Ballast Asset Management LP Trims Holdings in Teradata Co. (NYSE:TDC)

Ballast Asset Management LP reduced its holdings in shares of Teradata Co. (NYSE:TDC) by 3.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 132,281 shares of the technology company’s stock after selling 4,883 shares during the period. Teradata makes up 2.1% of Ballast Asset Management LP’s investment portfolio, making the stock its 19th largest holding. Ballast Asset Management LP owned about 0.14% of Teradata worth $4,121,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in shares of Teradata by 5.2% during the fourth quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company’s stock worth $67,899,000 after buying an additional 108,426 shares during the last quarter. FMR LLC lifted its position in Teradata by 2.7% during the 3rd quarter. FMR LLC now owns 1,932,741 shares of the technology company’s stock worth $58,639,000 after acquiring an additional 51,080 shares during the period. Geode Capital Management LLC grew its stake in shares of Teradata by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,685,317 shares of the technology company’s stock valued at $51,145,000 after purchasing an additional 8,289 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Teradata by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,217,654 shares of the technology company’s stock valued at $37,930,000 after purchasing an additional 91,211 shares during the period. Finally, Norges Bank purchased a new stake in shares of Teradata during the fourth quarter worth approximately $36,315,000. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Teradata Stock Performance

NYSE TDC opened at $22.46 on Tuesday. The business has a 50 day moving average price of $26.15 and a 200 day moving average price of $29.28. The company has a market capitalization of $2.12 billion, a P/E ratio of 19.20, a PEG ratio of 6.23 and a beta of 0.75. Teradata Co. has a 1-year low of $21.80 and a 1-year high of $39.12. 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 announced its quarterly 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%. Sell-side analysts expect that Teradata Co. will post 1.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JMP Securities reissued a “market perform” rating on shares of Teradata in a research note on Thursday, February 13th. Evercore ISI dropped their price target 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. StockNews.com cut shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada lowered their price objective on Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 12th. Finally, Guggenheim cut their target price on Teradata from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Teradata has a consensus rating of “Hold” and a consensus target price of $34.40.

Teradata 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.