California Public Employees Retirement System Sells 3,495 Shares of Teradata Co. (NYSE:TDC)

California Public Employees Retirement System cut its holdings in shares of Teradata Co. (NYSE:TDC) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,483 shares of the technology company’s stock after selling 3,495 shares during the period. California Public Employees Retirement System owned approximately 0.20% of Teradata worth $8,723,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in shares of Teradata by 24.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 139,096 shares of the technology company’s stock worth $6,052,000 after acquiring an additional 27,004 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Teradata by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 993,252 shares of the technology company’s stock worth $44,716,000 after acquiring an additional 47,927 shares in the last quarter. Quantbot Technologies LP grew its position in Teradata by 101.8% in the 3rd quarter. Quantbot Technologies LP now owns 28,768 shares of the technology company’s stock worth $1,295,000 after purchasing an additional 14,509 shares in the last quarter. Polar Capital Holdings Plc grew its position in Teradata by 3.9% in the 3rd quarter. Polar Capital Holdings Plc now owns 935,108 shares of the technology company’s stock worth $42,099,000 after purchasing an additional 34,809 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Teradata by 11.2% in the 3rd quarter. Deutsche Bank AG now owns 405,141 shares of the technology company’s stock worth $18,239,000 after purchasing an additional 40,947 shares in the last quarter. 90.31% of the stock is owned by institutional investors.

Teradata Stock Performance

Shares of TDC stock opened at $37.26 on Friday. The stock has a market capitalization of $3.64 billion, a P/E ratio of 61.26, a PEG ratio of 1.63 and a beta of 0.95. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 4.02. The firm’s 50 day moving average is $37.78 and its 200 day moving average is $42.46. Teradata Co. has a 12 month low of $35.36 and a 12 month high of $57.73.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The company had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $455.84 million. Teradata had a net margin of 3.38% and a return on equity of 58.25%. Teradata’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 EPS. On average, sell-side analysts anticipate that Teradata Co. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TDC shares. Morgan Stanley downgraded shares of Teradata from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $74.00 to $48.00 in a research report on Tuesday, February 13th. Barclays reduced their price objective on shares of Teradata from $43.00 to $39.00 and set an “underweight” rating for the company in a research report on Monday, April 15th. Bank of America downgraded shares of Teradata from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $58.00 to $48.00 in a research report on Tuesday, February 13th. JMP Securities reissued a “market outperform” rating and set a $72.00 target price on shares of Teradata in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada reduced their target price on shares of Teradata from $59.00 to $48.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.33.

Insiders Place Their Bets

In other Teradata news, insider Hillary Ashton sold 9,743 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $37.45, for a total value of $364,875.35. Following the sale, the insider now directly owns 156,704 shares in the company, valued at approximately $5,868,564.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Teradata news, insider Hillary Ashton sold 9,743 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $37.45, for a total value of $364,875.35. Following the sale, the insider now directly owns 156,704 shares in the company, valued at approximately $5,868,564.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Mcmillan sold 40,597 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the completion of the sale, the chief executive officer now owns 528,302 shares in the company, valued at $20,191,702.44. The disclosure for this sale can be found here. Insiders have sold 76,615 shares of company stock worth $2,903,644 in the last three months. 0.92% of the stock is currently owned by corporate insiders.

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.