SG Americas Securities LLC Raises Position in Teradata Corporation (NYSE:TDC)

SG Americas Securities LLC raised its stake in shares of Teradata Corporation (NYSE:TDC - Free Report) by 1,220.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 45,019 shares of the technology company's stock after purchasing an additional 41,609 shares during the period. SG Americas Securities LLC's holdings in Teradata were worth $1,012,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. grew its holdings in Teradata by 153.1% during the first quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock valued at $43,000 after purchasing an additional 1,153 shares during the period. Aster Capital Management DIFC Ltd grew its holdings in Teradata by 53.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock valued at $49,000 after purchasing an additional 543 shares during the period. Venturi Wealth Management LLC grew its holdings in Teradata by 20.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company's stock valued at $66,000 after purchasing an additional 365 shares during the period. GAMMA Investing LLC grew its holdings in Teradata by 150.9% during the first quarter. GAMMA Investing LLC now owns 4,589 shares of the technology company's stock valued at $103,000 after purchasing an additional 2,760 shares during the period. Finally, Raiffeisen Bank International AG bought a new position in shares of Teradata in the fourth quarter worth about $117,000. Institutional investors own 90.31% of the company's stock.

Teradata Price Performance

Shares of NYSE:TDC traded down $0.62 during mid-day trading on Friday, reaching $21.37. The stock had a trading volume of 2,308,230 shares, compared to its average volume of 1,051,626. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 3.11. The company has a market cap of $2.04 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 6.38 and a beta of 0.83. Teradata Corporation has a 1 year low of $18.43 and a 1 year high of $35.60. The business's 50 day moving average price is $21.88 and its 200 day moving average price is $25.52.

Teradata (NYSE:TDC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.09. The company had revenue of $418.00 million for the quarter, compared to the consensus estimate of $423.85 million. Teradata had a return on equity of 129.98% and a net margin of 8.10%. The firm's revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 earnings per share. Research analysts expect that Teradata Corporation will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Teradata from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Barclays dropped their price objective on Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. UBS Group raised Teradata from a "sell" rating to a "hold" rating and dropped their price objective for the stock from $26.00 to $24.00 in a research note on Friday, June 6th. Northland Securities lowered Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price objective for the company. in a research note on Wednesday, May 7th. Finally, Guggenheim dropped their price objective on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $27.25.

About Teradata

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.