ING Groep NV Purchases 171,600 Shares of Teradata Corporation (NYSE:TDC)

Key Points

• ING Groep NV significantly increased its stake in Teradata Corporation by 104.8% in the first quarter, now holding 335,400 shares valued at approximately $7.54 million.
• Other institutional investors, including Ameriprise Financial Inc. and AQR Capital Management LLC, also boosted their positions in Teradata, reflecting strong institutional interest, with over 90% of shares owned by institutions.
• Analysts have mixed views on Teradata, with ratings ranging from "hold" to "buy"; the consensus rating remains a "Hold" with an average target price of $27.25.

ING Groep NV boosted its position in Teradata Corporation (NYSE:TDC - Free Report) by 104.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 335,400 shares of the technology company's stock after acquiring an additional 171,600 shares during the quarter. ING Groep NV owned 0.35% of Teradata worth $7,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Bank of Nova Scotia bought a new position in shares of Teradata in the first quarter worth approximately $1,236,000. PNC Financial Services Group Inc. boosted its position in shares of Teradata by 99.9% during the first quarter. PNC Financial Services Group Inc. now owns 11,265 shares of the technology company's stock valued at $253,000 after buying an additional 5,630 shares during the last quarter. LSV Asset Management grew its holdings in shares of Teradata by 95.6% in the first quarter. LSV Asset Management now owns 1,588,999 shares of the technology company's stock worth $35,721,000 after acquiring an additional 776,799 shares during the period. Jefferies Financial Group Inc. increased its stake in shares of Teradata by 11.8% in the 1st quarter. Jefferies Financial Group Inc. now owns 116,850 shares of the technology company's stock worth $2,627,000 after purchasing an additional 12,354 shares in the last quarter. Finally, US Bancorp DE lifted its stake 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 valued at $97,000 after buying an additional 811 shares in the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TDC. Northland Securities cut Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price objective on the stock. in a report on Wednesday, May 7th. Guggenheim decreased their price objective on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Wall Street Zen upgraded Teradata from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. UBS Group cut their price target on shares of Teradata from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Barclays decreased their price target on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Teradata currently has a consensus rating of "Hold" and a consensus price target of $26.86.

Teradata Trading Down 4.7%

TDC stock traded down $1.03 during midday trading on Thursday, reaching $20.81. 1,373,727 shares of the company's stock traded hands, compared to its average volume of 1,041,225. The business has a 50-day moving average price of $21.95 and a two-hundred day moving average price of $23.27. The company has a market capitalization of $1.99 billion, a P/E ratio of 18.42, a PEG ratio of 6.60 and a beta of 0.83. Teradata Corporation has a fifty-two week low of $18.43 and a fifty-two week high of $33.69. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.84 and a quick ratio of 0.82.

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