Teachers Retirement System of The State of Kentucky purchased a new stake in Teradata Co. (NYSE:TDC – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 171,217 shares of the technology company’s stock, valued at approximately $5,318,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Private Advisor Group LLC acquired a new position in shares of Teradata during the first quarter worth $231,000. Natixis Advisors L.P. increased its stake in Teradata by 46.7% in the first quarter. Natixis Advisors L.P. now owns 21,282 shares of the technology company’s stock valued at $1,049,000 after purchasing an additional 6,779 shares in the last quarter. Bank of Montreal Can increased its stake in Teradata by 21.1% in the first quarter. Bank of Montreal Can now owns 10,977 shares of the technology company’s stock valued at $546,000 after purchasing an additional 1,916 shares in the last quarter. Rhumbline Advisers increased its stake in Teradata by 0.3% in the first quarter. Rhumbline Advisers now owns 302,170 shares of the technology company’s stock valued at $14,894,000 after purchasing an additional 947 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Teradata by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,764 shares of the technology company’s stock valued at $1,960,000 after purchasing an additional 3,791 shares in the last quarter. Institutional investors and hedge funds own 90.92% of the company’s stock.
Analyst Ratings Changes
Several research firms have weighed in on TDC. Cowen lifted their price target on shares of Teradata from $36.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, February 14th. StockNews.com assumed coverage on shares of Teradata in a research report on Thursday. They set a “buy” rating for the company. Guggenheim assumed coverage on shares of Teradata in a research report on Thursday, January 26th. They set a “neutral” rating for the company. Craig Hallum boosted their target price on shares of Teradata from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, February 14th. Finally, Barclays boosted their target price on shares of Teradata from $33.00 to $35.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Teradata currently has an average rating of “Hold” and an average target price of $42.00.
Insiders Place Their Bets
Teradata Trading Down 0.4 %
Shares of TDC stock opened at $37.85 on Friday. Teradata Co. has a 52-week low of $28.65 and a 52-week high of $50.99. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.02. The company has a 50-day simple moving average of $37.08 and a two-hundred day simple moving average of $33.87. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 126.17, a PEG ratio of 2.41 and a beta of 0.91.
Teradata (NYSE:TDC – Get Rating) last issued its quarterly earnings data on Monday, February 13th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Teradata had a net margin of 1.84% and a return on equity of 28.46%. The business had revenue of $452.00 million during the quarter, compared to the consensus estimate of $435.63 million. During the same period in the prior year, the firm posted $0.34 EPS. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. Research analysts anticipate that Teradata Co. will post 0.98 EPS for the current fiscal year.
Teradata Company Profile
Teradata Corp. is a cloud data analytics company which is built for a multi-cloud reality and solving data challenges at scale. It operates through the following geographical segments: Americas, EMEA, and APJ. The company was founded on July 13, 1979, and is headquartered in San Diego, CA.
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