Municipal Employees Retirement System of Michigan reduced its position in Teradata Corporation (NYSE:TDC) by 20.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 49,440 shares of the technology company’s stock after selling 12,410 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Teradata Corporation were worth $1,671,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its holdings in Teradata Corporation by 6.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,436,915 shares of the technology company’s stock valued at $366,764,000 after acquiring an additional 705,690 shares during the period. BlackRock Inc. increased its holdings in shares of Teradata Corporation by 42.6% during the second quarter. BlackRock Inc. now owns 11,126,276 shares of the technology company’s stock worth $328,115,000 after purchasing an additional 3,324,754 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Teradata Corporation by 24.1% during the second quarter. Ameriprise Financial Inc. now owns 6,293,085 shares of the technology company’s stock worth $185,598,000 after purchasing an additional 1,221,193 shares during the period. Fairpointe Capital LLC increased its holdings in shares of Teradata Corporation by 0.4% during the second quarter. Fairpointe Capital LLC now owns 5,781,875 shares of the technology company’s stock worth $170,508,000 after purchasing an additional 25,599 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Teradata Corporation by 21.7% during the third quarter. First Trust Advisors LP now owns 1,937,706 shares of the technology company’s stock worth $65,475,000 after purchasing an additional 345,746 shares during the period.

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Several brokerages have recently commented on TDC. Summit Redstone raised shares of Teradata Corporation from a “hold” rating to a “buy” rating in a report on Monday. UBS AG raised their target price on shares of Teradata Corporation from $24.00 to $30.00 and gave the stock a “sell” rating in a report on Thursday, November 9th. Morgan Stanley raised their target price on shares of Teradata Corporation from $29.00 to $31.00 and gave the stock an “underweight” rating in a report on Friday, November 3rd. BMO Capital Markets raised their target price on shares of Teradata Corporation from $32.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, November 3rd. Finally, Mizuho raised their target price on shares of Teradata Corporation from $26.00 to $32.00 and gave the stock an “underperform” rating in a report on Thursday, November 2nd. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. Teradata Corporation currently has a consensus rating of “Hold” and a consensus target price of $31.50.

Teradata Corporation (TDC) opened at $35.85 on Friday. The company has a market cap of $4,285.82, a price-to-earnings ratio of 31.63, a PEG ratio of 7.33 and a beta of 1.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.56 and a current ratio of 1.61. Teradata Corporation has a fifty-two week low of $26.27 and a fifty-two week high of $38.08.

Teradata Corporation (NYSE:TDC) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.17. The company had revenue of $526.00 million for the quarter, compared to analyst estimates of $511.23 million. Teradata Corporation had a net margin of 3.01% and a return on equity of 16.47%. Teradata Corporation’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. research analysts forecast that Teradata Corporation will post 0.91 EPS for the current year.

About Teradata Corporation

Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.

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Institutional Ownership by Quarter for Teradata Corporation (NYSE:TDC)

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