Citigroup Inc. Buys 73,436 Shares of Teradata Corporation (NYSE:TDC)

Key Points

• Citigroup Inc. increased its stake in Teradata Corporation by 23.2% in the first quarter, acquiring an additional 73,436 shares to bring its total ownership to 390,345 shares, valued at approximately $8.775 million.
• A variety of hedge funds have been adjusting their positions in Teradata, with institutional investors now owning 90.31% of the company's stock.
• Recent analyst ratings for Teradata have been mixed, with consensus showing a rating of "Hold" and a target price of $26.86, despite several price target reductions from various firms.

Citigroup Inc. increased its stake in Teradata Corporation (NYSE:TDC - Free Report) by 23.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 390,345 shares of the technology company's stock after purchasing an additional 73,436 shares during the period. Citigroup Inc. owned approximately 0.41% of Teradata worth $8,775,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Tsfg LLC acquired a new stake in Teradata in the first quarter valued at about $26,000. UMB Bank n.a. boosted its stake in shares of 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 in the last quarter. US Bancorp DE boosted its stake in shares of Teradata by 23.0% during the first quarter. US Bancorp DE now owns 4,337 shares of the technology company's stock valued at $97,000 after purchasing an additional 811 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 in the last quarter. Finally, Raiffeisen Bank International AG acquired a new stake in shares of Teradata during the fourth quarter valued at about $117,000. Institutional investors own 90.31% of the company's stock.

Wall Street Analysts Forecast Growth

TDC has been the topic of a number of recent research reports. Northland Securities lowered 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 cut their price target on Teradata from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Guggenheim cut their price objective on Teradata from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Northland Capmk lowered Teradata from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Barclays cut 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $26.86.

Teradata Trading Down 0.2%

Shares of TDC stock opened at $21.12 on Friday. The company has a market cap of $2.00 billion, a P/E ratio of 18.69, a PEG ratio of 5.02 and a beta of 0.83. The stock has a 50 day simple moving average of $21.79 and a two-hundred day simple moving average of $22.74. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.84 and a current ratio of 0.84. Teradata Corporation has a fifty-two week low of $18.43 and a fifty-two week high of $33.69.

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

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.

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