Cubist Systematic Strategies LLC Reduces Stake in Teradata Co. (NYSE:TDC)

Cubist Systematic Strategies LLC lessened its holdings in Teradata Co. (NYSE:TDC) by 69.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,303 shares of the technology company’s stock after selling 198,213 shares during the period. Cubist Systematic Strategies LLC owned 0.09% of Teradata worth $2,688,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new stake in shares of Teradata in the fourth quarter worth approximately $37,000. Aster Capital Management DIFC Ltd raised its holdings 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 valued at $49,000 after acquiring an additional 543 shares in the last quarter. GAMMA Investing LLC boosted its stake in Teradata by 91.5% during the 4th 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 lifted its holdings in Teradata by 20.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company’s stock worth $66,000 after buying an additional 365 shares during the last quarter. Finally, New Vernon Capital Holdings II LLC bought a new stake in shares of Teradata in the 4th quarter valued at approximately $133,000. Institutional investors and hedge funds own 90.31% of the company’s stock.

Analysts Set New Price Targets

TDC has been the subject of a number of recent research reports. Morgan Stanley raised shares of Teradata from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a research report on Tuesday, April 8th. Evercore ISI lowered their price objective on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Guggenheim cut their target price on Teradata from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday. Northland Securities lowered shares of Teradata from an “outperform” rating to a “market perform” rating and set a $21.00 price target for the company. in a research report on Wednesday. Finally, JMP Securities reiterated a “market perform” rating on shares of Teradata in a research report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.50.

Teradata Trading Down 0.8 %

Teradata stock opened at $22.47 on Friday. Teradata Co. has a 12-month low of $18.43 and a 12-month high of $35.60. The stock has a market capitalization of $2.15 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 6.23 and a beta of 0.80. The firm has a 50 day simple moving average of $21.85 and a 200-day simple moving average of $27.29. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79.

Teradata (NYSE:TDC) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. Teradata had a return on equity of 149.16% and a net margin of 6.51%. The company had revenue of $418.00 million for the quarter, compared to the consensus estimate of $423.85 million. During the same quarter in the previous year, the business earned $0.57 EPS. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, equities research analysts expect that Teradata Co. will post 1.31 EPS for the current fiscal 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.