MML Investors Services LLC Reduces Position in Teradata Co. (NYSE:TDC)

MML Investors Services LLC trimmed its holdings in Teradata Co. (NYSE:TDC) by 10.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,196 shares of the technology company’s stock after selling 843 shares during the quarter. MML Investors Services LLC’s holdings in Teradata were worth $218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC lifted its position in Teradata by 60.9% during the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock worth $73,827,000 after buying an additional 808,691 shares in the last quarter. Lynrock Lake LP increased its stake in shares of Teradata by 9.9% in the 2nd quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock worth $230,400,000 after acquiring an additional 600,000 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Teradata by 828.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company’s stock worth $13,485,000 after acquiring an additional 396,584 shares during the period. Pacer Advisors Inc. boosted its position in shares of Teradata by 21.7% during the 3rd quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock valued at $62,843,000 after acquiring an additional 369,123 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Teradata by 1,553.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 186,170 shares of the technology company’s stock valued at $5,648,000 after purchasing an additional 174,912 shares during the period. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Teradata Stock Up 0.2 %

Shares of NYSE:TDC opened at $32.18 on Friday. The firm’s 50-day moving average is $31.40 and its two-hundred day moving average is $30.90. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. Teradata Co. has a 1 year low of $24.02 and a 1 year high of $49.44. The firm has a market capitalization of $3.08 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 3.17 and a beta of 0.79.

Teradata (NYSE:TDC) last released its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.13. The company had revenue of $440.00 million for the quarter, compared to analyst estimates of $417.71 million. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS. Analysts predict that Teradata Co. will post 1.41 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TDC. Northland Securities decreased their target price on shares of Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Evercore ISI upped their price objective on Teradata from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. UBS Group raised their target price on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price target on shares of Teradata in a research note on Tuesday, November 5th. Finally, Barclays raised their price objective on Teradata from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.