Teradata Co. (NYSE:TDC) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama increased its holdings in shares of Teradata Co. (NYSE:TDC - Free Report) by 15.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 704,163 shares of the technology company's stock after purchasing an additional 96,341 shares during the period. Retirement Systems of Alabama owned approximately 0.74% of Teradata worth $21,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TDC. Assenagon Asset Management S.A. boosted its position in Teradata by 85.2% during the second quarter. Assenagon Asset Management S.A. now owns 47,866 shares of the technology company's stock worth $1,654,000 after acquiring an additional 22,027 shares during the last quarter. Blue Trust Inc. raised its position in shares of Teradata by 107.3% during the 2nd quarter. Blue Trust Inc. now owns 2,017 shares of the technology company's stock worth $70,000 after acquiring an additional 1,044 shares in the last quarter. Raymond James & Associates boosted its stake in Teradata by 20.6% in the second quarter. Raymond James & Associates now owns 113,102 shares of the technology company's stock valued at $3,909,000 after acquiring an additional 19,308 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Teradata in the 2nd quarter valued at $72,000. Finally, Van Lanschot Kempen Investment Management N.V. increased its position in Teradata by 12.1% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,486,883 shares of the technology company's stock valued at $51,387,000 after acquiring an additional 159,990 shares during the period. Hedge funds and other institutional investors own 90.31% of the company's stock.

Analysts Set New Price Targets

TDC has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Teradata from $24.00 to $26.00 and gave the stock a "sell" rating in a research report on Tuesday, November 5th. Evercore ISI lifted their price objective on Teradata from $34.00 to $37.00 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. Northland Securities dropped their price target on Teradata from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. Barclays increased their target price on Teradata from $29.00 to $30.00 and gave the company an "underweight" rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $32.00 price target on shares of Teradata in a research report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Teradata presently has a consensus rating of "Hold" and an average target price of $40.00.

Teradata Stock Down 2.4 %

TDC stock traded down $0.78 during mid-day trading on Friday, reaching $32.30. 748,872 shares of the company traded hands, compared to its average volume of 733,685. Teradata Co. has a fifty-two week low of $24.02 and a fifty-two week high of $49.44. The firm's 50 day moving average price is $31.24 and its 200 day moving average price is $30.88. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 4.01. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 38.45, a P/E/G ratio of 3.17 and a beta of 0.79.

Teradata (NYSE:TDC - Get Free Report) last released its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.13. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The company had revenue of $440.00 million during the quarter, compared to analyst estimates of $417.71 million. During the same quarter in the previous year, the company posted $0.14 EPS. Teradata's revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts predict that Teradata Co. will post 1.41 EPS for the current fiscal year.

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.