Wedge Capital Management L L P NC Has $278,000 Stock Position in Teradata Co. (NYSE:TDC)

Wedge Capital Management L L P NC boosted its position in shares of Teradata Co. (NYSE:TDCGet Rating) by 16.9% in the second quarter, Holdings Channel.com reports. The firm owned 7,508 shares of the technology company’s stock after purchasing an additional 1,087 shares during the period. Wedge Capital Management L L P NC’s holdings in Teradata were worth $278,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Capital International Investors raised its holdings in Teradata by 11.2% during the first quarter. Capital International Investors now owns 3,843,434 shares of the technology company’s stock valued at $189,443,000 after buying an additional 388,599 shares in the last quarter. American Century Companies Inc. raised its holdings in Teradata by 6.9% during the first quarter. American Century Companies Inc. now owns 3,125,060 shares of the technology company’s stock valued at $154,034,000 after buying an additional 201,641 shares in the last quarter. State Street Corp raised its holdings in Teradata by 1.8% during the first quarter. State Street Corp now owns 2,950,660 shares of the technology company’s stock valued at $145,438,000 after buying an additional 53,585 shares in the last quarter. Scout Investments Inc. raised its holdings in Teradata by 41.1% during the first quarter. Scout Investments Inc. now owns 1,941,046 shares of the technology company’s stock valued at $95,674,000 after buying an additional 564,947 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Teradata by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,649,552 shares of the technology company’s stock valued at $81,309,000 after buying an additional 34,030 shares in the last quarter. Institutional investors and hedge funds own 94.86% of the company’s stock.

Teradata Trading Up 1.2 %

Shares of TDC opened at $30.97 on Thursday. Teradata Co. has a 12-month low of $30.55 and a 12-month high of $59.38. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 42.42, a P/E/G ratio of 1.50 and a beta of 1.05. The stock’s 50-day moving average price is $34.93 and its 200 day moving average price is $39.13.

Teradata (NYSE:TDCGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $430.00 million for the quarter, compared to analyst estimates of $441.70 million. Teradata had a return on equity of 34.05% and a net margin of 4.41%. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, research analysts predict that Teradata Co. will post 0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TDC. TheStreet lowered Teradata from a “b-” rating to a “c” rating in a research note on Thursday, August 4th. Royal Bank of Canada dropped their price objective on Teradata from $46.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 30th. Finally, Barclays dropped their price objective on Teradata from $42.00 to $36.00 and set an “underweight” rating on the stock in a research note on Monday, July 18th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.78.

About Teradata

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Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.

Further Reading

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Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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