional investors and hedge funds own 90.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. Evercore ISI reduced their target price on shares of Teradata from $46.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Barclays lowered their target price on shares of Teradata from $35.00 to $30.00 and set an “underweight” rating on the stock in a report on Tuesday, August 6th. Northland Securities cut their price target on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Finally, Guggenheim reaffirmed a “buy” rating and set a $60.00 price objective on shares of Teradata in a research note on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $40.36.

Teradata Price Performance

TDC opened at $29.07 on Friday. The company has a debt-to-equity ratio of 6.87, a current ratio of 0.75 and a quick ratio of 0.72. The stock has a market capitalization of $2.81 billion, a P/E ratio of 69.50, a price-to-earnings-growth ratio of 2.67 and a beta of 0.80. The company’s 50 day simple moving average is $29.16 and its 200-day simple moving average is $33.29. Teradata Co. has a one year low of $24.02 and a one year high of $49.44.

Teradata (NYSE:TDC) last released its earnings results on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.48 by $0.16. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The company had revenue of $436.00 million during the quarter, compared to analysts’ expectations of $447.30 million. During the same period last year, the firm earned $0.20 EPS. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. Sell-side analysts anticipate that Teradata Co. will post 1.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Teradata

In related news, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the sale, the insider now directly owns 96,783 shares of the company’s stock, valued at $2,758,315.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Teradata news, insider Hillary Ashton sold 14,962 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction of $411,903.86. Following the transaction, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.50, for a total value of $156,750.00. Following the transaction, the insider now owns 96,783 shares of the company’s stock, valued at $2,758,315.50. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Teradata 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.