LSV Asset Management Raises Stock Position in Teradata Corporation (NYSE:TDC)

Key Points

• LSV Asset Management increased its stake in Teradata Corporation by 95.6%, acquiring nearly 777,000 additional shares, bringing its total ownership to approximately $35.7 million.
• Shares of Teradata traded up 1.4%, with current trading at $20.39 and a market capitalization of $1.95 billion.
• Wall Street analysts have mixed opinions on Teradata, with ratings spanning from sell to buy, and an average price target of $27.25.

LSV Asset Management lifted its stake in shares of Teradata Corporation (NYSE:TDC - Free Report) by 95.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,588,999 shares of the technology company's stock after acquiring an additional 776,799 shares during the quarter. LSV Asset Management owned 1.65% of Teradata worth $35,721,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TDC. Tsfg LLC purchased a new stake in shares of Teradata during the first quarter worth $26,000. UMB Bank n.a. grew 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 worth $43,000 after purchasing an additional 1,153 shares in the last quarter. Aster Capital Management DIFC Ltd grew its stake in shares of Teradata by 53.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock worth $49,000 after purchasing an additional 543 shares in the last quarter. US Bancorp DE grew 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 worth $97,000 after purchasing an additional 811 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Teradata by 150.9% in the first quarter. GAMMA Investing LLC now owns 4,589 shares of the technology company's stock valued at $103,000 after acquiring an additional 2,760 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company's stock.

Teradata Stock Performance

NYSE TDC traded down $0.13 during trading hours on Tuesday, hitting $20.23. 1,372,847 shares of the stock were exchanged, compared to its average volume of 926,333. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 6.09 and a beta of 0.83. Teradata Corporation has a 12-month low of $18.43 and a 12-month high of $33.69. The stock has a 50-day moving average of $22.00 and a 200 day moving average of $23.37. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 3.11.

Teradata (NYSE:TDC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.09. Teradata had a net margin of 8.10% and a return on equity of 129.98%. The firm had revenue of $418.00 million during the quarter, compared to analysts' expectations of $423.85 million. During the same period in the prior year, the company posted $0.57 earnings per share. The firm's revenue for the quarter was down 10.1% on a year-over-year basis. As a group, equities research analysts forecast that Teradata Corporation will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

TDC has been the subject of several research analyst reports. Northland Securities downgraded 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 note on Wednesday, May 7th. Guggenheim decreased their price objective on shares of Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Barclays decreased their price objective on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Wall Street Zen raised shares of Teradata from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, Morgan Stanley raised shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 target price for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $27.25.

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.