Teradata Co. (NYSE:TDC) Shares Purchased by Man Group plc

Man Group plc grew its stake in shares of Teradata Co. (NYSE:TDC - Free Report) by 34.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 495,372 shares of the technology company's stock after purchasing an additional 125,985 shares during the period. Man Group plc owned approximately 0.52% of Teradata worth $15,431,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Teradata in the fourth quarter worth $36,315,000. Victory Capital Management Inc. grew its stake in shares of Teradata by 742.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock valued at $35,110,000 after acquiring an additional 993,358 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Teradata by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company's stock worth $169,756,000 after purchasing an additional 599,394 shares in the last quarter. AQR Capital Management LLC lifted 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 acquiring an additional 416,585 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Teradata by 470.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 495,539 shares of the technology company's stock worth $15,436,000 after purchasing an additional 408,595 shares during the period. 90.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TDC has been the topic of a number of recent research reports. Royal Bank of Canada decreased their price target on shares of Teradata from $32.00 to $29.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 12th. StockNews.com downgraded Teradata from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 8th. Northland Securities cut Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price objective for the company. in a report on Wednesday, May 7th. Barclays reduced their price target on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Teradata in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $27.50.

Teradata Stock Down 3.0%

Shares of TDC traded down $0.67 during mid-day trading on Wednesday, hitting $21.82. 1,180,318 shares of the company's stock were exchanged, compared to its average volume of 1,033,937. Teradata Co. has a fifty-two week low of $18.43 and a fifty-two week high of $35.60. The stock's 50-day moving average is $21.92 and its 200-day moving average is $26.85. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 6.23 and a beta of 0.80. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81.

Teradata (NYSE:TDC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.09. Teradata had a return on equity of 149.16% and a net margin of 6.51%. The business had revenue of $418.00 million for the quarter, compared to the consensus estimate of $423.85 million. During the same quarter in the prior year, the business posted $0.57 EPS. The business's revenue for the quarter was down 10.1% on a year-over-year basis. On average, sell-side analysts anticipate that Teradata Co. will post 1.31 earnings per share 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.