Maryland State Retirement & Pension System Buys New Position in Teradata Corporation (NYSE:TDC)

Maryland State Retirement & Pension System bought a new position in Teradata Corporation (NYSE:TDC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 33,457 shares of the technology company's stock, valued at approximately $752,000.

Several other hedge funds also recently made changes to their positions in TDC. LSV Asset Management grew its holdings in shares of Teradata by 95.6% during the first quarter. LSV Asset Management now owns 1,588,999 shares of the technology company's stock worth $35,721,000 after buying an additional 776,799 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Teradata by 1,220.2% during the first quarter. SG Americas Securities LLC now owns 45,019 shares of the technology company's stock worth $1,012,000 after purchasing an additional 41,609 shares in the last quarter. Penserra Capital Management LLC raised its holdings in Teradata by 41.0% in the first quarter. Penserra Capital Management LLC now owns 502,048 shares of the technology company's stock valued at $11,286,000 after acquiring an additional 146,030 shares in the last quarter. Tidal Investments LLC acquired a new stake in Teradata in the fourth quarter valued at $631,000. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Teradata by 29.3% during the first quarter. Wedge Capital Management L L P NC now owns 74,831 shares of the technology company's stock worth $1,682,000 after purchasing an additional 16,959 shares during the period. Institutional investors and hedge funds own 90.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TDC. Guggenheim decreased their target price on shares of Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Barclays reduced 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. Northland Capmk lowered shares of Teradata from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded Teradata from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, Northland Securities downgraded Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price target on the stock. in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $26.86.

Teradata Stock Down 0.2%

Shares of NYSE TDC traded down $0.05 during trading hours on Friday, hitting $21.12. The company had a trading volume of 985,677 shares, compared to its average volume of 1,112,493. The stock has a market capitalization of $2.00 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 5.02 and a beta of 0.83. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.78. Teradata Corporation has a 1-year low of $18.43 and a 1-year high of $33.69. The firm's 50 day moving average is $21.79 and its 200-day moving average is $22.74.

Teradata (NYSE:TDC - Get Free Report) last issued 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. Teradata had a return on equity of 96.29% and a net margin of 6.57%. The company had revenue of $408.00 million for the quarter, compared to analysts' expectations of $399.73 million. During the same quarter last year, the business earned $0.64 earnings per share. Teradata's revenue was down 6.4% on a year-over-year basis. On average, analysts expect that Teradata Corporation 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.