Allspring Global Investments Holdings LLC Trims Holdings in Teradata Co. (NYSE:TDC)

Allspring Global Investments Holdings LLC cut its stake in Teradata Co. (NYSE:TDC - Free Report) by 40.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. purchased a new stake in Teradata in the 3rd quarter valued at about $27,000. Brooklyn Investment Group purchased a new stake in shares of Teradata in the third quarter valued at approximately $32,000. Independence Bank of Kentucky bought a new position in Teradata in the fourth quarter worth approximately $37,000. Allworth Financial LP increased its holdings in Teradata by 75.2% during the 3rd quarter. Allworth Financial LP now owns 1,326 shares of the technology company's stock worth $40,000 after purchasing an additional 569 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Teradata by 2,934.1% during the third quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company's stock valued at $44,000 after buying an additional 1,291 shares during the period. Hedge funds and other institutional investors own 90.31% of the company's stock.

Teradata Price Performance

NYSE:TDC traded down $0.57 during trading hours on Friday, hitting $23.34. 1,267,654 shares of the stock were exchanged, compared to its average volume of 1,037,443. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. Teradata Co. has a 52-week low of $22.73 and a 52-week high of $39.70. The company has a market cap of $2.23 billion, a P/E ratio of 19.94, a P/E/G ratio of 6.35 and a beta of 0.78. The firm's fifty day moving average price is $30.40 and its 200 day moving average price is $29.98.

Teradata (NYSE:TDC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a net margin of 6.51% and a return on equity of 149.16%. As a group, equities research analysts anticipate that Teradata Co. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TDC. UBS Group lifted their price objective on shares of Teradata from $24.00 to $26.00 and gave the company a "sell" rating in a report on Tuesday, November 5th. Northland Securities decreased their price target 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. Evercore ISI decreased their target price on Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada decreased their target price on shares of Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 12th. Finally, Barclays lowered their price objective on Teradata from $30.00 to $25.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $34.40.

About Teradata

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.