Squarepoint Ops LLC Buys 61,474 Shares of Teradata Co. (NYSE:TDC)

Squarepoint Ops LLC raised its stake in Teradata Co. (NYSE:TDC - Free Report) by 55.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,870 shares of the technology company's stock after purchasing an additional 61,474 shares during the period. Squarepoint Ops LLC owned 0.18% of Teradata worth $5,354,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TDC. Independence Bank of Kentucky bought a new stake in Teradata during the 4th quarter worth approximately $37,000. Aster Capital Management DIFC Ltd lifted its stake in Teradata by 53.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock valued at $49,000 after acquiring an additional 543 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Teradata by 20.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company's stock worth $66,000 after acquiring an additional 365 shares in the last quarter. Raiffeisen Bank International AG bought a new position in shares of Teradata during the fourth quarter valued at about $117,000. Finally, New Vernon Capital Holdings II LLC purchased a new position in Teradata during the fourth quarter worth about $133,000. Institutional investors and hedge funds own 90.31% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TDC. Royal Bank of Canada cut their target price on Teradata from $32.00 to $29.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 12th. Northland Securities downgraded 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. Northland Capmk cut Teradata from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Morgan Stanley upgraded shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 target price on the stock in a research note on Tuesday, April 8th. Finally, JMP Securities reiterated a "market perform" rating on shares of Teradata in a research note on Thursday, February 13th. Two research 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, Teradata currently has an average rating of "Hold" and a consensus target price of $27.50.

Teradata Stock Up 0.3%

Teradata stock traded up $0.06 during mid-day trading on Thursday, hitting $21.73. The company had a trading volume of 386,101 shares, compared to its average volume of 1,370,528. Teradata Co. has a 12 month low of $18.43 and a 12 month high of $35.60. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. The stock's 50 day moving average price is $21.76 and its two-hundred day moving average price is $26.52. The company has a market capitalization of $2.08 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 6.23 and a beta of 0.80.

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, beating the consensus estimate 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 net margin of 6.51% and a return on equity of 149.16%. Teradata's revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 EPS. As a group, sell-side analysts anticipate that Teradata Co. will post 1.31 earnings per share for the current fiscal 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.