Bank of Nova Scotia Invests $1.24 Million in Teradata Corporation (NYSE:TDC)

Key Points

• The Bank of Nova Scotia acquired a new stake in Teradata Corporation, purchasing 55,000 shares valued at approximately $1.236 million, representing about 0.06% of the company.
• Teradata's stock recently experienced a decline of 4.7%, and the company reported $0.47 EPS for its latest quarter, surpassing analyst expectations.
• Despite recent upgrades and downgrades by various analysts, Teradata holds an average rating of "Hold" with a target price of $26.86.

Bank of Nova Scotia bought a new position in shares of Teradata Corporation (NYSE:TDC - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 55,000 shares of the technology company's stock, valued at approximately $1,236,000. Bank of Nova Scotia owned 0.06% of Teradata at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TDC. Aster Capital Management DIFC Ltd grew its holdings in shares of Teradata by 53.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock valued at $49,000 after purchasing an additional 543 shares during the period. Vise Technologies Inc. increased its position in shares of Teradata by 7.4% during the 4th quarter. Vise Technologies Inc. now owns 9,562 shares of the technology company's stock worth $298,000 after purchasing an additional 662 shares during the last quarter. US Bancorp DE increased its position in shares of Teradata by 23.0% during the 1st quarter. US Bancorp DE now owns 4,337 shares of the technology company's stock worth $97,000 after purchasing an additional 811 shares during the last quarter. UMB Bank n.a. increased its position in shares of Teradata by 153.1% during the 1st quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock worth $43,000 after purchasing an additional 1,153 shares during the last quarter. Finally, Tsfg LLC acquired a new stake in shares of Teradata during the 1st quarter worth about $26,000. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TDC has been the subject of a number of recent analyst reports. Wall Street Zen raised Teradata from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Barclays decreased their price objective on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. UBS Group decreased their price objective on shares of Teradata from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Northland Capmk downgraded Teradata from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Finally, Northland Securities downgraded Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 target price for the company. in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Teradata has a consensus rating of "Hold" and a consensus target price of $26.86.

Teradata Stock Up 2.0%

Shares of NYSE:TDC traded up $0.40 during trading hours on Tuesday, reaching $20.56. The stock had a trading volume of 311,999 shares, compared to its average volume of 1,279,595. Teradata Corporation has a 1 year low of $18.43 and a 1 year high of $33.69. The firm's 50 day moving average is $21.89 and its 200-day moving average is $22.99. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 4.89 and a beta of 0.83.

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

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.