Teradata Co. (NYSE:TDC) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in shares of Teradata Co. (NYSE:TDC - Free Report) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,534 shares of the technology company's stock after selling 23,289 shares during the quarter. California Public Employees Retirement System owned 0.17% of Teradata worth $5,125,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its holdings in Teradata by 470.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 495,539 shares of the technology company's stock valued at $15,436,000 after buying an additional 408,595 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in Teradata in the fourth quarter valued at $208,000. Norges Bank acquired a new position in Teradata during the 4th quarter worth about $36,315,000. JPMorgan Chase & Co. grew its position in shares of Teradata by 9.6% in the 4th quarter. JPMorgan Chase & Co. now owns 611,264 shares of the technology company's stock valued at $19,041,000 after buying an additional 53,743 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Teradata during the fourth quarter worth about $1,131,000. Institutional investors own 90.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Evercore ISI reduced their price objective on shares of Teradata from $37.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Guggenheim decreased their price target on shares of Teradata from $42.00 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. JMP Securities restated a "market perform" rating on shares of Teradata in a report on Thursday, February 13th. Royal Bank of Canada decreased their price objective on shares of Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 12th. Finally, Morgan Stanley upgraded shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective for the company in a report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $34.00.

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Teradata Stock Performance

Shares of TDC stock traded up $0.43 during mid-day trading on Monday, reaching $20.88. 23,475 shares of the company's stock traded hands, compared to its average volume of 1,036,908. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81. The firm has a market capitalization of $2.00 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 6.23 and a beta of 0.87. Teradata Co. has a 12 month low of $18.43 and a 12 month high of $38.45. The firm has a 50 day moving average price of $23.67 and a two-hundred day moving average price of $28.64.

Teradata (NYSE:TDC - Get Free Report) last released its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.14). Teradata had a net margin of 6.51% and a return on equity of 149.16%. On average, research analysts forecast that Teradata Co. will post 1.31 EPS for the current 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.