Bank of Nova Scotia Makes New Investment in Teradata Corporation (NYSE:TDC)

Bank of Nova Scotia purchased a new stake in Teradata Corporation (NYSE:TDC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 55,000 shares of the technology company's stock, valued at approximately $1,236,000. Bank of Nova Scotia owned approximately 0.06% of Teradata at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its position in Teradata by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company's stock worth $169,756,000 after acquiring an additional 599,394 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Teradata by 17.2% in the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock worth $88,029,000 after purchasing an additional 416,585 shares in the last quarter. LSV Asset Management boosted its holdings in Teradata by 95.6% during the first quarter. LSV Asset Management now owns 1,588,999 shares of the technology company's stock worth $35,721,000 after purchasing an additional 776,799 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Teradata by 2.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,124,088 shares of the technology company's stock worth $35,015,000 after purchasing an additional 30,394 shares during the last quarter. Finally, Northern Trust Corp grew its position in Teradata by 30.5% in the fourth quarter. Northern Trust Corp now owns 1,101,181 shares of the technology company's stock valued at $34,302,000 after purchasing an additional 257,649 shares in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

Teradata Stock Down 4.7%

TDC opened at $20.81 on Friday. The stock's fifty day simple moving average is $21.95 and its 200 day simple moving average is $23.27. Teradata Corporation has a 1-year low of $18.43 and a 1-year high of $33.69. The stock has a market cap of $1.99 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 6.60 and a beta of 0.83. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.78.

Teradata (NYSE:TDC - Get Free Report) last announced its earnings results on Tuesday, August 5th. The technology company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.41 by $0.06. Teradata had a net margin of 6.57% and a return on equity of 96.29%. The business had revenue of $408.00 million during the quarter, compared to the consensus estimate of $399.73 million. During the same quarter in the previous year, the firm posted $0.64 EPS. Teradata's revenue was down 6.4% compared to the same quarter last year. As a group, research analysts expect that Teradata Corporation will post 1.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

TDC has been the topic of several analyst reports. Wall Street Zen upgraded shares of Teradata from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Northland Securities cut Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price target for the company. in a research report on Wednesday, May 7th. Northland Capmk downgraded Teradata from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Barclays dropped their price objective on Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Finally, Guggenheim decreased their target price on shares of Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $26.86.

About Teradata

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.

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