Allspring Global Investments Holdings LLC Decreases Stock Position in Teradata Co. (NYSE:TDC)

Allspring Global Investments Holdings LLC reduced its stake in Teradata Co. (NYSE:TDC) by 40.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 357,177 shares of the technology company’s stock after selling 239,668 shares during the period. Allspring Global Investments Holdings LLC owned about 0.37% of Teradata worth $10,951,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TDC. Pacer Advisors Inc. increased its stake in shares of Teradata by 5.2% in the fourth quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company’s stock worth $67,899,000 after buying an additional 108,426 shares during the period. FMR LLC increased its position in shares of Teradata by 2.7% in the third quarter. FMR LLC now owns 1,932,741 shares of the technology company’s stock valued at $58,639,000 after acquiring an additional 51,080 shares during the period. Geode Capital Management LLC increased its position in shares of Teradata by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,685,317 shares of the technology company’s stock valued at $51,145,000 after acquiring an additional 8,289 shares during the period. M&G PLC increased its position in shares of Teradata by 4.4% in the third quarter. M&G PLC now owns 1,235,174 shares of the technology company’s stock valued at $37,055,000 after acquiring an additional 51,491 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Teradata by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,126,443 shares of the technology company’s stock valued at $34,176,000 after acquiring an additional 31,343 shares during the period. 90.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group upped their price target on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Guggenheim decreased their target price on Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada cut their price target on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 12th. 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 report on Tuesday, November 5th. Finally, Barclays dropped their target price on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $34.40.

Teradata Price Performance

Shares of TDC opened at $24.78 on Tuesday. The stock has a market cap of $2.37 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.79 and a current ratio of 0.80. Teradata Co. has a fifty-two week low of $22.73 and a fifty-two week high of $39.70. The firm’s 50-day simple moving average is $31.08 and its two-hundred day simple moving average is $30.14.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a return on equity of 145.40% and a net margin of 4.56%. Analysts anticipate that Teradata Co. will post 1.41 earnings per share for the current fiscal year.

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.