Penserra Capital Management LLC Boosts Stake in Teradata Corporation (NYSE:TDC)

Penserra Capital Management LLC grew its stake in Teradata Corporation (NYSE:TDC - Free Report) by 41.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 502,048 shares of the technology company's stock after buying an additional 146,030 shares during the period. Penserra Capital Management LLC owned 0.52% of Teradata worth $11,286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Tsfg LLC acquired a new stake in shares of Teradata in the first quarter worth $26,000. UMB Bank n.a. increased its stake in shares of Teradata by 153.1% in the first quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock worth $43,000 after acquiring an additional 1,153 shares during the period. Aster Capital Management DIFC Ltd increased its stake in shares of Teradata by 53.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock worth $49,000 after acquiring an additional 543 shares during the period. GAMMA Investing LLC increased its stake in shares of Teradata by 150.9% in the first quarter. GAMMA Investing LLC now owns 4,589 shares of the technology company's stock worth $103,000 after acquiring an additional 2,760 shares during the period. Finally, Raiffeisen Bank International AG acquired a new stake in shares of Teradata in the fourth quarter worth $117,000. Hedge funds and other institutional investors own 90.31% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TDC shares. Wall Street Zen upgraded shares of Teradata from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Northland Capmk lowered shares of Teradata from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. UBS Group upgraded shares of Teradata from a "sell" rating to a "hold" rating and cut their price objective for the stock from $26.00 to $24.00 in a research note on Friday, June 6th. Barclays dropped their price target on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Finally, Morgan Stanley upgraded shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price target on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Teradata presently has a consensus rating of "Hold" and a consensus target price of $27.25.

Teradata Stock Up 0.1%

TDC stock opened at $23.21 on Monday. The firm's fifty day moving average is $22.23 and its 200 day moving average is $24.76. Teradata Corporation has a one year low of $18.43 and a one year high of $35.60. The firm has a market cap of $2.22 billion, a PE ratio of 16.35, a P/E/G ratio of 6.94 and a beta of 0.83. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.82 and a current ratio of 0.84.

Teradata (NYSE:TDC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating 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 business had revenue of $418.00 million for the quarter, compared to analyst estimates of $423.85 million. During the same quarter last year, the business earned $0.57 earnings per share. The company's revenue for the quarter was down 10.1% compared to the same quarter last year. On average, research analysts forecast that Teradata Corporation 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.

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