Teradata Co. (NYSE:TDC) is Circumference Group LLC’s 4th Largest Position

Circumference Group LLC cut its position in Teradata Co. (NYSE:TDC) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,000 shares of the technology company’s stock after selling 35,000 shares during the quarter. Teradata comprises 4.7% of Circumference Group LLC’s investment portfolio, making the stock its 4th biggest position. Circumference Group LLC’s holdings in Teradata were worth $5,451,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Deutsche Bank AG raised its stake in shares of Teradata by 186.9% during the fourth quarter. Deutsche Bank AG now owns 129,660 shares of the technology company’s stock worth $4,039,000 after acquiring an additional 84,473 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Teradata by 19.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 643,254 shares of the technology company’s stock worth $20,037,000 after purchasing an additional 104,702 shares during the last quarter. Captrust Financial Advisors boosted its position in Teradata by 55.0% during the fourth quarter. Captrust Financial Advisors now owns 22,532 shares of the technology company’s stock valued at $702,000 after buying an additional 7,996 shares during the period. Bayesian Capital Management LP bought a new position in shares of Teradata during the fourth quarter valued at about $455,000. Finally, BNP Paribas Financial Markets grew its position in Teradata by 58.4% during the 4th quarter. BNP Paribas Financial Markets now owns 177,502 shares of the technology company’s stock worth $5,529,000 after acquiring an additional 65,453 shares during the last quarter. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TDC has been the topic of several analyst reports. Northland Capmk downgraded shares of Teradata from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley upgraded shares of Teradata from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a report on Tuesday, April 8th. Royal Bank of Canada reduced their price objective on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 12th. Guggenheim reduced their price target on shares of Teradata from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, JMP Securities reiterated a “market perform” rating on shares of Teradata in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradata has a consensus rating of “Hold” and a consensus target price of $27.50.

Teradata Stock Up 1.8 %

TDC stock opened at $22.34 on Thursday. The business’s 50-day moving average price is $21.88 and its 200-day moving average price is $27.46. The stock has a market cap of $2.15 billion, a P/E ratio of 19.09, a PEG ratio of 6.23 and a beta of 0.80. Teradata Co. has a twelve month low of $18.43 and a twelve month high of $35.60. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65.

Teradata (NYSE:TDC) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. The business had revenue of $418.00 million during the quarter, compared to analyst estimates of $423.85 million. Teradata had a net margin of 6.51% and a return on equity of 149.16%. The company’s revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. On average, equities 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.