AXQ Capital LP Reduces Position in Teradata Co. (NYSE:TDC)

AXQ Capital LP decreased its holdings in Teradata Co. (NYSE:TDC) by 43.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,916 shares of the technology company’s stock after selling 5,329 shares during the period. AXQ Capital LP’s holdings in Teradata were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its stake in Teradata by 742.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company’s stock worth $35,110,000 after purchasing an additional 993,358 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Teradata by 73.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 768,892 shares of the technology company’s stock worth $23,951,000 after buying an additional 324,442 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Teradata by 87.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 348,127 shares of the technology company’s stock valued at $10,844,000 after acquiring an additional 161,957 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in Teradata by 920.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 166,300 shares of the technology company’s stock worth $5,180,000 after acquiring an additional 150,000 shares during the period. Finally, Clark Estates Inc. NY bought a new position in Teradata during the 3rd quarter worth about $3,340,000. 90.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TDC. Evercore ISI reduced their price target on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada lowered their target price on Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Wednesday, February 12th. Barclays cut their price target on Teradata from $30.00 to $25.00 and set an “underweight” rating on the stock in a report on Wednesday, February 12th. JMP Securities reiterated a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Finally, StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 13th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $34.40.

Teradata Stock Performance

Shares of TDC opened at $24.28 on Tuesday. 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 stock has a 50-day moving average of $26.90 and a two-hundred day moving average of $29.43. The stock has a market cap of $2.30 billion, a P/E ratio of 20.75, a P/E/G ratio of 6.23 and a beta of 0.75. Teradata Co. has a one year low of $21.80 and a one year high of $39.70.

Teradata (NYSE:TDC) last released its earnings results on Tuesday, February 11th. The technology company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. As a group, research analysts predict that Teradata Co. will post 1.31 EPS for the current 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.