Canada Pension Plan Investment Board Sells 36,500 Shares of Teradata Co. (NYSE:TDC)

Canada Pension Plan Investment Board reduced its position in shares of Teradata Co. (NYSE:TDC) by 21.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,700 shares of the technology company’s stock after selling 36,500 shares during the period. Canada Pension Plan Investment Board owned about 0.14% of Teradata worth $4,289,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TDC. Barclays PLC grew its stake in shares of Teradata by 49.2% during the 3rd quarter. Barclays PLC now owns 169,687 shares of the technology company’s stock worth $5,150,000 after acquiring an additional 55,979 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Teradata in the third quarter valued at $431,000. Franklin Resources Inc. increased its stake in Teradata by 21.4% in the 3rd quarter. Franklin Resources Inc. now owns 127,029 shares of the technology company’s stock valued at $4,029,000 after buying an additional 22,359 shares during the last quarter. Retirement Systems of Alabama lifted its position in Teradata by 15.9% during the 3rd quarter. Retirement Systems of Alabama now owns 704,163 shares of the technology company’s stock worth $21,364,000 after buying an additional 96,341 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Teradata by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 557,521 shares of the technology company’s stock worth $16,915,000 after buying an additional 32,940 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors.

Teradata Stock Performance

NYSE TDC opened at $20.15 on Wednesday. The stock has a market cap of $1.93 billion, a PE ratio of 17.22, a P/E/G ratio of 6.23 and a beta of 0.87. 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 firm has a 50-day moving average of $22.42 and a 200-day moving average of $28.17. Teradata Co. has a 52-week low of $18.43 and a 52-week high of $38.45.

Teradata (NYSE:TDC) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. On average, sell-side analysts anticipate that Teradata Co. will post 1.31 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on TDC. Evercore ISI dropped their target price on Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. StockNews.com cut Teradata from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 8th. Royal Bank of Canada decreased their target price 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 target 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, Barclays decreased their price objective on shares of Teradata from $25.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday. 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $33.70.

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.