Bayforest Capital Ltd bought a new position in Teradata Corporation (NYSE:TDC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,553 shares of the technology company's stock, valued at approximately $597,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tsfg LLC bought a new position in Teradata during the first quarter valued at approximately $26,000. UMB Bank n.a. lifted its position in Teradata by 153.1% during the first quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock valued at $43,000 after purchasing an additional 1,153 shares during the period. Aster Capital Management DIFC Ltd lifted its position in Teradata by 53.0% during 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. GAMMA Investing LLC lifted its position in Teradata by 150.9% during the first quarter. GAMMA Investing LLC now owns 4,589 shares of the technology company's stock valued at $103,000 after purchasing an additional 2,760 shares during the period. Finally, Raiffeisen Bank International AG bought a new position in Teradata during the fourth quarter valued at approximately $117,000. Institutional investors own 90.31% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on TDC shares. Northland Securities downgraded shares of Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price objective on the stock. in a research report on Wednesday, May 7th. Morgan Stanley upgraded shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective on the stock in a research report on Tuesday, April 8th. Northland Capmk downgraded shares of Teradata from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Teradata from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, Barclays decreased their price target on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $27.25.
Read Our Latest Research Report on TDC
Teradata Price Performance
Shares of NYSE TDC traded up $0.22 during midday trading on Monday, reaching $20.33. The stock had a trading volume of 322,940 shares, compared to its average volume of 1,272,553. The stock has a 50-day moving average of $22.03 and a 200-day moving average of $23.44. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.82 and a current ratio of 0.84. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 6.01 and a beta of 0.83. Teradata Corporation has a 12-month low of $18.43 and a 12-month high of $33.69.
Teradata (NYSE:TDC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.09. The firm had revenue of $418.00 million during the quarter, compared to analysts' expectations of $423.85 million. Teradata had a net margin of 8.10% and a return on equity of 129.98%. The company's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 earnings per share. As a group, research analysts anticipate that Teradata Corporation will post 1.31 EPS for the current fiscal year.
About Teradata
(
Free Report)
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.
See Also
Before you consider Teradata, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Teradata wasn't on the list.
While Teradata currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access