MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 25,185 Shares of Teradata Co. (NYSE:TDC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Teradata Co. (NYSE:TDC - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 224,519 shares of the technology company's stock after acquiring an additional 25,185 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.23% of Teradata worth $6,993,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC grew its holdings in Teradata by 1,566.6% during the fourth quarter. Lazard Asset Management LLC now owns 93,715 shares of the technology company's stock worth $2,918,000 after purchasing an additional 88,092 shares during the period. Janus Henderson Group PLC grew its holdings in Teradata by 7.0% during the fourth quarter. Janus Henderson Group PLC now owns 50,114 shares of the technology company's stock worth $1,561,000 after purchasing an additional 3,293 shares during the period. Jefferies Financial Group Inc. bought a new position in Teradata during the fourth quarter worth about $3,255,000. Gotham Asset Management LLC grew its holdings in Teradata by 53.4% during the fourth quarter. Gotham Asset Management LLC now owns 132,825 shares of the technology company's stock worth $4,137,000 after purchasing an additional 46,224 shares during the period. Finally, Focus Partners Wealth bought a new position in Teradata during the fourth quarter worth about $399,000. Institutional investors and hedge funds own 90.31% of the company's stock.

Analyst Upgrades and Downgrades

TDC has been the subject of a number of research analyst reports. StockNews.com cut Teradata from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 8th. JMP Securities reaffirmed a "market perform" rating on shares of Teradata in a research report on Thursday, February 13th. Barclays reduced their price target on Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Royal Bank of Canada reduced their price target on Teradata from $32.00 to $29.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 12th. Finally, Guggenheim cut their target price on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Teradata currently has a consensus rating of "Hold" and an average target price of $27.50.

Teradata Stock Down 3.0%

Shares of TDC traded down $0.67 during trading hours on Wednesday, reaching $21.82. 1,180,318 shares of the stock traded hands, compared to its average volume of 1,033,937. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 6.23 and a beta of 0.80. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. Teradata Co. has a 52 week low of $18.43 and a 52 week high of $35.60. The stock has a fifty day simple moving average of $21.92 and a 200 day simple moving average of $26.85.

Teradata (NYSE:TDC - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $418.00 million for the quarter, compared to analyst estimates of $423.85 million. Teradata had a net margin of 6.51% and a return on equity of 149.16%. The company's revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. On average, equities analysts forecast that Teradata Co. will post 1.31 EPS for the current year.

Teradata 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.