Teradata Co. (NYSE:TDC) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Teradata Co. (NYSE:TDCGet Rating) by 25.0% in the second quarter, Holdings Channel reports. The institutional investor owned 461,385 shares of the technology company’s stock after buying an additional 92,260 shares during the quarter. Principal Financial Group Inc.’s holdings in Teradata were worth $17,076,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TDC. Chicago Capital LLC acquired a new position in Teradata in the second quarter worth $22,082,000. Arrowstreet Capital Limited Partnership boosted its holdings in Teradata by 151.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 742,333 shares of the technology company’s stock worth $36,590,000 after purchasing an additional 446,630 shares during the period. Capital International Investors boosted its holdings in Teradata by 11.2% in the first quarter. Capital International Investors now owns 3,843,434 shares of the technology company’s stock worth $189,443,000 after purchasing an additional 388,599 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Teradata by 45.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 952,550 shares of the technology company’s stock worth $46,952,000 after purchasing an additional 297,586 shares during the period. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in Teradata in the first quarter worth $14,317,000. Institutional investors and hedge funds own 94.86% of the company’s stock.

Teradata Price Performance

Shares of NYSE TDC opened at $33.21 on Thursday. Teradata Co. has a fifty-two week low of $28.65 and a fifty-two week high of $52.53. The firm’s 50-day simple moving average is $31.16 and its 200 day simple moving average is $34.47. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 2.31. The stock has a market cap of $3.38 billion, a P/E ratio of 50.32, a P/E/G ratio of 1.59 and a beta of 0.99.

Teradata (NYSE:TDCGet Rating) last issued its quarterly earnings data on Monday, November 7th. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Teradata had a net margin of 4.02% and a return on equity of 34.61%. The business had revenue of $417.00 million for the quarter, compared to analysts’ expectations of $423.10 million. During the same period in the previous year, the business earned $0.24 earnings per share. The company’s revenue was down 9.3% on a year-over-year basis. Equities analysts expect that Teradata Co. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

TDC has been the subject of a number of research reports. Morgan Stanley decreased their price objective on shares of Teradata from $50.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, October 17th. Craig Hallum cut their target price on Teradata to $40.00 in a research note on Tuesday, November 15th. TheStreet cut Teradata from a “b-” rating to a “c” rating in a research note on Thursday, August 4th. Credit Suisse Group cut their target price on Teradata from $35.00 to $30.00 and set an “underperform” rating on the stock in a research note on Tuesday, November 8th. Finally, Barclays cut their target price on Teradata from $36.00 to $33.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Teradata has a consensus rating of “Hold” and a consensus target price of $45.89.

Teradata Company Profile

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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.

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Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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