AXQ Capital LP Reduces Holdings in Teradata Co. (NYSE:TDC)

AXQ Capital LP reduced its holdings in shares of Teradata Co. (NYSE:TDC) by 43.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,916 shares of the technology company’s stock after selling 5,329 shares during the period. AXQ Capital LP’s holdings in Teradata were worth $215,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TDC. Pacer Advisors Inc. grew its stake in shares of Teradata by 5.2% during the 4th quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company’s stock valued at $67,899,000 after acquiring an additional 108,426 shares during the period. FMR LLC boosted its position in shares of Teradata by 2.7% in the third quarter. FMR LLC now owns 1,932,741 shares of the technology company’s stock worth $58,639,000 after purchasing an additional 51,080 shares during the period. Geode Capital Management LLC increased its stake in shares of Teradata by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,685,317 shares of the technology company’s stock worth $51,145,000 after purchasing an additional 8,289 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Teradata by 8.1% during the 4th 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, Victory Capital Management Inc. lifted its stake in shares of Teradata by 742.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company’s stock valued at $35,110,000 after buying an additional 993,358 shares in the last quarter. 90.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 13th. Royal Bank of Canada cut their target price on Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 12th. Guggenheim lowered their price target on Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Barclays cut their price objective on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday, February 12th. Finally, Evercore ISI lowered their target price on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.40.

Teradata Stock Performance

Shares of NYSE:TDC opened at $24.28 on Tuesday. The firm has a fifty day simple moving average of $26.90 and a two-hundred day simple moving average of $29.43. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65. The stock has a market capitalization of $2.30 billion, a P/E ratio of 20.75, a PEG ratio of 6.23 and a beta of 0.75. Teradata Co. has a 52 week low of $21.80 and a 52 week high of $39.70.

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 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, analysts expect that Teradata Co. will post 1.31 earnings per share 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.