Teradata Co. (NYSE:TDC) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in Teradata Co. (NYSE:TDC - Free Report) by 40.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,650 shares of the technology company's stock after acquiring an additional 37,130 shares during the quarter. Mackenzie Financial Corp owned 0.13% of Teradata worth $4,007,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its holdings in Teradata by 12.4% in the fourth 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 increased its position in shares of Teradata by 17.2% in the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock valued at $88,029,000 after buying an additional 416,585 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Teradata by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,217,654 shares of the technology company's stock valued at $37,930,000 after buying an additional 91,211 shares in the last quarter. Norges Bank purchased a new position in shares of Teradata in the fourth quarter valued at $36,315,000. Finally, Victory Capital Management Inc. increased its position in shares of Teradata by 742.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock valued at $35,110,000 after buying an additional 993,358 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TDC. Evercore ISI dropped their price target on Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Wall Street Zen downgraded shares of Teradata from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 8th. Northland Securities downgraded shares of Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 target price for the company. in a research note on Wednesday, May 7th. Barclays lowered their price target on Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Finally, Guggenheim lowered their price target on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $27.50.

Teradata Stock Down 0.5%

Teradata stock traded down $0.10 during midday trading on Monday, hitting $21.86. 905,227 shares of the company were exchanged, compared to its average volume of 1,036,640. The company's fifty day moving average price is $21.64 and its 200-day moving average price is $26.32. The company has a market cap of $2.09 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 6.23 and a beta of 0.80. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79. Teradata Co. has a fifty-two week low of $18.43 and a fifty-two week high of $35.60.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. The firm had revenue of $418.00 million for the quarter, compared to analyst estimates of $423.85 million. Teradata had a return on equity of 149.16% and a net margin of 6.51%. Teradata's revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. On average, research analysts predict that Teradata Co. 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.