AMH Equity Ltd Makes New Investment in Teradata Corporation (NYSE:TDC)

AMH Equity Ltd purchased a new stake in Teradata Corporation (NYSE:TDC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 135,000 shares of the technology company's stock, valued at approximately $3,035,000. Teradata comprises approximately 4.6% of AMH Equity Ltd's investment portfolio, making the stock its 6th largest position. AMH Equity Ltd owned approximately 0.14% of Teradata as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of TDC. Norges Bank acquired a new stake in shares of Teradata in the fourth quarter valued at $36,315,000. SG Americas Securities LLC grew its position in Teradata by 1,220.2% in the 1st quarter. SG Americas Securities LLC now owns 45,019 shares of the technology company's stock valued at $1,012,000 after acquiring an additional 41,609 shares in the last quarter. Tidal Investments LLC acquired a new position in Teradata in the 4th quarter valued at about $631,000. Penserra Capital Management LLC increased its stake in Teradata by 41.0% during the first quarter. Penserra Capital Management LLC now owns 502,048 shares of the technology company's stock worth $11,286,000 after purchasing an additional 146,030 shares during the period. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Teradata by 29.3% in the first quarter. Wedge Capital Management L L P NC now owns 74,831 shares of the technology company's stock valued at $1,682,000 after purchasing an additional 16,959 shares in the last quarter. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Teradata Price Performance

Shares of TDC traded down $0.19 during mid-day trading on Friday, reaching $21.61. 789,230 shares of the company's stock were exchanged, compared to its average volume of 1,081,415. Teradata Corporation has a 52-week low of $18.43 and a 52-week high of $33.69. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 3.11. The company has a 50-day simple moving average of $22.23 and a two-hundred day simple moving average of $24.14. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 6.46 and a beta of 0.83.

Teradata (NYSE:TDC - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.09. Teradata had a net margin of 8.10% and a return on equity of 129.98%. The business had revenue of $418.00 million for the quarter, compared to analysts' expectations of $423.85 million. During the same period last year, the company earned $0.57 earnings per share. The company's quarterly revenue was down 10.1% on a year-over-year basis. On average, sell-side analysts predict that Teradata Corporation will post 1.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TDC shares. Northland Capmk lowered Teradata from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Northland Securities lowered shares of Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price target on the stock. in a research note on Wednesday, May 7th. UBS Group upgraded shares of Teradata from a "sell" rating to a "hold" rating and reduced their price objective for the stock from $26.00 to $24.00 in a research report on Friday, June 6th. Morgan Stanley upgraded shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price target on the stock in a research note on Tuesday, April 8th. Finally, Wall Street Zen upgraded shares of Teradata from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $27.25.

Teradata 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.