American International Group Inc. Sells 8,673 Shares of Teradata Co. (NYSE:TDC)

American International Group Inc. lowered its position in Teradata Co. (NYSE:TDC) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,980 shares of the technology company’s stock after selling 8,673 shares during the period. American International Group Inc. owned 0.14% of Teradata worth $5,786,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Versor Investments LP bought a new position in shares of Teradata in the fourth quarter valued at approximately $1,049,000. Nisa Investment Advisors LLC raised its stake in shares of Teradata by 24.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 139,096 shares of the technology company’s stock valued at $6,052,000 after acquiring an additional 27,004 shares during the last quarter. Norges Bank bought a new position in shares of Teradata in the fourth quarter valued at approximately $54,332,000. Redwood Investment Management LLC increased its holdings in shares of Teradata by 295.6% in the fourth quarter. Redwood Investment Management LLC now owns 138,867 shares of the technology company’s stock valued at $6,042,000 after purchasing an additional 103,761 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Teradata by 147.5% in the fourth quarter. Hsbc Holdings PLC now owns 162,251 shares of the technology company’s stock valued at $7,058,000 after purchasing an additional 96,698 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Teradata Price Performance

Shares of TDC stock opened at $34.38 on Friday. Teradata Co. has a 12-month low of $31.48 and a 12-month high of $57.73. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 81.85, a price-to-earnings-growth ratio of 2.26 and a beta of 0.83. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 9.83. The firm has a fifty day moving average of $34.23 and a 200-day moving average of $39.34.

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

Insider Activity at Teradata

In related news, insider Michael D. Hutchinson sold 18,500 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $32.96, for a total value of $609,760.00. Following the sale, the insider now directly owns 55,190 shares of the company’s stock, valued at approximately $1,819,062.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Teradata news, CEO Stephen Mcmillan sold 10,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were 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 of the company’s stock, valued at approximately $12,574,849.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Hutchinson sold 18,500 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $32.96, for a total transaction of $609,760.00. Following the sale, the insider now directly owns 55,190 shares in the company, valued at $1,819,062.40. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TDC has been the subject of a number of research reports. TD Cowen lowered their price target on shares of Teradata from $46.00 to $40.00 and set a “hold” rating for the company in a report on Tuesday, May 7th. StockNews.com lowered shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. Evercore ISI lowered their price target on shares of Teradata from $58.00 to $46.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. Royal Bank of Canada lowered their price target on shares of Teradata from $48.00 to $44.00 and set a “sector perform” rating for the company in a report on Tuesday, May 7th. Finally, Barclays lowered their price target on shares of Teradata from $39.00 to $35.00 and set an “underweight” rating for the company in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.90.

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.