PNC Financial Services Group Inc. Trims Stake in Teradata Co. (NYSE:TDC)

PNC Financial Services Group Inc. cut its holdings in shares of Teradata Co. (NYSE:TDC) by 50.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,635 shares of the technology company’s stock after selling 5,716 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Teradata were worth $176,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new position in Teradata during the third quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in shares of Teradata in the 3rd quarter valued at approximately $32,000. Independence Bank of Kentucky acquired a new position in shares of Teradata in the 4th quarter worth approximately $37,000. Groupama Asset Managment purchased a new position in shares of Teradata during the 3rd quarter worth approximately $50,000. Finally, GAMMA Investing LLC increased its holdings in Teradata by 91.5% in the 4th quarter. GAMMA Investing LLC now owns 1,829 shares of the technology company’s stock valued at $57,000 after purchasing an additional 874 shares during the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on TDC shares. Royal Bank of Canada decreased their price target on Teradata from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 12th. JMP Securities reissued a “market perform” rating on shares of Teradata in a research note on Thursday, February 13th. Evercore ISI dropped their target price on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Guggenheim cut their price target on shares of Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, Barclays lowered their price objective on shares of Teradata from $30.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.40.

Teradata Stock Up 0.4 %

TDC stock opened at $22.97 on Monday. The company’s 50 day moving average price is $27.02 and its 200 day moving average price is $29.45. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 6.23 and a beta of 0.75. Teradata Co. has a fifty-two week low of $21.80 and a fifty-two week high of $39.70. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 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, equities research analysts anticipate that Teradata Co. will post 1.31 EPS for the current fiscal 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.