Oppenheimer Asset Management Inc. Trims Holdings in Teradata Co. (NYSE:TDC)

Oppenheimer Asset Management Inc. decreased its stake in shares of Teradata Co. (NYSE:TDC) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 115,219 shares of the technology company’s stock after selling 12,751 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Teradata were worth $3,589,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Point72 Asset Management L.P. purchased a new stake in shares of Teradata in the third quarter worth about $27,000. Brooklyn Investment Group bought a new stake in Teradata during the 3rd quarter worth approximately $32,000. Independence Bank of Kentucky purchased a new stake in Teradata in the 4th quarter worth approximately $37,000. Allworth Financial LP boosted its holdings in Teradata by 75.2% in the 3rd quarter. Allworth Financial LP now owns 1,326 shares of the technology company’s stock valued at $40,000 after purchasing an additional 569 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Teradata by 2,934.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,291 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Teradata Price Performance

Shares of Teradata stock opened at $23.79 on Friday. 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 Co. has a 52-week low of $22.73 and a 52-week high of $39.70. The company has a fifty day moving average of $29.56 and a 200-day moving average of $29.95. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 6.23 and a beta of 0.78.

Teradata (NYSE:TDC) last posted its quarterly earnings results 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 net margin of 6.51% and a return on equity of 149.16%. Equities research analysts expect that Teradata Co. will post 1.31 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TDC shares. StockNews.com downgraded Teradata from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 13th. Northland Securities cut their price objective on Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. UBS Group lifted their target price on shares of Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Royal Bank of Canada cut their price target 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. Finally, Evercore ISI lowered their price objective on shares of Teradata from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $34.40.

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.