State of Alaska Department of Revenue Boosts Stock Holdings in Teradata Corporation (NYSE:TDC)

State of Alaska Department of Revenue lifted its position in shares of Teradata Corporation (NYSE:TDC - Free Report) by 990.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,026 shares of the technology company's stock after buying an additional 108,112 shares during the quarter. State of Alaska Department of Revenue owned about 0.12% of Teradata worth $2,675,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TDC. Ameriprise Financial Inc. boosted its position in Teradata by 12.4% during the fourth quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company's stock valued at $169,756,000 after acquiring an additional 599,394 shares during the last quarter. AQR Capital Management LLC grew its stake in Teradata by 17.2% during the fourth quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock worth $88,029,000 after purchasing an additional 416,585 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Teradata by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,217,654 shares of the technology company's stock worth $37,930,000 after purchasing an additional 91,211 shares during the period. Norges Bank bought a new stake in Teradata in the fourth quarter worth approximately $36,315,000. Finally, Victory Capital Management Inc. lifted its stake in Teradata by 742.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock valued at $35,110,000 after buying an additional 993,358 shares during the period. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Teradata Stock Performance

Shares of Teradata stock traded down $0.21 during mid-day trading on Wednesday, hitting $21.61. 845,143 shares of the stock were exchanged, compared to its average volume of 1,055,792. The company has a market capitalization of $2.07 billion, a P/E ratio of 15.22, a P/E/G ratio of 6.53 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. The company has a 50-day simple moving average of $21.92 and a 200 day simple moving average of $25.37. Teradata Corporation has a 12 month low of $18.43 and a 12 month high of $35.60.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TDC. Northland Capmk lowered shares of Teradata from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Morgan Stanley upgraded Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 target price for the company in a research note on Tuesday, April 8th. Guggenheim dropped their price target on Teradata from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Barclays cut their price target on Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Finally, Wall Street Zen upgraded Teradata from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $27.25.

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.