State of Alaska Department of Revenue Acquires 108,112 Shares of Teradata Corporation (NYSE:TDC)

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

Several other institutional investors and hedge funds also recently bought and sold shares of TDC. UMB Bank n.a. boosted its holdings in Teradata by 153.1% in the 1st quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock worth $43,000 after buying an additional 1,153 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in Teradata by 53.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,567 shares of the technology company's stock worth $49,000 after buying an additional 543 shares during the period. Venturi Wealth Management LLC boosted its holdings in 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 buying an additional 365 shares during the period. GAMMA Investing LLC boosted its holdings in Teradata by 150.9% in the 1st quarter. GAMMA Investing LLC now owns 4,589 shares of the technology company's stock worth $103,000 after buying an additional 2,760 shares during the period. Finally, Raiffeisen Bank International AG bought a new position in Teradata in the 4th quarter worth approximately $117,000. 90.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on TDC shares. Barclays cut their price target on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Morgan Stanley raised shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price target for the company in a report on Tuesday, April 8th. UBS Group raised shares of Teradata from a "sell" rating to a "hold" rating and cut their price target for the company from $26.00 to $24.00 in a report on Friday, June 6th. Northland Capmk downgraded shares of Teradata from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Northland Securities downgraded shares of Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 price target for the company. in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $27.25.

Teradata Stock Down 2.8%

Shares of NYSE:TDC opened at $21.37 on Friday. Teradata Corporation has a 52-week low of $18.43 and a 52-week high of $35.60. The firm has a fifty day moving average of $21.88 and a 200 day moving average of $25.52. The firm has a market capitalization of $2.04 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 6.38 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, topping 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 company had revenue of $418.00 million during the quarter, compared to analyst estimates of $423.85 million. During the same period in the previous year, the business earned $0.57 earnings per share. The firm's quarterly revenue was down 10.1% compared to the same quarter last year. As a group, research analysts anticipate that Teradata Corporation will post 1.31 EPS 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.

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