KLP Kapitalforvaltning AS Acquires 24,400 Shares of Teradata Corporation $TDC

Key Points

• KLP Kapitalforvaltning AS significantly increased its holdings in Teradata Corporation by 117.9% during the second quarter, acquiring an additional 24,400 shares for a total of 45,100 shares valued at approximately $1,006,000.
• Institutional investors own a majority of Teradata's stock, accounting for 90.31% of the company's total shares, indicating strong institutional support.
• Analysts have mixed views on Teradata, with reports ranging from a "strong sell" rating to a "buy" rating, leading to an average rating of "hold" with a target price of $26.86.

KLP Kapitalforvaltning AS lifted its holdings in shares of Teradata Corporation (NYSE:TDC - Free Report) by 117.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 45,100 shares of the technology company's stock after purchasing an additional 24,400 shares during the period. KLP Kapitalforvaltning AS's holdings in Teradata were worth $1,006,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Hennessy Advisors Inc. bought a new stake in shares of Teradata during the second quarter worth $107,000. One Wealth Advisors LLC bought a new position in Teradata in the second quarter valued at about $283,000. Janney Montgomery Scott LLC bought a new position in Teradata in the second quarter valued at about $419,000. State of Alaska Department of Revenue boosted its holdings in Teradata by 3.3% in the second quarter. State of Alaska Department of Revenue now owns 122,927 shares of the technology company's stock valued at $2,741,000 after acquiring an additional 3,901 shares during the last quarter. Finally, Norden Group LLC boosted its holdings in Teradata by 24.6% in the second quarter. Norden Group LLC now owns 11,673 shares of the technology company's stock valued at $260,000 after acquiring an additional 2,308 shares during the last quarter. Institutional investors own 90.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TDC. Zacks Research cut Teradata from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. Weiss Ratings restated a "sell (d+)" rating on shares of Teradata in a report on Wednesday, October 8th. Wall Street Zen upgraded Teradata from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Finally, UBS Group reduced their target price on Teradata from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $26.86.

Teradata Trading Down 0.3%

NYSE TDC opened at $21.27 on Thursday. The firm has a market cap of $2.01 billion, a P/E ratio of 18.82, a P/E/G ratio of 5.41 and a beta of 0.77. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.84 and a quick ratio of 0.84. The stock's 50-day moving average is $21.36 and its 200-day moving average is $21.63. Teradata Corporation has a one year low of $18.43 and a one year high of $33.69.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.47 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 96.29% and a net margin of 6.57%.Teradata's revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. Teradata has set its Q3 2025 guidance at 0.510-0.55 EPS. FY 2025 guidance at 2.170-2.25 EPS. Sell-side analysts anticipate that Teradata Corporation will post 1.31 earnings per share for the current fiscal year.

Teradata 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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