Teradata Co. (NYSE:TDC) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its stake in Teradata Co. (NYSE:TDC - Free Report) by 13.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 81,519 shares of the technology company's stock after selling 12,612 shares during the period. Wells Fargo & Company MN owned about 0.09% of Teradata worth $2,539,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in shares of Teradata by 5.2% in the fourth quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company's stock valued at $67,899,000 after purchasing an additional 108,426 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Teradata by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,217,654 shares of the technology company's stock valued at $37,930,000 after buying an additional 91,211 shares during the period. Norges Bank acquired a new position in shares of Teradata in the fourth quarter worth $36,315,000. Victory Capital Management Inc. increased its position in shares of Teradata by 742.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock worth $35,110,000 after acquiring an additional 993,358 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Teradata by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 930,008 shares of the technology company's stock valued at $28,970,000 after acquiring an additional 10,747 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TDC has been the topic of several recent research reports. Evercore ISI cut their price target on Teradata from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. JMP Securities restated a "market perform" rating on shares of Teradata in a research note on Thursday, February 13th. Royal Bank of Canada decreased their price target 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. Guggenheim dropped their price objective on shares of Teradata from $42.00 to $37.00 and set a "buy" rating on the stock in a research report 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 on the stock 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $33.70.

Teradata Stock Performance

NYSE TDC traded down $0.01 during trading hours on Monday, hitting $21.60. The company had a trading volume of 738,135 shares, compared to its average volume of 1,044,877. The business has a 50 day moving average of $22.21 and a 200-day moving average of $27.96. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81. Teradata Co. has a 1-year low of $18.43 and a 1-year high of $38.45. The company has a market cap of $2.07 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 6.23 and a beta of 0.87.

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

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.