Louisiana State Employees Retirement System lifted its position in Teradata Corporation (NYSE:TDC - Free Report) by 69.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,100 shares of the technology company's stock after purchasing an additional 18,500 shares during the quarter. Louisiana State Employees Retirement System's holdings in Teradata were worth $1,014,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TDC. Ameriprise Financial Inc. boosted its holdings in Teradata by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company's stock valued at $169,756,000 after acquiring an additional 599,394 shares during the period. AQR Capital Management LLC boosted its holdings in Teradata by 17.2% during the 4th quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock valued at $88,029,000 after acquiring an additional 416,585 shares during the period. Norges Bank purchased a new stake in Teradata during the 4th quarter valued at about $36,315,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Teradata by 2.8% during the 4th 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 valued at $35,015,000 after acquiring an additional 30,394 shares during the period. Finally, Northern Trust Corp boosted its holdings in Teradata by 30.5% during the 4th quarter. Northern Trust Corp now owns 1,101,181 shares of the technology company's stock valued at $34,302,000 after acquiring an additional 257,649 shares during the period. 90.31% of the stock is currently owned by hedge funds and other institutional investors.
Teradata Stock Performance
TDC stock opened at $21.61 on Friday. Teradata Corporation has a 1 year low of $18.43 and a 1 year high of $33.69. The stock's fifty day moving average price is $22.23 and its 200-day moving average price is $24.18. The company has a market cap of $2.07 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 6.52 and a beta of 0.83. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.84 and a quick ratio of 0.82.
Teradata (NYSE:TDC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.09. Teradata had a return on equity of 129.98% and a net margin of 8.10%. The company had revenue of $418.00 million for the quarter, compared to analysts' expectations of $423.85 million. During the same period last year, the firm earned $0.57 EPS. Teradata's revenue for the quarter was down 10.1% compared to the same quarter last year. On average, equities analysts forecast that Teradata Corporation will post 1.31 earnings per share for the current year.
Wall Street Analysts Forecast Growth
TDC has been the subject of several research reports. Wall Street Zen raised Teradata from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Barclays decreased their target price on 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 raised Teradata from a "sell" rating to a "hold" rating and decreased their target price for the stock from $26.00 to $24.00 in a research report on Friday, June 6th. Guggenheim decreased their target price on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, Morgan Stanley raised Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 target price for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $27.25.
Check Out Our Latest Report on TDC
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.
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