Ameriprise Financial Inc. Increases Stake in Teradata Co. (NYSE:TDC)

Ameriprise Financial Inc. grew its holdings in shares of Teradata Co. (NYSE:TDC - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,450,428 shares of the technology company's stock after purchasing an additional 599,394 shares during the period. Ameriprise Financial Inc. owned about 5.70% of Teradata worth $169,756,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in Teradata by 17.2% in the 4th quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock valued at $88,029,000 after acquiring an additional 416,585 shares in the last quarter. Pacer Advisors Inc. raised its stake in Teradata by 5.2% in the fourth quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company's stock valued at $67,899,000 after purchasing an additional 108,426 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Teradata by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,217,654 shares of the technology company's stock worth $37,930,000 after buying an additional 91,211 shares in the last quarter. Norges Bank bought a new stake in shares of Teradata during the 4th quarter worth approximately $36,315,000. Finally, Victory Capital Management Inc. raised its position in Teradata by 742.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock valued at $35,110,000 after purchasing an additional 993,358 shares in the last quarter. 90.31% of the stock is owned by institutional investors.

Teradata Stock Down 0.8 %

Shares of TDC traded down $0.18 on Friday, reaching $22.47. The company's stock had a trading volume of 1,164,278 shares, compared to its average volume of 1,026,823. The stock has a market capitalization of $2.15 billion, a PE ratio of 19.21, a PEG ratio of 6.23 and a beta of 0.80. The firm has a fifty day moving average of $21.85 and a 200-day moving average of $27.32. Teradata Co. has a twelve month low of $18.43 and a twelve month high of $35.60. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65.

Teradata (NYSE:TDC - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.09. The firm had revenue of $418.00 million for the quarter, compared to analysts' expectations of $423.85 million. Teradata had a net margin of 6.51% and a return on equity of 149.16%. The company's quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 earnings per share. Equities analysts predict that Teradata Co. will post 1.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TDC shares. JMP Securities reissued a "market perform" rating on shares of Teradata in a report on Thursday, February 13th. Guggenheim dropped their price target on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday. Barclays cut their price objective on Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. StockNews.com lowered Teradata from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada dropped their price objective on shares of Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $27.50.

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.