Principal Financial Group Inc. Sells 98,774 Shares of Teradata Co. (NYSE:TDC)

Principal Financial Group Inc. cut its holdings in shares of Teradata Co. (NYSE:TDC) by 30.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,227 shares of the technology company’s stock after selling 98,774 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Teradata worth $6,803,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TDC. Crossmark Global Holdings Inc. raised its holdings in Teradata by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 7,228 shares of the technology company’s stock worth $219,000 after acquiring an additional 315 shares in the last quarter. Arizona State Retirement System raised its stake 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 worth $942,000 after purchasing an additional 390 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Teradata by 2.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,949 shares of the technology company’s stock valued at $636,000 after buying an additional 434 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Teradata by 88.0% in the third quarter. GAMMA Investing LLC now owns 955 shares of the technology company’s stock valued at $29,000 after buying an additional 447 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Teradata by 4.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,165 shares of the technology company’s stock worth $339,000 after buying an additional 449 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Teradata Price Performance

NYSE:TDC opened at $31.15 on Thursday. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.79 and a current ratio of 0.80. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 37.08, a P/E/G ratio of 3.17 and a beta of 0.79. Teradata Co. has a 52 week low of $24.02 and a 52 week high of $49.44. The firm’s 50-day simple moving average is $31.33 and its 200 day simple moving average is $30.83.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TDC. Northland Securities decreased their price objective on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Evercore ISI boosted their price target on Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. 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 boosted their target price on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Finally, Barclays raised their price target on Teradata from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Friday, December 6th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.00.

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.