Teradata Corporation (NYSE:TDC) Shares Bought by ING Groep NV

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 increased its stake in Teradata Corporation (NYSE:TDC - Free Report) by 104.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 335,400 shares of the technology company's stock after acquiring an additional 171,600 shares during the quarter. ING Groep NV owned approximately 0.35% of Teradata worth $7,540,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its holdings in Teradata by 12.4% in 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 in the last quarter. AQR Capital Management LLC grew its holdings in shares of Teradata by 17.2% during the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock worth $88,029,000 after buying an additional 416,585 shares in the last quarter. LSV Asset Management grew its holdings in shares of 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 buying an additional 776,799 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 buying an additional 30,394 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Teradata by 30.5% during the fourth quarter. Northern Trust Corp now owns 1,101,181 shares of the technology company's stock worth $34,302,000 after buying an additional 257,649 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TDC shares. Northland Capmk lowered shares of Teradata from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th. Guggenheim dropped their price objective on shares of Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Barclays cut their price objective on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. UBS Group cut their price objective on shares of Teradata from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Northland Securities cut shares of Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price objective for the company. in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $26.86.

Teradata Stock Down 1.4%

Shares of TDC traded down $0.30 during mid-day trading on Friday, hitting $20.50. 1,133,429 shares of the company's stock were exchanged, compared to its average volume of 1,066,952. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 4.95 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 quick ratio of 0.82 and a current ratio of 0.84. The stock's 50-day moving average is $21.92 and its 200-day moving average is $23.19.

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, beating the consensus estimate of $0.41 by $0.06. The firm had revenue of $408.00 million for the quarter, compared to analysts' expectations of $399.73 million. Teradata had a net margin of 6.57% and a return on equity of 96.29%. The firm's revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. On average, sell-side analysts anticipate 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.