Summit Investment Advisors Inc. Sells 548 Shares of Teradata Co. (NYSE:TDC)

Summit Investment Advisors Inc. lessened its holdings in shares of Teradata Co. (NYSE:TDC) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,168 shares of the technology company’s stock after selling 548 shares during the period. Summit Investment Advisors Inc.’s holdings in Teradata were worth $597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TDC. Independence Bank of Kentucky purchased a new position in Teradata in the 4th quarter worth approximately $37,000. Aster Capital Management DIFC Ltd grew its position in Teradata by 53.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company’s stock worth $49,000 after acquiring an additional 543 shares in the last quarter. GAMMA Investing LLC increased its stake in Teradata by 91.5% in the fourth quarter. GAMMA Investing LLC now owns 1,829 shares of the technology company’s stock valued at $57,000 after acquiring an additional 874 shares during the last quarter. Venturi Wealth Management LLC raised its position in Teradata by 20.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company’s stock valued at $66,000 after purchasing an additional 365 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Teradata by 210.2% during the fourth quarter. Versant Capital Management Inc now owns 2,578 shares of the technology company’s stock worth $80,000 after purchasing an additional 1,747 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barclays reduced 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. Guggenheim decreased their price target on shares of Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. JMP Securities reaffirmed a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. StockNews.com downgraded shares of Teradata from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 8th. Finally, Morgan Stanley raised Teradata from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective on the stock in a research note on Tuesday, April 8th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $34.00.

Teradata Price Performance

TDC opened at $20.38 on Friday. 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 stock has a market capitalization of $1.96 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 6.23 and a beta of 0.87. The stock’s 50 day moving average price is $22.61 and its 200-day moving average price is $28.32. Teradata Co. has a 52-week low of $18.43 and a 52-week high of $38.45.

Teradata (NYSE:TDC) last announced 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, equities research analysts predict 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.